Business
Report: Local govt debt rises as subsidy expenditures fall
September 7, 2010
Report: Local govt debt rises as subsidy expenditures fall
A report issued Tuesday by the state budget monitoring committee revealed an LE107 billion
Political ambiguity may push Egyptian pound down
September 7, 2010
Political ambiguity may push Egyptian pound down
Egypt's currency seems unlikely to rebound substantially from 3-1/2 year lows any time soon because investor appetite for Egyptian assets…
CBE: Egypt scores BoP surplus for 2009/10
September 6, 2010
CBE: Egypt scores BoP surplus for 2009/10
Egypt's foreign balance of payments recorded a US$3.36 billion
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…