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Parliament rejects gas price increase

Parliament rejects gas price increase

Parliament's planning and budget committee has rejected proposals by a number of MPs to raise the price of subsidized 92…
CAPMAS: National inflation rate hits 10.5%

CAPMAS: National inflation rate hits 10.5%

The Central Agency for Public Mobilization and Statistics (CAPMAS) on Thursday announced that the annual inflation rate in urban areas…
Suez Canal records highest revenue since November

Suez Canal records highest revenue since November

The Suez Canal Authority announced at a press conference yesterday that Egypt's canal profits have jumped from LE342.2 million in…
Sukhna development projects suffer setbacks

Sukhna development projects suffer setbacks

Al-Masry Al-Youm has obtained documents revealing major setbacks with regard to the implementation of 17 projects by various companies in…
Gold prices hit record high

Gold prices hit record high

Gold prices have reached a historic level on London's market, with one ounce of gold jumping from US$1215 to US$1248.…
10 companies shortlisted for Egypt’s first privately-owned power station

10 companies shortlisted for Egypt’s first privately-owned power station

Minister of Electricity and Energy Hassan Younis announced that from 19 companies and consortia, ten have been shortlisted for the…
Govt banks struggle to diminish debt portfolios

Govt banks struggle to diminish debt portfolios

Government banks are increasing efforts to cut down the size of customers' overdue debt portfolios and bridge the gap in…
Algeria: No timetable on Djezzy dispute with Orascom

Algeria: No timetable on Djezzy dispute with Orascom

The Algerian government cannot give a timetable for resolving a dispute over Orascom Telecom's Algerian unit Djezzy, said Moussa Benhamadi,…
45,000 feddans for first agricultural area in Sinai

45,000 feddans for first agricultural area in Sinai

South Sinai--Amin Abaza, minister of agriculture and land reclamation, has announced that 45,000 feddans will be allotted for the first…
YBG vows to settle public, private debts

YBG vows to settle public, private debts

Finance Minister Youssef Boutros-Ghali announced on Wednesday that his ministry would settle its outstanding debts to insurance funds in both…
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