Yasmin Karam

Industry ministry cuts salaries of top executives
Egypt

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

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

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

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

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

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

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

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

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

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…
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