CAIRO: Egypt's weak growth rates will continue in the near term, while the real annual growth rates could record only 2 percent during the fiscal year of 2011- 2012, according to a report issued by the Monitor Business Institute of the Egyptian (...)
CAIRO: The Egyptian pound today increased 0.05 percent against the U.S. dollar, now worth 5.960 EGP, according to the weekly report issued by the Information and Decision Support Center in the Egyptian Cabinet.
However the pound fell 0.4 percent (...)
CAIRO: The value of the Egyptian Pound today declined against main currencies, according to an Egyptian Information and Decision Support Center weekly report.
The Pound fell 1.6 and 0.8 percent against the Euro and the UK Sterling pound, (...)
CAIRO: A new media campaign titled, ‘Toward a new Social Contract' has been launched to fight poverty, injustice and illiteracy in Egypt.
The project was launched by the Egyptian Social Contract Center, which is affiliated with the Information (...)
CAIRO: The Egyptian Ministry of Finance ratified the governing principles of the General Budget for 2011-2012 Wednesday.
The principles highlighted the legitimacy of the Egyptian people's demands and their right to demand explanations for any (...)
CAIRO: The decision of property tax on Egyptians, drafted by the imprisoned Minister of Finance, Youssef Boutros-Ghali, will come into force by next January, according to the Egyptian Supreme Council of the Armed Forces (SCAF).
The new law of (...)
CAIRO: The Exchange rate of the Egyptian pound (EGP_ decreased against the U.S. dollar over last week by 0.2 percent, bringing the rate to 5.985 EGP to U.S. $1, according to a weekly report issued by the Egyptian Information and Decision Support (...)
CAIRO: U.S. Ambassador to Cairo Anne Paterson told Egyptian Minister of Finance Hazem al-Beblawy that the U.S. government is considering granting Egypt U.S. $330 million (1.97 billion EGP) in aid.
Beblawy and Paterson discussed the Egyptian (...)
CAIRO: The value of an Egyptian pound decreased against the main currencies over the last week, according to the weekly report of Information and Decision Support Center. The value of the Egyptian pound fell against UK's sterling by 1.2 percent (...)
CAIRO: The Egyptian Ministry of Finance gave compensation checks worth 12 million EGP (U.S. $2 million) to 509 families of martyrs killed during Egypt's January 25 Revolution.
The funds came from the public treasury.
The ministry received 624 (...)
CAIRO: Egypt's ruling Supreme Council of the Armed Forces (SCAF) issued decree No. 102 of 2011 which grants a social bonus for state workers and pensioners by increasing wages and pensions by 30 percent.
Egypt's Ministry of Finance said the (...)
CAIRO: Egypt's infrastructure was not affected by the January 25 Revolution, said Egyptian Minister of Finance Samir Radwan.
Radwan said there is no change in Egypt's economic approach, free market policies or economic reform.
He said the (...)