Business

Elections don’t influence the real estate market, say experts

Elections don’t influence the real estate market, say experts

Real estate expert Mohamed Ghazlan Harb said parliamentary elections will not impact the market as all candidates are unlikely or…
Finance Ministry considers Customs Law amendments

Finance Ministry considers Customs Law amendments

The Ministry of Finance is considering a set of Customs Law amendments to hone procedures for vehicle customs clearance, sources…
Minister unveils new agriculture plan to avert crop waste

Minister unveils new agriculture plan to avert crop waste

Egyptian Minister of Agriculture Amin Abaza, at a celebration held on the occasion of World Food Day, announced that his…
Bank official: CBE not behind Egypt pound surge against dollar

Bank official: CBE not behind Egypt pound surge against dollar

The recent jump in the Egyptian pound's value against the US dollar was not caused by intervention on the part…
Egypt’s elections presses economy, say experts

Egypt’s elections presses economy, say experts

Massive expenditure ahead of the parliamentary and presidential elections is slowing down the government’s ability to accelerate economic reforms, analysts…
Foreign experts demand decrease in Egyptian energy prices

Foreign experts demand decrease in Egyptian energy prices

Foreign experts and investors are demanding that Egypt lower its energy prices, saying that Egypt's prices are the second only…
Minister: LE7 billion spent on Toshka with few tangible returns

Minister: LE7 billion spent on Toshka with few tangible returns

Although the government has spent some LE7 billion on the Toshka land reclamation project, only 60,000 acres of land have…
Labor leader: Mubarak will intervene to resolve minimum wage controversy

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

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

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…
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