Business
Labor leader: Mubarak will intervene to resolve minimum wage controversy
November 4, 2010
Labor leader: Mubarak will intervene to resolve minimum wage controversy
Abdel Rahman Kheir, workers' representative at the National Council for Wages, said on Thursday that President Hosni Mubarak would intervene…
Egypt pound leaps against dollar after Fed move
November 4, 2010
Egypt pound leaps against dollar after Fed move
The Egyptian pound leaps as high as 5.71 against the dollar on Thursday from 5.7765 on Wednesday after the US…
Algeria says old Orascom Tel venture owes US$400,000
November 4, 2010
Algeria says old Orascom Tel venture owes US$400,000
Algiers--Orascom Telecom, locked in a bitter dispute with Algeria, owes the government there US$400,000 in debts left over from a…
Egyptian minister visits Baghdad to boost gas cooperation
November 4, 2010
Egyptian minister visits Baghdad to boost gas cooperation
Egyptian Minister of Petroleum Sameh Fahmy in a visit with Iraqi officials in Baghdad on Wednesday discussed expansion in natural…
Egypt climbs to 94th place on annual ‘Doing Business’ report
November 3, 2010
Egypt climbs to 94th place on annual ‘Doing Business’ report
Egypt has risen to 94th place out of 183 countries in the 2011 "Doing Business" report, issued jointly by the…
Egypt exchange maintains upward trend amid investor confidence
November 3, 2010
Egypt exchange maintains upward trend amid investor confidence
Egypt's EGX 30 stock market index has continued its gradual climb, rising 0.7 percent to settle at 6701.18 points by…
Egypt expects US$10bln FDI 2010-11fiscal year, says minister
November 3, 2010
Egypt expects US$10bln FDI 2010-11fiscal year, says minister
Abu Dhabi--Egypt will push ahead with economic reforms in order to achieve the targeted US$10 billion in foreign direct investment…
Egypt mulls US dollar ‘century bonds,’ says minister
November 3, 2010
Egypt mulls US dollar ‘century bonds,’ says minister
Egypt is considering offers from international investment banks to launch 100-year "century bonds" that would help demonstrate appetite for longer-term…
Project to develop poor villages set to commence
November 3, 2010
Project to develop poor villages set to commence
The initial phase of a project to develop impoverished villages throughout Egypt will conclude by June 2011, said Mahmoud Maghawri,…
Investors’ federation calls for upping minimum wage to LE600/month
November 2, 2010
Investors’ federation calls for upping minimum wage to LE600/month
The Egyptian Federation of Investor Associations this week called for raising the national monthly minimum wage to LE600.Last week, Egypt's…