private sector

Govt report: Number of foreigners working in private, investment sectors down by 8.3%
Business

Govt report: Number of foreigners working in private, investment sectors down by 8.3%

The number of foreign nationals working in Egypt’s private and investment sectors fell down by 8.3 percent in 2014, the…
Egypt permits private sector to import natural gas
Egypt

Egypt permits private sector to import natural gas

Egypt has given the private sector a green light to import natural gas or liquefied natural gas (LNG), a government…
Newspaper: Egypt’s ministry of finance to cooperate with private sector in three new projects
Business

Newspaper: Egypt’s ministry of finance to cooperate with private sector in three new projects

Egypt's Central Unit of Public Private Partnership (PPP), in minister of finance,  plans to add three new projects to the…
Omar Effendi to start restructuring plan over losses, debts
Business

Omar Effendi to start restructuring plan over losses, debts

Omar Effendi will start a restructuring plan Thursday by putting forward 32 branches to partnership with the private sector, while…
Businessmen organizations frown upon minimum wage decision
Business

Businessmen organizations frown upon minimum wage decision

Businessmen organizations said that the decision to implement the minimum wage came as a surprise and that the current economic…
Committee formed to liaise between Morsy, private sector
Egypt

Committee formed to liaise between Morsy, private sector

The committee created by President Mohamed Morsy to liaise between his office and representatives from the private sector held its…
CIB gives loan to new food transport company in Egypt
Business

CIB gives loan to new food transport company in Egypt

Egypt’s largest publicly traded lender, Commercial International Bank (CIB), signed an LE86 million loan agreement on 23 October with two…
Private sector minimum wage to be set soon, says minister
Egypt

Private sector minimum wage to be set soon, says minister

Minister of Manpower Ahmed Hassan al-Borai has said that he would meet with the National Council for Wages in a…
Former officials to be questioned on charges of facilitating illegal privatization
Egypt

Former officials to be questioned on charges of facilitating illegal privatization

The Public Funds Prosecution has started interrogations into the former Mubarak regime's alleged illegal privatization activity after receiving reports on…
Egypt’s local borrowing may backfire on economy
Business

Egypt’s local borrowing may backfire on economy

Egypt’s increased reliance on local lenders to finance its budget shortfall may stifle any economic recovery by reducing the incentive…
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