Yasmin Karam
Industry ministry cuts salaries of top executives
Egypt
October 23, 2011
Industry ministry cuts salaries of top executives
The minister of trade and industry has set a maximum salary of LE25,200 for top ministry executives, according to ministry…
Egypt’s exports set to benefit from Qadhafi’s ouster
Business
August 29, 2011
Egypt’s exports set to benefit from Qadhafi’s ouster
Investors have said Egyptian exports would benefit from rebuilding Libya following Qadhafi’s ouster, and projected that the trade balance between…
Demands to halt fodder exports to KSA and Jordan amidst skyrocketing prices
Business
August 23, 2011
Demands to halt fodder exports to KSA and Jordan amidst skyrocketing prices
Fodder prices in Egypt have skyrocketed in recent months, leading to rising costs of milk and meat production, said Tarek…
Investors warn of decline in Egyptian exports due to US debt crisis
Business
August 15, 2011
Investors warn of decline in Egyptian exports due to US debt crisis
Investors and government officials in Egypt on Monday warned that the country's exports to the US and the European Union…
American investors do not fear the Brotherhood rising to power
Business
June 10, 2011
American investors do not fear the Brotherhood rising to power
At their meetings with government officials and business associations over the past two days, a number of American investors said…
Investment Authority: Pardons restore confidence in Egypt’s economy
Business
May 21, 2011
Investment Authority: Pardons restore confidence in Egypt’s economy
The draft law to grant businessmen criminal pardons would restore confidence in the Egyptian economy and promote foreign investments, said…
Mahallah factories give govt ultimatum on cotton exports
Egypt
April 29, 2011
Mahallah factories give govt ultimatum on cotton exports
Facing a supply shortage, Mahallah factory owners said they would give the government until Sunday to respond to their demands…
Government to double food subsidies
Business
April 22, 2011
Government to double food subsidies
An official source said the government plans to double subsidies of ration card commodities, amounting to LE26 billion this fiscal…
CAPMAS: Rate of newly established companies down 60%
Business
April 12, 2011
CAPMAS: Rate of newly established companies down 60%
At a conference of the Central Agency for Public Mobilization and Statistics (CAPMAS) on Tuesday, the agency said the rate…
Export ban on gold could increase smuggling, exporters warn
Business
March 31, 2011
Export ban on gold could increase smuggling, exporters warn
Gold exporters and manufacturers warn that offshore smuggling might increase if an export ban imposed by the Ministry of Industry…
IDA to supply Egyptian steel firms with 229 million cubic meters of gas
Business
January 7, 2011
IDA to supply Egyptian steel firms with 229 million cubic meters of gas
Egypt's Industrial Development Authority (IDA) on Wednesday announced plans to supply four Egyptian steel companies that have recently obtained steel-production…
MB’s internal opposition front calls for establishment of political party
Egypt
December 29, 2010
MB’s internal opposition front calls for establishment of political party
The Muslim Brotherhood (MB)'s internal opposition front has called on the movement's leadership to work on obtaining an official party…
Govt grants new steel-manufacturing licenses to four companies
Business
December 28, 2010
Govt grants new steel-manufacturing licenses to four companies
Port Said National Company for Steel, Minya's IIC for Steel Plants Management, 6 October's Al-Marakbi and Assiut’s Al-Wataniya have all…
Truckers threaten more strikes as tax negotiations fail
Egypt
December 14, 2010
Truckers threaten more strikes as tax negotiations fail
Truck drivers across Egypt will resume their strike for the fifth consecutive day to voice opposition over legislation that, they…
Jordan levies import tax in a move to undermine Egypt, analysts suspect
Business
October 4, 2010
Jordan levies import tax in a move to undermine Egypt, analysts suspect
The Jordanian government says it will now charge import taxes on its ceramics imports. But the country will exempt 60…
Egyptian pound falls to lowest level against dollar since 2007
Business
September 9, 2010
Egyptian pound falls to lowest level against dollar since 2007
The Egyptian pound has fallen steadily against the US dollar over the past two weeks, with analysts partly attributing the…
Egypt to reduce wheat imports as global prices skyrocket
Business
August 5, 2010
Egypt to reduce wheat imports as global prices skyrocket
Egypt plans to reduce its wheat imports in light of a recent 46-percent spike in global wheat prices, the Trade…
Electricity Ministry urges public to reduce consumption
Business
July 25, 2010
Electricity Ministry urges public to reduce consumption
The Electricity Ministry has launched a campaign on its official website calling on citizens to reduce their personal electricity consumption.The…
Natural gas for non-energy intensive industries to increase by 15 percent
Business
July 3, 2010
Natural gas for non-energy intensive industries to increase by 15 percent
The Energy Pricing Committee approved two days ago the increase in the prices of energy for non-energy intensive industries by…
Committee to decide energy price hikes for industrial sector
Business
June 14, 2010
Committee to decide energy price hikes for industrial sector
The industrial energy pricing committee is scheduled to meet Tuesday to decide whether or not a second phase of energy…