Business
Foreign investment falls in 2009/10: Ministry
June 13, 2010
Foreign investment falls in 2009/10: Ministry
New statistics issued by the Investment Ministry reveal a substantial decline in foreign investment in Egypt for the first three…
Thousands of Italians march over austerity plan
June 12, 2010
Thousands of Italians march over austerity plan
Rome--Thousands of Italians marched in Rome on Saturday to protest against the government's austerity measures that include cutting funding to…
Cigarettes, cement taxes to finance LE7.8 increase in public expenditure, govt says
June 12, 2010
Cigarettes, cement taxes to finance LE7.8 increase in public expenditure, govt says
The Finance Ministry has announced a plan to pay for approximately LE8.7 billion increases in public expenditure starting July.Taxes on…
Public company to undertake LE1.2 billion projects in North Coast
June 12, 2010
Public company to undertake LE1.2 billion projects in North Coast
El Montazah Company for Tourism and Investment has announced plans to build LE1.2 billion tourist projects in Alexandria and the…
Minister orders salary raises for rail workers
June 10, 2010
Minister orders salary raises for rail workers
Transportation Minister Alaa Fahmy ordered bonuses and 200-percent salary increases for railway workers, accounting for a total of LE83 million…
Parliament rejects gas price increase
June 10, 2010
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%
June 10, 2010
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
June 10, 2010
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
June 9, 2010
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
June 9, 2010
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.…