The number of individuals chronically undernourished in the Middle East and North Africa more than doubled in 2012-14, reaching 12.6 million, or six percent of the population compared to 2008-2010.
The date comes from the latest report on the State (...)
Construction of Carbon Holding's Tahir Petrochemicals project is to start in six weeks, company chairman Basil El-Baz said on the margins of the Euromoney Egypt Conference on Wednesday.
The new factory will be the largest liquid naphtha cracker in (...)
Barclays bank in Egypt will open two new branches in the coming months, chief of staff Shady Kamal said on the sidelines of the Euromoney conference on Wednesday.
One branch will be located in the Cairo Festival City Mall in New Cairo, while the (...)
Hisham Ezz El-Arab, chairman and managing director of Cairo International Bank, Egypt's leading private bank, advocated for the creation of a national economic council at the Euromoney Conference held in Cairo on Tuesday.
Ezz El-Arab stated that (...)
Suez Cement, Egyptian subsidiary company of Italcementi Group is investing in a joint project with Italgen to construct a wind farm, Omar Mohana, CEO of the company told Ahram Online on the margins of the Euromoney conference.
The first phase aims (...)
Egypt's first solar-powered gas station has started operating in downtown Cairo. An official inauguration is set to take place before the end of September.
The station belongs to Misr Petroleum, the national distributor of petroleum products, which (...)
Egyptians purchased LE39 billion ($5.5 billion) worth of Suez Canal investment certificates in six working days, more than half of the funds the government is seeking to enlarge the Suez Canal with another LE6 billion collected on Thursday.
The (...)
Scarcity of financial resources and the lack of a solid plan are the main reasons behind the perpetuation of Egypt's energy crisis, according to experts who attended the Cairo Energy Conference.
"The energy problem is well known. Its solutions are (...)
Egyptian families will be exempted from paying tax on one property worth up to LE2 million ($290,000), according to new tax rules announced by the finance ministry.
However, families owning more than one property will pay taxes on all the others, (...)
Egypt's finance ministry says it hopes to amend the country's budget law to place special funds – long a source of controversy – under the same rules that govern public money.
Special funds are raised by state institutions through other means than (...)
Electricity consumption in Egypt hit unprecedented levels on Monday, with some Cairo neighbourhoods seeing up to six blackouts during the day, lasting from one to two hours each time.
The country's electricity minister, Mohamed Shaker, said that (...)
Growth forecasts for seven countries in the Middle East and North Africa might be too rosy and consequently misleading according a World Bank report.
“There is a risk of policy error in trusting economic forecasts that paint a positive outlook for (...)
Ahmed Galal tells Ahram Online that changing mindsets and ways of thinking, through institutional and policy reform, can be just as effective in kickstarting economic growth as acquiring new finance
Egyptian economist Ahmed Galal was appointed (...)
Egypt's annual urban inflation rate registered 8.2 percent in June, state statistical body CAPMAS announced in a press conference Tuesday.
Urban inflation had reached 8.9 percent in the 12 months to June 2013.
However, monthly urban inflation (...)
Egypt's prime minister has revealed governmental plans to seek funds for public sector businesses as well as infrastructure projects through the stock market.
"Governmental plans include improving the management of public funds and their efficiency, (...)
Hassan Heikal, the former executive managing director of EFG Hermes, has used Twitter to open fire on Naguib Sawiris, a leading investor in telecommunications worldwide.
"In fact, the largest beneficiary of energy subsidies in the private sector is (...)
The Egyptian government will implement a new food subsidy system within three months starting with a pilot project that will be implemented in Port Said next month. Supply minister, Khaled Hanafi announced that he is going to modify the food subsidy (...)
Egypt's Illicit Gains Authority decided on Monday to refer Rashid Mohamed Rashid, trade and industry minister during the Mubarak era, to court on corruption charges.
The government body accuses Rashid and his daughter Alia, both of whom left the (...)
Tax revenue in Egypt is very low compared to other countries, reaches around 17 percent of GDP.
“It is a very low level compared to 89 percent for European Union countries and 25 percent in Turkey and Morocco,” says Heba Khalil, an economic (...)
Workers at the state-owned Nile Company for Roads and Bridges have ended their two-week strike and will return to work on Tuesday after management accepted some of their main demands.
Strike representatives met with the company's CEO on Monday to (...)
Workers at Egypt's biggest public textile company have been striking since February 10 to demand payment of delayed bonuses. Now they are calling for the CEO to go. Ahram Online goes to Mahalla to find out why
It's noontime on Wednesday at the gates (...)
A strike by thousands of workers at Egypt's biggest public textile company, the Weaving and Textile Company in the Nile Delta city of Mahalla, entered its fifth day on Friday.
The government has said it will pay on Saturday a delayed installment of (...)
Workers at Egypt's biggest public textile company, Weaving and Textile Company in Mahalla, went on strike on Monday as the government delayed the payment of the last installment of the yearly bonus.
The workers are also demanding the implementation (...)
Last week, millions of Egyptians suffered frequent blackouts. The phenomenon intensified on Wednesday with people in some areas reporting two-hour outages.
The electricity ministry said a shortage of natural gas, necessary to operate power plants, (...)
In reaction to accusations of corruption and negligence within the Egyptian Iron and Steel Company (HADISOLB), Mohamed Saad Negeada, chairman and managing director, has defended his record in interview with Ahram Online.
“Any corruption allegation (...)