The Freedom and Justice Party, the political arm of the Muslim Brotherhood, plans to support Advisory Council head Mansour Hassan as Egypt's next president, sources within the group told Al-Masry Al-Youm on Tuesday.
Hassan, who served as an (...)
The Muslim Brotherhood has tasked Deputy General Guide Khairat al-Shater with preparing what it calls a “renaissance project,” a Brotherhood source has said.
The project comprises short-, mid- and long-term visions for Egypt's administration, (...)
Egypt and Turkey are considering creating a joint trade route linking the coastal cities of Alexandria and Mersin, said Mostafa Mekkawy, Egypt's commercial representative in Istanbul.
Mekkawy, who is visiting Turkey accompanied by a delegation from (...)
A study by global market research company Nielsen has revealed that the Egyptian consumer confidence rate fell from 102 to 92 points in this year's second quarter, compared to the first quarter.
However, the study detected a spirit of optimism among (...)
The Chamber for Mineral Industries has called for a 5 percent tax on imported steel in order to protect local production after the Trade Ministry rejected its earlier request to levy dumping fees on Turkish steel.
“The ministry must maintain an (...)
Facing a supply shortage, Mahallah factory owners said they would give the government until Sunday to respond to their demands that Egypt stop exporting raw cotton and cancel export suport for yarn.
The owners agreed that if their demands are not (...)
Car sales in Egypt have recorded a steep drop over the past few weeks, triggered by the 25 January revolution and consequent tumult witnessed in the majority of economic sectors.
Reacting to the downfall, banks operating in Egypt have imposed extra (...)
A report by the Egyptian federation of chambers of commerce, issued Thursday, said prices of some food commodities have increased while others have fallen.
The price of packaged flour went up from LE4.25 to LE4.50 per kilo, packaged sugar from LE5 (...)
Although state subsidies represent a pillar of Egypt's economic policy, they must be reformed, while commodity subsidies must not be allowed to undermine the government's achievements in terms of economic reform, Finance Minister Youssef (...)
A survey by the Arab League's Young Arabs Forum said 65 percent of the sample believed that unemployment was the most important challenge facing Arab youth.
The forum, which is meeting in Sharm el-Sheikh on Tuesday, called for implementing its (...)
The Industrial Development Authority (IDA) on Wednesday will set production quotas for steel sponge and foundation steel for the four companies in Egypt that have already obtained production licenses, IDA President Amr Assal said on Tuesday.
Minya's (...)
Egyptian banks have placed restrictions on textile credit facilities and loans extended to factories after classifying the industry "risky," textile producers said on Sunday.
Bank charges for textile accounts increased between 3 and 4 percent in the (...)
Egypt wants "stable and normal" relations with Iran, Egyptian Minister of Trade and Industry Rachid Mohamed Rachid said on Wednesday.
At a meeting with officials from the African, Arab and Islamic Chambers of Commerce, Rachid stated that it was (...)
At a symposium of the Cairo University Faculty of Economics and Political Science on Wednesday, Assistant Finance Minister Hani Qadri said that wages, subsidies and outside bets are the untouchables of the state budget, adding that those items (...)
Minister of Trade and Industry Rachid Mohamed Rachid said sufficient gas supply is available for Egyptian industries through 2015. Supply should not be an investment concern, he added.
Accompanied by Prime Minister Ahmed Nazif and other cabinet (...)
The LE400 minimum wage set by Egypt's National Council of Wages last week represents "the best possible figure at the moment," Prime Minister Ahmed Nazif said on Monday while presiding over the inauguration of several industrial and service projects (...)
Arab League Secretary-General Amr Moussa this week said that water scarcity did not represent "an urgent problem" for Egypt.
The water issue, he said, "can be resolved by way of diplomacy."
“However, the government can help by reducing water waste (...)
Egypt's Minister of Trade and Industry Rachid Mohamed Rachid on Tuesday said the government “is not going to hide behind the walls instead of facing challenges encountering Egypt during the recent period."
The comment was delivered to the second (...)
South African oil company Petro SA recently announced plans to invest a total of US$300 million in oil and natural gas exploration in Egypt.
“We've already begun exploration in Egypt's Western Desert,” said Petro SA Assistant Director in Egypt (...)
Steps to determine the amount of food commodities offered on the market are needed to curb price hikes, said Minister of Economic Development Othman Mohamed Othman.
According to the minister, the upcoming period will prioritize carrying out studies (...)
Five Egyptian and Arab companies, including local giant Ezz Steel, obtained technical qualification applications on Monday, allowing them to compete for new production permits for construction steel and billets from the Industrial Development (...)
Saudi Arabia receives approximately 540,000 Egyptian pilgrims annually, according to Secretary General for the Council of Saudi Chambers of Commerce and Industry Dr. Fahad al-Sultan. The pilgrims spend an estimated US$1 billion each year on Saudi (...)
The Deputy of Investment Affairs for the Ministry of Petroleum Ahmed Ashmawi announced that Egypt will move to sixth place on the list of nations with the greatest natural gas reserves--up from its current position as sixteenth--based on the (...)
Egyptian private- and public-sector officials have criticized the Foreign Ministry's seeming disregard for demands by the Trade Ministry's Trade Representation Agency for US$1.1billion in compensation to be paid out to Egyptian companies and workers (...)
Investment Minister Mahmoud Mohi Eddin is scheduled to start his new job as managing director of the World Bank in October, and sources at the Council of Ministers said the government has three scenarios following his departure.
The first scenario (...)