Egypt to announce new private sector financing deals at Sunday conference    CBE Deputy Governor attends ceremony appointing DPI as new manager of 'Nclude'    Egypt deploys over 2,400 ambulances to support high school exams nationwide    Environment Minister chairs closing session on Mediterranean Sea protection at UN Ocean Conference    Egypt nuclear authority: No radiation rise amid regional unrest    Egypt selected for $1bn climate fund decarbonisation programme: Al-Mashat    Grand Egyptian Museum opening delayed to Q4    Egypt delays Grand Museum opening to Q4 amid regional tensions    Israel and Iran's nuclear programme: Intense strikes and "limited damage"    Trump faces MAGA backlash as Israel-Iran conflict tests non-interventionist promise    Egypt's Foreign Minister condemns Israeli strikes in calls with European, Iraqi counterparts    Egypt slams Israeli strike on Iran, warns of regional chaos    Private sector gains clout in Egypt's economic strategy talks    Egypt expands e-ticketing to 110 heritage sites, adds self-service kiosks at Saqqara    Egypt's EDA joins high-level Africa-Europe medicines regulatory talks    US Senate clears over $3b in arms sales to Qatar, UAE    Egypt, Lebanon discuss water, irrigation cooperation    France's growth outlook dips    Egypt discusses urgent population, development plan with WB    Egypt reaffirms commitment to ocean conservation at UN conference    Egypt's Irrigation Minister urges scientific cooperation to tackle water scarcity    Egypt boosts higher education ties under 24/25 strategy    Egypt, Serbia explore cultural cooperation in heritage, tourism    Egypt discovers three New Kingdom tombs in Luxor's Dra' Abu El-Naga    Egypt launches "Memory of the City" app to document urban history    Palm Hills Squash Open debuts with 48 international stars, $250,000 prize pool    Egypt's Democratic Generation Party Evaluates 84 Candidates Ahead of Parliamentary Vote    On Sport to broadcast Pan Arab Golf Championship for Juniors and Ladies in Egypt    Golf Festival in Cairo to mark Arab Golf Federation's 50th anniversary    Germany among EU's priciest labour markets – official data    Cabinet approves establishment of national medical tourism council to boost healthcare sector    Egypt's PM follows up on Julius Nyerere dam project in Tanzania    Egypt's FM inspects Julius Nyerere Dam project in Tanzania    Egypt's FM praises ties with Tanzania    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    

Articles of the author Yousry ElHawary
Government to inject LE130 million into telecom sector
The government will lend LE130 million to telecommunications companies to help them overcome the current recession, the communications and information technology minister announced Thursday. “This [loans] will encourage [the companies] to (...)

10 - 02 - 2012
Car insurance companies mull raising premiums by 50%
Ahmed Abul Enein, director of car insurance at the Misr Insurance Company, said that the Egyptian Union of Insurance Companies is considering raising car theft insurance premiums by 50 percent, in light of the increasing number of cars stolen in the (...)

14 - 07 - 2011
Foreign reserves drop by US$7.2 bn
The Central Bank's May report revealed that Egypt's foreign reserves dropped by US$7.2 billion in ten months, to stand at US$28 billion as of the end of April. The report also said that foreign debt went up by US$1.3 billion (3.9 percent) to reach (...)

23 - 06 - 2011
Businessmen accuse government of harming exports
A number of owners of private sector companies have criticized the government's decision to reduce export subsidies, arguing that it places them at a disadvantage in international markets. “Reducing export subsidies prevents Egyptian products (...)

15 - 06 - 2011
Egypt to form free trade zone with Africa
Egypt's economic policies will soon gear more toward African markets and Nile Basin countries, experts said. “The prime minister said the government is inclined to form a free trade zone with Africa,” said Ministry of Trade and Industry (...)

27 - 05 - 2011
Finance Ministry mulls joining special govt funds to state budget
Egypt's Ministry of Finance is considering integrating special government funds into the state budget to secure extra financial resources and subject the funds to further controls. The ministry has no control over the special funds, even though they (...)

23 - 05 - 2011
Government to double food subsidies
An official source said the government plans to double subsidies of ration card commodities, amounting to LE26 billion this fiscal year. The source said the decision was made in response to the global price increases of wheat, sugar and cooking (...)

22 - 04 - 2011
Egyptian PM appoints new Competition Authority chairman
Prime Minister Ahmed Nazif has appointed Sameh al-Torgoman chairman of Egypt's Competition Authority for a four-year term. Al-Torgoman succeeds Mona Yassin, who has reached retirement age, to the post. Al-Torgoman previously worked for both Egypt's (...)

11 - 01 - 2011
Egyptian textiles producers hope to export more to US markets
On Monday, Alaa Arafa, head of Egypt's Textiles Export Council, said that he was currently holding negotiations with several US department store chains with a view to boosting sales of Egyptian textiles products. Arafa pointed to the council's (...)

04 - 01 - 2011
Trade minister discusses bilateral trade with Kenyan counterpart
Trade and Industry Minister Rachid Mohamed Rachid on Thursday discussed ways of boosting bilateral trade with Kenya at a meeting with Kenyan Trade and Industry Minister Ali Mwakwere. “We have agreed to develop commercial transport and logistics,” (...)

31 - 12 - 2010
No flaws in General Motors vehicles in Egypt, says govt agency
The Consumer Protection Agency (CPA) has announced that US automobile manufacturer General Motors (GM) will not include Egyptian markets in its withdrawal of number of defective products following customer complaints. GM had announced it would (...)

29 - 12 - 2010
MB''s internal opposition front calls for establishment of political party
The Muslim Brotherhood (MB)'s internal opposition front has called on the movement's leadership to work on obtaining an official party license with a view to becoming a legal opposition party. “We hope that the MB will seriously consider applying (...)

29 - 12 - 2010
Egypt to establish joint industrial zone in Libya
Egyptian and Libyan governments agreed on establishing a joint industrial zone in Libya, said Minister of Trade and Industry Mohammed Rachid on Thursday. In statements to the press following a meeting with his Libyan counterpart Mohamed al-Hweij, (...)

23 - 12 - 2010
Negotiations underway to secure Russian wheat supplies
Trade and Industry Minister Rachid Mohamed Rachid, at a press conference with his Russian counterpart on Monday, said Egypt is negotiating a long term agreement with Russia to secure uninterrupted supply of Russian wheat, irrespective of any force (...)

20 - 12 - 2010
Ministry: Egypt''s sugar reserve covers three months
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 (...)

19 - 12 - 2010
New inspection equipment for Cairo Airport
Egypt will import new rapid inspection equipment for export cargo going through Cairo International Airport, said Prime Minister Ahmed Nazif on Sunday. The decision came following numerous complaints by Egyptian exporters that heightened security (...)

28 - 11 - 2010
Exporters decry heavy-handed airport security measures
Egyptian exporters of agricultural products have criticized stepped-up security inspections of outgoing cargo at Cairo International Airport and other shipping outlets, saying that the measures were causing shipping delays for which they had to pay (...)

22 - 11 - 2010
New health insurance program to be ''mandatory,'' says Finance Ministry
“Participation in the new health insurance program will be mandatory for all citizens,” Deputy Finance Minister Mohamed Moeit declared at the First Regional Medical Insurance and Health Care Forum on Sunday. “The ministry will soon present the terms (...)

10 - 10 - 2010
No plans to ditch Egyptian workforce, says Saudi official
Saudi Arabia receives approximately 540,000 Egyptian pilgrims annually, according to Secretary General for the Council of Saudi Chambers of Commerce and Industry Dr. Fahad al-Sultan. The pilgrims spend an estimated US$1 billion each year on Saudi (...)

05 - 10 - 2010
CBE: Meat and poultry price hikes exceed global standards
A statement issued Saturday by the Central Bank of Egypt (CBE) admitted that recent hikes in meat and poultry prices, 25 percent and 40 percent respectively, exceed international standard increases. The statement is the first government concession (...)

03 - 10 - 2010
Ministry official: Egypt has extra wheat reserves set aside for ''times of crisis''
Egypt has additional stocks of wheat set aside for "times of crisis," a senior trade ministry official said Sunday. The official declined to divulge the size of those stocks, however, which he described as a "state secret." The government has not (...)

03 - 10 - 2010
Wheat prices drop, imports rise
The General Authority for Supply Commodities (GASC) announced yesterday that it has organized a public bid to be held Tuesday for importing 230,000 tons of soft wheat from the US and France. The price for the new batch will be approximately US$15 (...)

30 - 09 - 2010
Egypt firms in Iraq await compensation under Oil-for-Food Program
Egyptian private- and public-sector officials have criticized the Foreign Ministry's seeming disregard for demands by the Trade Ministry's Trade Representation Agency for US$1.1billion in compensation to be paid out to Egyptian companies and workers (...)

23 - 09 - 2010
Importers request ministry''s permission to purchase Iranian wheat
Egyptian importers have requested that the Trade Ministry allow the import of Iranian wheat in order to diversify the sources of wheat available to Egypt in light of a current Russian ban on the exportation of the vital commodity, said Trade (...)

13 - 09 - 2010
Ministry of Trade issues import ban on 149 Chinese companies
Trade Minister Rachid Mohamed Rachid has issued a ban on the import of products from 149 Chinese suppliers. The prohibition came because these suppliers have forged documentation and certificates in the past. The ban also included a decision not to (...)

11 - 09 - 2010
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