Nagy Abdel Aziz
Abu Dhabi bank chief says Egypt must develop base of economy
Business
November 9, 2013
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
June 20, 2012
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
May 2, 2012
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
April 13, 2012
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
January 17, 2012
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
December 12, 2011
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
September 21, 2011
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
August 5, 2011
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
July 27, 2011
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
June 27, 2011
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
March 15, 2011
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
February 24, 2011
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
January 21, 2011
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
January 17, 2011
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
January 4, 2011
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
December 26, 2010
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
December 16, 2010
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
November 12, 2010
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
November 2, 2010
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
October 27, 2010
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.