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Minister: Egypt’s poverty rate stands at 20%.

Minister: Egypt’s poverty rate stands at 20%.

Egypt’s Minister of Economic Development, Othman Mohamed Othman, said that the government managed to cut down abject poverty rates to…
Wheat prices drop, imports rise

Wheat prices drop, imports rise

The General Authority for Supply Commodities (GASC) announced yesterday that it has organized a public bid to be held Tuesday…
Egypt targets US$10 billion in outsourcing exports

Egypt targets US$10 billion in outsourcing exports

Egypt hopes to see a tenfold increase in exports from its growing outsourcing industry by 2020 and will boost its…
Orascom Algeria CEO questioned by police

Orascom Algeria CEO questioned by police

Egyptian mobile firm Orascom Telecom said on Wednesday its Algerian unit's chief executive had been called in by police for…
Egypt state pension fund to invest in private sector

Egypt state pension fund to invest in private sector

Egypt's state pension fund will begin directing billions of dollars into private investments when a new pension law comes into…
Finance minister tells Euromoney conference Egyptian economy poised for growth

Finance minister tells Euromoney conference Egyptian economy poised for growth

Egyptian Minister of Finance Youssef Botrous Ghali told the Euromoney conference yesterday Egypt’s local economy is expected to enjoy a…
Incoming parliament to discuss draft price-control legislation

Incoming parliament to discuss draft price-control legislation

The government plans to submit nine new draft laws aimed at controlling market prices for discussion in the upcoming session…
Report: TE squandered public funds through extravagant bonus payouts

Report: TE squandered public funds through extravagant bonus payouts

Fixed-line provider Telecom Egypt (TE) "squandered public funds" by providing its executives with extravagant bonuses in 2009 despite chalking up…
Minister: Egypt bond market reforms almost complete

Minister: Egypt bond market reforms almost complete

Egypt is close to completing a new legal framework for its secondary bond market and is taking other measures to…
Minister downplays Egypt’s slide on global competition index

Minister downplays Egypt’s slide on global competition index

Trade and Industry Minister Rachid Mohamed Rachid said the fact that Egypt's position had fallen on this year's global competitiveness…
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