Yousry ElHawary
Banque Misr CEO defends banks amid ‘unfair’ accusations
Business
November 10, 2013
Banque Misr CEO defends banks amid ‘unfair’ accusations
Al-Masry Al-Youm sits down with President of the Union of Arab Banks and Banque Misr CEO, Mohamed Barakat to discuss…
Government to inject LE130 million into telecom sector
Business
February 10, 2012
Government to inject LE130 million into telecom sector
The government will lend LE130 million to telecommunications companies to help them overcome the current recession, the communications and information…
Car insurance companies mull raising premiums by 50%
Business
July 14, 2011
Car insurance companies mull raising premiums by 50%
Ahmed Abul Enein, director of car insurance at the Misr Insurance Company, said that the Egyptian Union of Insurance Companies…
Foreign reserves drop by US$7.2 bn
Business
June 23, 2011
Foreign reserves drop by US$7.2 bn
The Central Bank's May report revealed that Egypt's foreign reserves dropped by US$7.2 billion in ten months, to stand at…
Businessmen accuse government of harming exports
Business
June 15, 2011
Businessmen accuse government of harming exports
A number of owners of private sector companies have criticized the government's decision to reduce export subsidies, arguing that it…
Egypt to form free trade zone with Africa
Business
May 27, 2011
Egypt to form free trade zone with Africa
Egypt’s economic policies will soon gear more toward African markets and Nile Basin countries, experts said. “The prime minister said…
Finance Ministry mulls joining special govt funds to state budget
Business
May 23, 2011
Finance Ministry mulls joining special govt funds to state budget
Egypt’s Ministry of Finance is considering integrating special government funds into the state budget to secure extra financial resources and…
Egyptian PM appoints new Competition Authority chairman
Business
January 11, 2011
Egyptian PM appoints new Competition Authority chairman
Prime Minister Ahmed Nazif has appointed Sameh al-Torgoman chairman of Egypt's Competition Authority for a four-year term. Al-Torgoman succeeds Mona…
Egyptian textiles producers hope to export more to US markets
Business
January 4, 2011
Egyptian textiles producers hope to export more to US markets
On Monday, Alaa Arafa, head of Egypt's Textiles Export Council, said that
Trade minister discusses bilateral trade with Kenyan counterpart
Business
December 30, 2010
Trade minister discusses bilateral trade with Kenyan counterpart
Trade and Industry Minister Rachid Mohamed Rachid on Thursday discussed ways of boosting bilateral trade with Kenya at a meeting…
No flaws in General Motors vehicles in Egypt, says govt agency
Business
December 29, 2010
No flaws in General Motors vehicles in Egypt, says govt agency
The Consumer Protection Agency (CPA) has announced that US automobile manufacturer General Motors (GM) will not include Egyptian markets in…
Egypt to establish joint industrial zone in Libya
Business
December 23, 2010
Egypt to establish joint industrial zone in Libya
Egyptian and Libyan governments agreed on establishing a joint industrial zone in Libya, said Minister of Trade and Industry Mohammed…
Negotiations underway to secure Russian wheat supplies
Business
December 20, 2010
Negotiations underway to secure Russian wheat supplies
Trade and Industry Minister Rachid Mohamed Rachid, at a press conference with his Russian counterpart on Monday, said Egypt is…
New inspection equipment for Cairo Airport
Egypt
November 28, 2010
New inspection equipment for Cairo Airport
Egypt will import new rapid inspection equipment for export cargo going through Cairo International Airport, said Prime Minister Ahmed Nazif…
Exporters decry heavy-handed airport security measures
Business
November 22, 2010
Exporters decry heavy-handed airport security measures
Egyptian exporters of agricultural products have criticized stepped-up security inspections of outgoing cargo at Cairo International Airport and other shipping…
Ministry official: Egypt has extra wheat reserves set aside for ‘times of crisis’
Business
October 3, 2010
Ministry official: Egypt has extra wheat reserves set aside for ‘times of crisis’
Egypt has additional stocks of wheat set aside for "times of crisis," a senior trade ministry official said Sunday.
Importers request ministry’s permission to purchase Iranian wheat
Business
September 13, 2010
Importers request ministry’s permission to purchase Iranian wheat
Egyptian importers have requested that the Trade Ministry allow the import of Iranian wheat in order to diversify the sources…
Ministry of Trade issues import ban on 149 Chinese companies
Business
September 11, 2010
Ministry of Trade issues import ban on 149 Chinese companies
Trade Minister Rachid Mohamed Rachid has issued a ban on the import of products from 149 Chinese suppliers. The prohibition…
Future of ministry of investment unknown following Mohie Eddin’s appointment to the World Bank
Egypt
September 9, 2010
Future of ministry of investment unknown following Mohie Eddin’s appointment to the World Bank
Investment Minister Mahmoud Mohi Eddin is scheduled to start his new job as managing director of the World Bank in…
Antitrust Authority calls for regulation of organic products
Business
September 9, 2010
Antitrust Authority calls for regulation of organic products
Antitrust Authority President Saeed al-Alfi has ordered a study of the quality of organic products sold on the market, saying…