Business

Orascom and France Telecom to resolve Mobinil dispute

Orascom and France Telecom to resolve Mobinil dispute

Orascom Telecom and France Telecom held an urgent meeting Wednesday night at the headquarters of the Ministry of Communications and…
Govt increases cattle imports from Africa

Govt increases cattle imports from Africa

The Ministry of Agriculture announced that it is importing cattle from Ethiopia, Chad, Uganda and Sudan to meet domestic meat…
Govt to amend law on apartment rentals

Govt to amend law on apartment rentals

Housing Minister Ahmed el-Maghraby said the government planned to introduce gradual amendments to the law regulating apartment rentals in coming…
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…
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