Business

Cabinet releases March economy figures

Cabinet releases March economy figures

In its latest monthly report, Cabinet's Information and Decision Support Center reported a handful of new economic figures.The report notes…
Egyptian industrial incentives package finalized

Egyptian industrial incentives package finalized

The Ministry of Trade and Industry began intensive negotiations with the Ministry of Finance to approve an estimated budget that…
Decreased demand for Egyptian labor

Decreased demand for Egyptian labor

The monthly report of the Cabinet Information and Decision Support Center said demand for Egyptian labor abroad dropped by 18.9…
Local steel, aluminum and copper companies increase sales

Local steel, aluminum and copper companies increase sales

Sales of local steel, aluminum and copper products have increased on the market despite the problem of rising global prices…
Unemployment at 9.4%, says CAPMAS

Unemployment at 9.4%, says CAPMAS

At a press conference on Thursday, government statistics agency CAPMAS revealed that there were some 2.3 million unemployed people in…
High hopes for economy at Euromoney conference

High hopes for economy at Euromoney conference

Egypt has been affected only slightly by the global financial crisis and now that it is coming to an end,…
Moody’s calls Egypt bonds ‘risky’

Moody’s calls Egypt bonds ‘risky’

The international ratings agency Moody's, in a report released Monday, said that recently issued Egyptian government bonds will carry huge…
Syria gives EFG-Hermes investment banking licences

Syria gives EFG-Hermes investment banking licences

Syria has given investment banking licences to a Syrian unit that EFG-Hermes is setting up, the Cairo-based investment bank said…
NDP official: Subsidy increase imprudent

NDP official: Subsidy increase imprudent

A ruling party official warned against increasing subsidies for petroleum products because of the repercussions for the state budget deficit.…
Boutros-Ghali calls for review of IMF mechanisms

Boutros-Ghali calls for review of IMF mechanisms

Members of the International Monetary Fund (IMF) pledged to formulate sustainable financial policies at the closing session of their spring…
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