Business
9 million real estate tax declarations received
February 23, 2010
9 million real estate tax declarations received
The Egyptian Tax Authority has thus far received some nine million declarations under the new real estate tax system and…
Official report: Unemployment hits 9.4%
February 22, 2010
Official report: Unemployment hits 9.4%
Egypt's unemployment rate reached 9.4 percent in the last quarter of 2009 compared to 8.8 percent in the last quarter…
Shura members blast social fund excesses
February 21, 2010
Shura members blast social fund excesses
Members of the Shura Council (the consultative chamber of parliament) blasted the statesocs-run Social Development Fund (SDF) for granting loans…
Upper Egypt industry scheme lures investors
February 21, 2010
Upper Egypt industry scheme lures investors
An industrial incentive program, launched in 2007 with the aim of attracting investment to the southern provinces of Upper Egypt,…
Officials: FDI down 34.8%; tourism losses exceed LE1 billion
February 21, 2010
Officials: FDI down 34.8%; tourism losses exceed LE1 billion
Total foreign investment in Egypt fell to LE2.6 billion in the first half of the 2009/10 fiscal year from LE4…
Report: Over 2 million Egyptians unemployed
February 20, 2010
Report: Over 2 million Egyptians unemployed
The government has admitted that the number of unemployed persons in Egypt has increased over the past few months. According…
Measures to contain butane crisis in Giza
February 20, 2010
Measures to contain butane crisis in Giza
In its fourth week, the butane cylinder crisis has eased in some governorates and escalated in others. Giza officials attributed…
Shafik Gabr on the economy, ElBaradei, Orientalism
February 18, 2010
Shafik Gabr on the economy, ElBaradei, Orientalism
M. Shafik Gabr is one of Egypt’s leading industrialists. Chairman of the Artoc Group for Investment and Development, Gabr, 57,…
Govt says Saudi land deal in Toshka was a mistake
February 18, 2010
Govt says Saudi land deal in Toshka was a mistake
Sharm el-Sheikh--Minister of Agriculture Amin Abaza admitted on Wednesday that the government made a mistake in the contract signed with…
Egypt seeks Libyan investment in oil sector
February 17, 2010
Egypt seeks Libyan investment in oil sector
The state-run Egyptian General Petroleum Authority (EGPA) is currently in talks with Libyan businessmen in hopes of securing investment for…