Business
US dollar continues to rise against Egyptian pound
May 8, 2010
US dollar continues to rise against Egyptian pound
The US dollar continued to rise against the Egyptian pound, increasing by 4 piasters over the past week, and 14…
Petroleum expert: Egypt oil and gas may dry up by 2020
May 7, 2010
Petroleum expert: Egypt oil and gas may dry up by 2020
Egypt's demand for petroleum and gas will reach 103 billion tons annually by the beginning of 2020, the equivalent of…
Merchants decry trade pact with Mercosur
May 6, 2010
Merchants decry trade pact with Mercosur
Egyptian importers and exporters have raised objections to a trade agreement signed beteen the government and the Mercosur trade bloc--which…
SODIC earmarks LE180mn for internal trade projects
May 6, 2010
SODIC earmarks LE180mn for internal trade projects
Development and investment company SODIC has earmarked LE180 million for investment in local trade projects over the next three years.Company…
Egypt’s economy back to normal this year, says minister
May 6, 2010
Egypt’s economy back to normal this year, says minister
The Egyptian economy will return to its normal status this year, Minister of Economic Development Othman Mohamed Othman announced at…
Finance Ministry delays subsidy restructuring
May 6, 2010
Finance Ministry delays subsidy restructuring
The Egyptian government will postpone its plan to restructure subsidies for principle commodities due to the Ministry of Finance's refusal…
Slapdash min wage raises lead to inflation, PM warns
May 5, 2010
Slapdash min wage raises lead to inflation, PM warns
At a meeting with the Egyptian Trade Union Federation on Wednesday, Prime Minister Ahmed Nazif said that any increase in…
New taxi program runs into difficulties
May 4, 2010
New taxi program runs into difficulties
Finance Ministry officials say the ministry's project to encourage Egypt's taxi owners to replace their aging cabs with new automobiles…
Dollar stabilizes against Egyptian pound
May 3, 2010
Dollar stabilizes against Egyptian pound
The US dollar has stabilized against the Egyptian pound after rising by LE0.10 last month. The selling rate for the…
Survey: Meat consumption falls 21% since February
May 3, 2010
Survey: Meat consumption falls 21% since February
A recent survey conducted by Cabinet's Information and Decision Support Center revealed that red meat consumption in Egypt had fallen…