CAIRO: The financial allocations the Egyptian Ministry of Finance was distributing to Sohag Investors Association was delayed due to the Cabinet's resignation over the Tahrir incidents.
The ministry allocated around 200 million EGP (U.S. $33.45 (...)
CAIRO: Egyptian Businessman Mohammad Kamal Abdel Hadi proposed a project aiming to irrigate 25 million acres of the Egyptian Western desert without any burdens on the public budget to the Egyptian government.
The project aims at reclaiming 25 (...)
SOHAG, Egypt: A fifth of factories in the industrial zone of the upper Egyptian governorate of Sohag have stopped due to poor marketing after the January 25 Revolution, according to the head of the Sohag Investors Association.
Mahmoud (...)
CAIRO: Last week, 149 new companies were established the Egyptian General Authority for Investment and Free Zones announced Saturday.
The figure is less than the previous week, when 185 companies were established. An average of 30 companies were (...)
CAIRO: Egyptian Sadat City Investors Association (SCIA) refused an aid proposal from the United States estimated to be worth U.S. $150 million, said Mahmoud Abu Seda, SCIA board director.
The Association's refusal comes as the SCIA continues to (...)
CAIRO: Egypt's Minister of Finance announced the start of applying incentive reward programs for governmental administrative employees to increase by 200 percent.
This program aims to reform the wage system in Egypt. Around 9 million EGP has been (...)
CAIRO: The Industrial Development Authority has given 20 million EGP (U.S. $3.4 million) to Asyut governorate for the completion of substructure projects in Al-Awamer industrial town, according to Ali Hamza, Chairman of the Upper Egypt Investment (...)
CAIRO: The Egyptian Investors Union will hold a meeting to discuss certain issues concerning a piece of land given to Zambia as a gift from the Egyptian government. The land was given by Egypt's Foreign Ministry five years ago, said Abu el-Elaa Abu (...)
CAIRO: The International Monitory Fund (IMF) said many Middle Eastern countries suffer from crises, including political suppression, irresolvable economic problems, and an increased unemployment rate for youth.
A report issued by Information and (...)
CAIRO: A conference for encouraging business investments in Cairo will be held on June 22 in the fifth district of New Cairo.
It is scheduled that the conference will be attended by representatives from the Ministry of Housing and major building (...)
CAIRO: Egyptian businessmen are joining the call to solve the problems in Egypt's tourism sector and find a way to bring tourists back to Egypt. The tourism committee of the Businessmen's Association, chaired by Omar Balei, has called for creating a (...)