Business
Govt announces mortgage reform programs
September 6, 2010
Govt announces mortgage reform programs
The Ministry of Investment announced the completion of the first phase of its non-banking financial reform program, which extends to…
Egypt buys 57,200 tons of rice from local market
September 6, 2010
Egypt buys 57,200 tons of rice from local market
Egypt's General Authority for Supply Commodities (GASC) said on Sunday it had bought 57,200 tons of rice from the local…
Energy council demands gas supply for power stations
September 5, 2010
Energy council demands gas supply for power stations
The Supreme Council for Energy has demanded that the Ministry of Petroleum provide enough natural gas to supply new power…
Govt considers private-sector participation in nuclear program
September 5, 2010
Govt considers private-sector participation in nuclear program
The ministries of finance and electricity are reportedly thinking about establishing partnerships with local and foreign private-sector companies for the…
Coinage pumped into local market to meet Ramadan liquidity demand
September 5, 2010
Coinage pumped into local market to meet Ramadan liquidity demand
The Ministry of Finance disbursed some LE14.9 million worth of coinage into the Egyptian market in August in an effort…
Govt plans to offset rising wheat prices by increasing reserves
September 5, 2010
Govt plans to offset rising wheat prices by increasing reserves
The Minister of Trade and Industry, Rachid Mohamed Rachid, revealed several state-administered plans to increase both local production and strategic…
Textile workers end protest
September 4, 2010
Textile workers end protest
Two days ago, dozens of workers from four textile companies--Misr-Iran, Mansoura-Spain, Shibeen Spinning and Mahalla Spinning--ended an open-ended sit-in they…
Committee to formulate new exceptional pension law
September 4, 2010
Committee to formulate new exceptional pension law
Minister of Finance Youssef Boutros-Ghali has decided to set up a committee to formulate a new draft law on exceptional…
Egypt wheat reserves to last five months
September 3, 2010
Egypt wheat reserves to last five months
Egypt’s wheat reserves will last until the end of January, said Ahmed al-Rakaiby, head of Egypt's wheat committee."The safe strategic…
Egypt imports 100 megawatts of Jordanian electricity in single day
September 2, 2010
Egypt imports 100 megawatts of Jordanian electricity in single day
Jordan on Tuesday announced it had exported between 50 and 100 megawatts of electricity to Egypt via the shared Inter-Arab…