Business
Experts expect interest rates to remain steady, inflation to rise
June 5, 2011
Experts expect interest rates to remain steady, inflation to rise
Economic experts expect the Central Bank of Egypt (CBE) to keep interest rates at their current levels to encourage investment…
IMF welcomes Egypt budget reforms, businessmen skeptical
June 4, 2011
IMF welcomes Egypt budget reforms, businessmen skeptical
The International Monetary Fund (IMF) welcomed the social reforms announced by the Egyptian government as part of the state budget…
Japanese govt loans Egypt LE300 million to complete Grand Egyptian Museum
June 3, 2011
Japanese govt loans Egypt LE300 million to complete Grand Egyptian Museum
The Japanese Government granted Egypt a LE300 million loan to complete the last phase of the Grand Egyptian Museum (GEM)…
Revolution leaves Egypt without dictator, but also without tourists
June 2, 2011
Revolution leaves Egypt without dictator, but also without tourists
As political turmoil and sectarian strife continue to afflict post-uprising Egypt, the tourism industry is struggling to get its high…
New taxes cause LE7.5 bn in losses on stock exchange
June 2, 2011
New taxes cause LE7.5 bn in losses on stock exchange
The main index of the Egyptian stock exchange fell by 2.6 percent on Thursday in response to the government levying…
Egypt reviews re-start of gas exports to Israel
June 2, 2011
Egypt reviews re-start of gas exports to Israel
Egypt is reviewing the timetable for resuming gas exports to Israel and wants to negotiate more flexible contracts with foreign…
Egypt’s budget targets poor, introduces capital gains tax
June 2, 2011
Egypt’s budget targets poor, introduces capital gains tax
Egypt's cabinet approved on Wednesday a budget for the 2011/12 financial year that increases spending by a quarter as the…
Ministry to sell low-cost Sudanese meat
June 2, 2011
Ministry to sell low-cost Sudanese meat
The Ministry of Agriculture will offer Sudanese meat at the ministry’s outlets in Cairo, Giza and other governorates starting Saturday…
Mobinil mulls compensation for service halt
June 2, 2011
Mobinil mulls compensation for service halt
Egyptian mobile phone operator Mobinil is weighing compensation for customers due to a five-hour service outage on Wednesday, a company…
Government approves new contract with Talal
June 1, 2011
Government approves new contract with Talal
The cabinet approved a new contract for Al-Waleed bin Talal’s land in Toshka. The property is owned by the prince’s…