The minister of trade and industry has set a maximum salary of LE25,200 for top ministry executives, according to ministry sources.
The sources said the social justice committee, formed last month by Minister Ahmed Fekry Abdel Wahab, has recommended (...)
The Egyptian government signed permanent job contracts for 124,500 employees over the past three months, Finance Minister Hazem al-Beblawy said on Monday.
The government signed the contracts with employees who have served for more than three years (...)
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 (...)
Investors have said Egyptian exports would benefit from rebuilding Libya following Qadhafi's ouster, and projected that the trade balance between the two countries, which currently stands at US$3 billion, would double to US$6 billion.
They ruled out (...)
Fodder prices in Egypt have skyrocketed in recent months, leading to rising costs of milk and meat production, said Tarek al-Toubgy, a member of the board of the Egyptian Society for Dairy Products, on Tuesday.
Toubgy told Al-Masry Al-Youm that the (...)
Investors and government officials in Egypt on Monday warned that the country's exports to the US and the European Union will be affected as the debt crisis in the Western world hits global demand.
Mohamed Bahi Ragy, executive director of the Trade (...)
The Petroleum and Solidarity and Social Justice ministries are scheduled to begin reducing petroleum product subsidies in July.
The plan - devised by the Finance Ministry and included in the 2011/2012 state budget - includes distributing butane gas (...)
At their meetings with government officials and business associations over the past two days, a number of American investors said they do not fear the Brotherhood rising to power, but they need to be reassured that the government will continue to (...)
The draft law to grant businessmen criminal pardons would restore confidence in the Egyptian economy and promote foreign investments, said Osama Saleh, Chairman of the General Investment Authority.
"There is a state of fear among investors because (...)
Facing a supply shortage, Mahallah factory owners said they would give the government until Sunday to respond to their demands that Egypt stop exporting raw cotton and cancel export suport for yarn.
The owners agreed that if their demands are not (...)
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 (...)
At a conference of the Central Agency for Public Mobilization and Statistics (CAPMAS) on Tuesday, the agency said the rate of newly established companies dropped 60 percent in February, compared to the same period last year.
It also indicated a drop (...)
Gold exporters and manufacturers warn that offshore smuggling might increase if an export ban imposed by the Ministry of Industry and Foreign Trade is not lifted.
Wasfi Amin, the head of the gold jewelery sector at the Federation of Egypt Chambers (...)
MP Mamdouh Hosny, director of the Industry and Energy Committee and ruling National Democratic Party's (NDP) representative for the Ghirbal district in Alexandria, resigned from the party.
A source from within the Federation of Industries also (...)
Informed sources expect the Industrial Development Authority (IDA) pricing committee to postpone the third-phase of energy price raises planned for this month. The IDA plans to meet at the end of January to review energy prices for factories.
The (...)
Egypt's Industrial Development Authority (IDA) on Wednesday announced plans to supply four Egyptian steel companies that have recently obtained steel-production licenses with 229 million cubic meters of natural gas.
“The Abu Hashima company in Minya (...)
The Industrial Development Authority (IDA) on Wednesday will set production quotas for steel sponge and foundation steel for the four companies in Egypt that have already obtained production licenses, IDA President Amr Assal said on Tuesday.
Minya's (...)
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 (...)
Port Said National Company for Steel, Minya's IIC for Steel Plants Management, 6 October's Al-Marakbi and Assiut's Al-Wataniya have all been awarded new steel licenses, Egypt's Industrial Development Authority (IDA) announced this week.
In a (...)
Truck drivers across Egypt will resume their strike for the fifth consecutive day to voice opposition over legislation that, they claim, is poised to increase taxes on trucks and fines for excess cargo.
A Monday meeting in Tanta, Gharbiya, convened (...)
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 (...)
The government intends to pay a higher price for maize purchased from local peasants in order to cope with rising international rates, an official source told Al-Masry Al-Youm.
The source said maize supply for the Ministry of Social Solidarity has (...)
Egypt's Minister of Trade and Industry Rachid Mohamed Rachid on Tuesday said the government “is not going to hide behind the walls instead of facing challenges encountering Egypt during the recent period."
The comment was delivered to the second (...)
Five Egyptian and Arab companies, including local giant Ezz Steel, obtained technical qualification applications on Monday, allowing them to compete for new production permits for construction steel and billets from the Industrial Development (...)
The government has set a December deadline for a technical committee formed by the Agriculture Ministry to present its final legal recommendations concerning past violations of state-owned land, official sources said on Monday.
The committee is (...)