Business

Govt scraps restrictions on mandatory sale announcements

Govt scraps restrictions on mandatory sale announcements

The Ministry of Trade has decided to lift restrictions imposed on traders regarding mandatory sale announcements. It has also authorized…
Egyptian bank denies allegations of Iranian collusion

Egyptian bank denies allegations of Iranian collusion

The Cairo-based Misr Iran Development Bank (MIDB) has denied allegations that it violated internationally-approved sanctions against Iran.
Mubarak to establish state land protection authority following elections

Mubarak to establish state land protection authority following elections

Egyptian President Hosni Mubarak is set to establish a state land protection authority following impending parliamentary elections, sources told Al-Masry Al-Youm.The…
Legislation to tackle presidential priorities nears introduction

Legislation to tackle presidential priorities nears introduction

The Egyptian government is currently developing legislation to address President Hosni Mubarak's primary priorities for the upcoming parliamentary session. Reforms…
Egypt honored with membership at int’l seeds body

Egypt honored with membership at int’l seeds body

Egypt has been granted a three-year membership at the International Seed Testing Association in honor of its achievements in developing…
Egypt to host annual meetings of WB, IMF in October 2012

Egypt to host annual meetings of WB, IMF in October 2012

Egyptian Minister of Finance Yousef Boutros-Ghali, who is also head of the International Monetary Fund (IMF)'s International Monetary and Financial…
Regulatory authority: ISPs preventing customers from switching to other companies

Regulatory authority: ISPs preventing customers from switching to other companies

Client dissatisfaction with internet service providers (ISPs) in Egypt is increasing as customers who wish to cancel their contract with…
Malaysian Group expresses interest in Egyptian train line

Malaysian Group expresses interest in Egyptian train line

The Malaysian group Scomi is willing to partner with Orascom Group to establish an express train line linking Giza to…
CAPMAS: Education costs rise by 24.6% this year

CAPMAS: Education costs rise by 24.6% this year

2010 has seen a rise of almost 25 percent in the cost of education in Egypt according to the Central…
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