The US branch of consulting firm PricewaterhouseCoopers (PwC) is planning to offer an initiative to help develop the public sector in Egypt, said Ali al-Selmy, the deputy prime minister for political affairs and public enterprise minister, on (...)
The Cairo Criminal Court has announced the rationale of verdicts concerning Ezz, Suez, Beshay and Tiba steel companies. In the case, former steel tycoon Ahmed Ezz was sentenced to ten years in prison and fined LE660 million. Former Trade and (...)
The cabinet's Social Development Fund allocated millions of Egyptian pounds to organizations run by former First Lady Suzanne Mubarak and her son Gamal, documents obtained by Al-Masry Al-Youm reveal.
The payments were made even though the (...)
Central Bank Governor Farouq al-Oqda said on Wednesday that the economy needs three to five years to achieve high growth rates, and that Egypt could become like the Asian Tigers with hard work and perseverance.
The governor had asked the Gold Mining (...)
Lost in the reports about the Obama administration's announcement of "limited contacts" with the Muslim Brotherhood in June was any news of an important meeting at the same time with another group of influential Egyptians: young businessmen.
The US (...)
Statistics of the Commercial Representation Authority showed a considerable increase in the trade balance between Egypt and France, which has reached one billion euros from January until April 2011, corresponding to a 36.4 percent increase, compared (...)
AMMAN - Egypt and Jordan have settled a gas price dispute and are focusing on ensuring a continuous gas supply to the latter, according to Egyptian Ambassador to Jordan Aboul-Ata Amr.
In a statement to Al-Masry Al-Youm, Amr said Jordan understands (...)
A source close to the International Monetary Fund (IMF) said the fund cancelled a visit to Cairo scheduled for July after the ruling military council rejected foreign loan offers so as not to laden future Egyptian governments with debt.
But the (...)
Al-Masry Al-Youm has obtained 30 secret documents relating to the gas export deal struck between Israel and the regime of ousted President Hosni Mubarak, some of which implicate former intelligence chief Omar Suleiman in arranging the deal.
The (...)
Parliament's planning and budget committee asked the government this week to explain the recent increase in the number of registered government employees, especially in light of the fact that all government appointments were halted in 1999.
The (...)
The government is currently studying a proposal for a gradual increase in the price of state land allocated for industrial projects, Trade and Industry Minister Rachid Mohamed Rachid said on Monday.
The price increase is expected to be between 20 (...)
In a recently-issued report, the state-run Central Auditing Organization (CAO) criticized Egyptian universities for their relatively low output of scientific research compared to universities in other countries.
The CAO also chastised Egyptian (...)
Prominent Egyptian rights campaigner Saad Eddin Ibrahim described would-be independent presidential candidate Mohamed ElBaradei as "my first choice for the presidency" at a conference on Monday.
At the conference--entitled "The Presidential (...)
Prominent Egyptian human rights activist Saad Eddin Ibrahim on Sunday said he expected US Congress to approve a resolution in support of democratic reform in Egypt within two weeks.
The resolution, submitted by 11 senators, calls for the abolition (...)
Why won't the government come clean about Investment Minister Mahmoud Mohieldin's recent decision to accept a managerial position at the World Bank? Can't it admit that the minister himself sought the new appointment? Or is the government afraid the (...)
The ruling National Democratic Party (NDP) has commissioned a panel of economic experts to prepare a list of potential nominees to replace Minister of Investment Mahmoud Mohie Eddin, sources told Al-Masry Al-Youm.
The minister was nominated two (...)
President of the Alliance of Egyptian Americans (AEA) Mahmoud al-Shazly has said that mutual US and Egyptian support for launching direct negotiations between Israel and Palestinian Authority is driven more by respective domestic concerns than a (...)
A recently issued financial report shows that regional stock markets saw a nearly 50-percent decline in trading during the second quarter of 2010, compared to the same period in 2009.
Regional markets were affected by the financial crisis in Greece, (...)
Attorney General Abdel Meguid Mahmoud has summoned the former director of Egypt's stock market, Maged Shawky, and the head of the Financial Suprevisory Authority, Ziad Bahaa Eddin, for questioning. The decision comes following reports filed by a (...)
Investment Minister Mahmoud Mohie Eddin has announced the completion of a technical study examining the possible construction of a tunnel connecting the cities of Suez, Ismailia and Port Said to the Sinai Peninsula. The findings of the study, (...)
Four nuclear energy experts from the International Atomic Energy Agency (IAEA) have signed a document stating that certain measures must be taken at Egypt's dormant Anshas nuclear reactors if they are to be reactivated. The Anshas site, which lies (...)
The Egyptian stock market has plummeted abruptly, affected by a downfall in Arab and international markets, which have been plagued by fears of the expansion of the financial crisis in Greece.
The state of alarm threw investors into a selling frenzy (...)
President Hosni Mubarak asserted during the 14th summit of the Group of 15 (G-15) held in Tehran that global economic recovery and the realization of sustainable development require continued coordination among members of the International community (...)
Rami Lakah, a businessman who fled to Europe in 2001 and returned to Egypt recently, hasn't yet repaid the first installment of his debt to Misr Bank, informed sources have told Al-Masry Al-Youm.
The value of the first installment is LE125 million (...)
Egypt's demand for petroleum and gas will reach 103 billion tons annually by the beginning of 2020, the equivalent of 750 million barrels of oil, said Hussein Abdallah, former first undersecretary of the Ministry of Petroleum.
Egypt's oil and gas (...)