Business

Bakers threaten strike if govt doesn’t shelve new bread subsidy plan

Bakers threaten strike if govt doesn’t shelve new bread subsidy plan

Bakeries across the nation have threatened to shut down if the government doesn't reconsider a new subsidization system for bread…
Ministry seeks tourism boost after Ahmadinejad visit

Ministry seeks tourism boost after Ahmadinejad visit

Tourism Minister Hesham Zaazou  is heading to Tehran, the government said on Sunday, as Cairo tries to halt sliding visitor…
Minister: IMF loan talks to resume in early March

Minister: IMF loan talks to resume in early March

Egypt will resume talks with the International Monetary Fund on financial aid early next month, Investment Minister Osama Saleh said…
Maximum and minimum wage law lacks details, faces obstacles in implementation

Maximum and minimum wage law lacks details, faces obstacles in implementation

Early this month, two Nour Party members of the upper house of parliament, the Shura Council, presented a bill that…
Egypt insists food supply secure as wheat imports dive

Egypt insists food supply secure as wheat imports dive

Egypt's wheat imports are sharply down this year as it endures economic and political crisis, but state and private buyers…
Brotherhood businessman calls on investors not to abandon Egypt

Brotherhood businessman calls on investors not to abandon Egypt

Hassan Malek, a prominent businessman and a member of the Muslim Brotherhood, called on investors to break the state of…
Central Bank governor: Foreign reserves recession could abate by March

Central Bank governor: Foreign reserves recession could abate by March

The foreign cash reserve recession rate may decline by March, Central Bank of Egypt Governor Hesham Ramez said. The Central…
In reconciling with regime figures, officials opt for quick cash over formal trials

In reconciling with regime figures, officials opt for quick cash over formal trials

For months now, officials have been engaging in large-scale reconciliation efforts with members of the former regime accused of corruption,…
Alexandria businessman shuts factories amid dispute with workers

Alexandria businessman shuts factories amid dispute with workers

Alexandrian businessman Farag Amr announced Wednesday that he would be shutting down a number of his company's factories that produce…
Cabinet think tank: Consumer confidence up

Cabinet think tank: Consumer confidence up

The Cabinet’s think tank released a report Thursday showing consumer confidence is on the rise.   According to the Information…
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