Business

Inflation up to 11.8%

Inflation up to 11.8%

Prices in Egypt increased 0.7 percent in March, as inflation hit an annual rate of 11.8 percent, according to figures…
Egypt stock market hits 6 month high

Egypt stock market hits 6 month high

Stock indexes continued to rise for the second day in a row at the end of yesterday's transactions, hitting a…
MPs blast govt development plans

MPs blast govt development plans

A meeting of the People's Assembly economic committee saw a fierce debate on Tuesday over government development plans.Minister of Economic…
Processed meat and poultry prices up 25%

Processed meat and poultry prices up 25%

Prices of processed meat and poultry went up between 15 and 25 percent amid expectations for similar increases in the…
PM calls for maintaining rights of workers at loss-making firms

PM calls for maintaining rights of workers at loss-making firms

At a ministerial meeting on Wednesday, Prime Minister Ahmed Nazif called for 'maintaining' the rights of workers employed by loss-making…
MP calls for penalizing public-sector loss-makers

MP calls for penalizing public-sector loss-makers

Although parliament's Wednesday meeting was convened to discuss problems facing employees of the Land Reclamation Company, the Maasara Telephone Equipment…
Ministries to monitor African meat imports

Ministries to monitor African meat imports

Health Minister Hatem el-Gabali and Agriculture Minister Amin Abaza plan to form joint committees mandated with inspecting imported meat when…
New bill bans luxury car purchases with public funds

New bill bans luxury car purchases with public funds

Economic sectors of the government will now have to obtain approval from the minister of economic development before using public…
Minister says Egypt strikes not investment risk

Minister says Egypt strikes not investment risk

Investment Minister Mahmoud Mohie Eddin said on Tuesday Egyptian labor protests were focused on wages and contract demands at specific…
Experts: Temp workers lack basic rights

Experts: Temp workers lack basic rights

Upon graduating college, Yasser Mohamed sent his resume to several prospective employers. After being hired by a government institution one…
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