Nagy Abdel Aziz

Abu Dhabi bank chief says Egypt must develop base of economy
Business

Abu Dhabi bank chief says Egypt must develop base of economy

In order to reach its potential, Egypt must first develop the base of its economy, which currently lacks raw materials…
Economists warn of setback due to uncertain political situation
Business

Economists warn of setback due to uncertain political situation

Some economists have expressed fears of an approaching setback to the nation’s economy because of the lack of vision for…
Ending diplomatic row, Saudi ambassador to return to Cairo
Egypt

Ending diplomatic row, Saudi ambassador to return to Cairo

Saudi Ambassador to Egypt Ahmed al-Qattan is expected to return to Cairo on Saturday, following a diplomatic crisis over the…
Conflicting reports on situation in Salloum
Egypt

Conflicting reports on situation in Salloum

Government officials gave conflicting statements on the security situation at the Salloum land port between Libya and Egypt on Friday.…
Brotherhood party to support head of Advisory Council for president
Egypt

Brotherhood party to support head of Advisory Council for president

The Freedom and Justice Party, the political arm of the Muslim Brotherhood, plans to support Advisory Council head Mansour Hassan…
Brotherhood prepares ‘renaissance’ project to revive Egypt
Egypt

Brotherhood prepares ‘renaissance’ project to revive Egypt

The Muslim Brotherhood has tasked Deputy General Guide Khairat al-Shater with preparing what it calls a “renaissance project,” a Brotherhood…
Egypt, Turkey consider joint trade route
Egypt

Egypt, Turkey consider joint trade route

Egypt and Turkey are considering creating a joint trade route linking the coastal cities of Alexandria and Mersin, said Mostafa…
Job opportunity rate has fallen 47% since January
Egypt

Job opportunity rate has fallen 47% since January

The job opportunity rate in Egypt has declined by 47 percent since the beginning of protests in January, due to…
Nielsen: 72% of Egyptians cut spending in second quarter
Business

Nielsen: 72% of Egyptians cut spending in second quarter

A study by global market research company Nielsen has revealed that the Egyptian consumer confidence rate fell from 102 to…
Local steel manufacturers demand 5% tax on imports
Business

Local steel manufacturers demand 5% tax on imports

The Chamber for Mineral Industries has called for a 5 percent tax on imported steel in order to protect local…
Automobile sales suffer sharp drop
Business

Automobile sales suffer sharp drop

Car sales in Egypt have recorded a steep drop over the past few weeks, triggered by the 25 January revolution…
New report notes fluctuation in food prices
Business

New report notes fluctuation in food prices

A report by the Egyptian federation of chambers of commerce, issued Thursday, said prices of some food commodities have increased…
Minister: Egypt’s commodity subsidies must not undermine economic reform
Business

Minister: Egypt’s commodity subsidies must not undermine economic reform

 Although state subsidies represent a pillar of Egypt’s economic policy, they must be reformed, while commodity subsidies must not be…
Arab League: 25 million Arabs are unemployed
Business

Arab League: 25 million Arabs are unemployed

A survey by the Arab League’s Young Arabs Forum said 65 percent of the sample believed that unemployment was the…
New steel production quotas to be announced Wednesday
Business

New steel production quotas to be announced Wednesday

The Industrial Development Authority (IDA) on Wednesday will set production quotas for steel sponge and foundation steel for the four…
Banks classify textile industries “risky”
Business

Banks classify textile industries “risky”

Egyptian banks have placed restrictions on textile credit facilities and loans extended to factories after classifying the industry "risky," textile…
Trade minister: Egypt wants stable, normalized relations with Iran
Egypt

Trade minister: Egypt wants stable, normalized relations with Iran

Egypt wants "stable and normal" relations with Iran, Egyptian Minister of Trade and Industry Rachid Mohamed Rachid said on Wednesday.At…
Wages are untouchable, says official
Business

Wages are untouchable, says official

At a symposium of the Cairo University Faculty of Economics and Political Science on Wednesday, Assistant Finance Minister Hani Qadri…
Industry gas supply available through 2015, says minister
Business

Industry gas supply available through 2015, says minister

Minister of Trade and Industry Rachid Mohamed Rachid said sufficient gas supply is available for Egyptian industries through 2015. Supply…
Arab League chief: Water scarcity ‘no urgent problem’ for Egypt
Egypt

Arab League chief: Water scarcity ‘no urgent problem’ for Egypt

Arab League Secretary-General Amr Moussa this week said that water scarcity did not represent "an urgent problem" for Egypt.
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