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Report: Local govt debt rises as subsidy expenditures fall

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

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

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

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

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

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

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

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

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

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…
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