Business

Survey: Egyptians did US$2.1 billion in e-commerce last year

Survey: Egyptians did US$2.1 billion in e-commerce last year

A new survey conducted by Amman-based consultancy Arab Advisors Group revealed that almost 35 percent of adult internet users in…
Govt approves private-sector energy imports

Govt approves private-sector energy imports

The government has given preliminary approval to allow private-sector companies to import energy for new cement factories, according to a…
Local meat prices maintain upward trend

Local meat prices maintain upward trend

Meat has continued to rise in price despite popular calls for the boycott of butchers until prices return to normal…
Imported steel drives down local prices

Imported steel drives down local prices

Ezz Steel is currently selling some 37,000 tons of imported Turkish steel for LE4050 per ton ex-factory. "This was the…
CBE: FDI, remittances, exports fall in second quarter

CBE: FDI, remittances, exports fall in second quarter

Foreign investment in Egypt fell by US$806 million in the second quarter of the current financial year, dropping to US$894…
Govt official: Private sector cannot be forced to raise min wage

Govt official: Private sector cannot be forced to raise min wage

A high government official has said the private sector cannot be forced to raise minimum wages without the agreement of…
Finance minister rejects progressive tax

Finance minister rejects progressive tax

Finance Minister Youssef Boutros-Ghali has rejected a proposal by Shura Council members to introduce a progressive income tax."Our unified income…
Bourse breaks 7500 for first time in 19 months

Bourse breaks 7500 for first time in 19 months

Egypt's stock exchange passed the 7500-point mark for the first time in 19 months on Monday, with foreign and Arab…
Cattle farmers anticipate further meat price hikes

Cattle farmers anticipate further meat price hikes

Associations for cattle farmers and dairy producers lashed out at the government for failing to narrow the gap between local…
Industrial gas consumption rates set for FY 2010/11

Industrial gas consumption rates set for FY 2010/11

The Petroleum Ministry has set the quantity of natural gas required by Egypt's industrial projects for the next fiscal year,…
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