French suppliers substantially raised their wheat prices at a tender offer held Thursday by the General Authority for Supply Commodities (GASC), according to a GASC official.
The official, who requested anonymity, attributed the price hike to (...)
The Sinai Coal Company suffered huge financial losses which in March 2005 stood at LE1.096 bn, according to a report on the company which is currently being wound up.
The company, established in 1988 under the Egyptian Mineral Resources Authority, (...)
A ruling party official warned against increasing subsidies for petroleum products because of the repercussions for the state budget deficit. Subsidies this fiscal year were 43 percent higher than the amounts originally allocated for this (...)
A high government official has said the private sector cannot be forced to raise minimum wages without the agreement of its representatives on the High Council on Wages.
He added that the Federation of Egyptian Industries and the various commerce (...)
The government projects that the growth rate will reach six percent by the end of the 2009/2010 fiscal year in June and will rise to eight percent by the end of next fiscal year.
Economic Development Minister Othman Mohamed Othman said the growth (...)