Prices of several food commodities in September were higher than during the same period in 2010, according to a government report released on Sunday.
Local bean prices soared by nearly 62.6 percent, to around LE7.90 for one kilo, this September, up (...)
Egypt went down from number 81 last year to number 94 on the 2011 Global Competitiveness Index, which lists a total of 142 countries
The Global Competitiveness Report attributed the fall to an inefficient institutional structure, poor infrastructure (...)
The cabinet has approved amendments to the antitrust law, granting the government the right to set prices of certain basic commodities for limited periods of time.
“The amendments allow the government to implement fair market policies,” said Trade (...)
A survey by the cabinet's Information and Decision Support Center, published on Sunday, revealed that 58 percent of the sample said they would not vote for a president of a different religion than their own, while 36 percent said they would.
But the (...)
There are 3.1 million unemployed people in Egypt, according to a report published by the Central Agency for Public Mobilization and Statistics (CAPMAS).
The report revealed that the unemployment rate stood at 11.8 percent in the second quarter of (...)
The price of 21-carat gold dropped from LE306 to LE300 on the local market on Tuesday, against the backdrop of universally declining world prices.
Though sales have been slow recently, traders are expecting people to spend more during the Eid (...)
Investors have said Egyptian exports would benefit from rebuilding Libya following Qadhafi's ouster, and projected that the trade balance between the two countries, which currently stands at US$3 billion, would double to US$6 billion.
They ruled out (...)
Abu Bakr al-Guindy, director of the Central Agency for Public Mobilization and Statistics, said Thursday that there are 1.594 million children between the ages of five and 17 working in Egypt, of which 87.4 percent give their wages to their (...)
President of the Canadian Chamber of Commerce Fayez Ezzeddin has announced that the Egyptian community plans to establish a US$1 billion investment fund to set up new projects or contribute to existing ones.
During the chamber's meeting on Sunday (...)
Planning and International Cooperation Minister Faiza Abul Naga said at a press conference on Sunday that the economic growth rate during the third quarter of the current fiscal year would drop to -4.2 percent, compared to 5.4 percent during the (...)
A survey issued by the cabinet's Information and Decision Support Center says that 47 percent of Egyptian citizens feel unsafe after the revolution, 32 percent feel safe and 18 percent feel safe to a certain degree.
The survey also said that 71 (...)
Finance Minister Samir Radwan said on Thursday that the International Monetary Fund has confirmed that the Egyptian economy will be among the world's most promising economies in the next five years, provided it survives its current setback.
Speaking (...)
Deputy Prime Minister Yehia al-Gamal said on Wednesday that the cabinet and the Supreme Council of the Armed Forces (SCAF) have agreed to form a committee to devise a unified framework for creating a new constitution.
The committee is to be (...)
Taymour Mostafa, head of the Egypt's administrative prosecution, said the Egyptian laws must be reconsidered as they encourage corruption. “They were put in place to protect certain individuals,” he said, pointing to the law on monopolies in (...)
Funds amounting to US$6.3 billion were transferred out of Egypt in 2010, according to Global Financial Integrity (GFI).
“Egypt is the third Middle Eastern country in terms of nationals transferring their money abroad,” Hashas added, suggesting that (...)
Corruption, nepotism and the abuse of power were the major catalysts for the 25 January revolution that toppled the regime of former president Hosni Mubarak, a report released on Saturday by the Egyptian cabinet's Information and Decision Support (...)
In 2009, the number of private and public sector economic establishments and their employees decreased by 11.4 percent as compared to 2008, said the Central Agency for Public Mobilization and Statistics (CAPMAS).
The agency revealed that the total (...)
Several major international airports have been closed due to an ongoing cold wave across the European continent, reducing the number of incoming flights to Egypt, say tourism specialists.
“But we can't yet determine whether local hotel occupancies (...)
Trade and Industry Minister Rachid Mohamed Rachid has called for "identifying and removing" the obstacles that currently impede foreign investment in Egypt.
“There are challenges facing investment in the Egyptian economy in light of the global (...)
Eighty-five percent of Egyptian society believes that corruption is a widespread social phenomenon, 94 percent believes it constitutes a serious problem, and 55 percent considered it part of their lives, according to an official survey assessing (...)
The Ministry of Social Solidarity said the public-sector sugar company has a three month reserve. It says the company supplies the local market with 70,000 tons per month to meet the ration card consumption.
Meanwhile, an official said the (...)
The current cold snap has caused the prices of vegetables and fruits to rise due to shortages of supply, according to grocers.
The prices of tomatoes increased to LE2-LE3.5 per kilo and those of potatoes to LE2-LE4.The price of okra fluctuated (...)
Egypt is willing to continue development projects it had started in the eastern region of Sudan, announced the Egyptian government. It has allocated US$1 million to finance medical and educational projects there.
Egyptian Economic Development (...)
Egyptian companies with investments in Sudan are considering several possible scenarios for dealing with the outcome of a 9 January referendum to be held in southern Sudan on proposed independence. It is widely expected that southerners will choose (...)
Egyptian recipients of advanced academic degrees rose by six percent in 2009 compared to the previous year, the Central Agency for Public Mobilization and Statistics has announced.
The total number of advanced degrees Egyptians obtained from both (...)