Mohamed Haroun
New investors force cement companies to reduce prices
Business
August 4, 2011
New investors force cement companies to reduce prices
New investors in the cement business, especially Arish Cement, which is owned by the Egyptian armed forces, have forced several…
Negotiations stall surrounding US aid to Egypt
Egypt
July 20, 2011
Negotiations stall surrounding US aid to Egypt
Ongoing negotiations surrounding President Obama’s recently pledged US$2 billion aid to Egypt suffer from disagreements between Cairo and Washington. While…
Negotiations start over implementation of Obama’s economic aid package
Business
June 28, 2011
Negotiations start over implementation of Obama’s economic aid package
The Ministry of International Cooperation on Tuesday started negotiations with US officials to implement the decision of US President Barack…
National Wages Council warns of austerity measures affecting labor market
Business
June 27, 2011
National Wages Council warns of austerity measures affecting labor market
National Wages Council member Abdel Rahman Kheir said on Monday that the austerity measures currently being considered by the government…
Antitrust fine to be increased to 10% of violating products
Business
May 30, 2011
Antitrust fine to be increased to 10% of violating products
The Ministry of Trade and Industry has submitted a proposal to the cabinet that the antitrust fine be increased to…
Committee begins work of reclaiming illegally acquired land from companies
Business
May 23, 2011
Committee begins work of reclaiming illegally acquired land from companies
The newly-formed Investment Disputes Settlement Committee (IDSC), chaired by Prime Minister Essam Sharaf, is studying ways of retrieving land acquired…
New procedures to encourage small and medium-size projects
Business
April 10, 2011
New procedures to encourage small and medium-size projects
Minister of Industry and Foreign Trade Samir Sayyad on Sunday said the ministry is preparing new procedures that aim to…
Corruption rampant within Al-Azhar, says grand sheikh
Egypt
March 22, 2011
Corruption rampant within Al-Azhar, says grand sheikh
The Grand Sheikh of Al-Azhar Ahmed al-Tayyeb has announced that he will give back the salary he has received since…
Rebar demand declining
Business
January 5, 2011
Rebar demand declining
Rebar demand in Egypt has declined during the last few days, according to the general manager of the Metallurgical Industries…