12/6/2012 - The Principal Bank for Development and Agricultural Credit decided to earmark LE 7 billion in loans for the farmers who grow staples such as cotton, wheat and corn at an interest of about 5%. The Bank... |
12/6/2012 - At a forum on employment of the youth that was held in Cairo on Wednesday 5/12/2012, Prime Minister Hisham Qandil said that a $ 2.5 billion short-term plan was agreed on within the two coming years to... |
12/9/2012 - A report released by the Ministry of Finance for November confirmed the rise in public debt in late September, saying it hit 69.7% of the GDP or EGP1.23 trillion compared to about EGP1.01 trillion in ... |
12/9/2012 - Financial Times Group began FTSE global launch index FTSEASEA with African Federation of Exchanges, which measures the computationally independent stock performance in the African markets. The Directo... |
12/9/2012 - Egypt received almost 1.2 million tourists in November, 8 per cent more than the 1.1 million it received the previous year, but still almost 400,000 less than October 2010 - before the revolution bega... |
12/9/2012 - Egyptian President Mohamed Morsi, who holds legislative authority, announced sweeping increases in sales taxes and stamp duties on a wide range of consumer goods and services and amended Egypt's incom... |
12/9/2012 - Egypt’s stock market registered significant gains with the main EGX30 index gaining a healthy 5.02 per cent to stand at 5,081 points. The stock market suffered heavy losses during the past three weeks... |
12/9/2012 - The drop in Egypt's Net International Reserves (NIR) in November to $15.03 billion came as a result of political instability which took its toll on tourism and Foreign Direct Investment (FDI), Cairo-b... |
12/10/2012 - Egypt President Mohamed Morsi has retracted his Sunday decisions to increase tax burdens on the Egyptian people, and ordered the government to carry out a "social dialogue" on the measures before impl... |
12/10/2012 - An Egyptian commercial delegation is to visit Russia within few coming days to discuss reasons behind Russia denying access to Egyptian potatoes and citrus into its markets, said Minister of Industry ... |
12/10/2012 - Prime Minister Hisham Qandil said on 9/12/2012 that a massive national project to develop Suez Canal axis is ready to be carried out. The project will attract investments boosting up the Egyptian econ... |
12/10/2012 - Irrigation Minister Mohamed Bahaa el-Din paid an inspection visit on 9/12/2012 to several projects in the Upper Egyptian governorate of Qena. The visit aims at checking on the water facilities and irr... |
12/11/2012 - Minister of Finance Momtaz El Saeid decided on 10/12/2012 to launch a societal dialogue on the latest taxes with Businessmen and experts. Mamdouh Omar, the Chairman of tax administration said he as an... |
12/11/2012 - Egypt strongly desires comprehensive African economic integration that can pave the road to a free trade zone and a joint market, said Minister of Industry and Foreign Trade Hatem Saleh. This came dur... |
12/11/2012 - Egypt has asked the International Monetary Fund (IMF) to delay its approval of a $4.8 billion loan until next month due to domestic political circumstances, Prime Minister Hisham Qandil said at press ... |
12/11/2012 - Prime Minister Hisham Qandil criticised what he described as the negative role of private media in portraying recently-announced tax hikes at a press conference. Egyptian President Mohamed Morsi, who ... |
12/11/2012 - President Morsi is set to issue a modification to two articles in the laws governing the Central Bank of Egypt within days, which grants himself more authority. Notably, the modifications reduce the n... |
12/12/2012 - Prime Minister Hisham Qandil on 11/12/2012 said that his government has plans to generate around 800,000 jobs in various sectors. At a press conference, he added that these jobs will be provided throu... |
12/12/2012 - Minister of Finance Momtaz al-Saeed asserted that a delay in talks on a loan agreement with the International Monetary Fund (IMF) won't affect the loan decision. "The IMF board was supposed to review ... |
12/13/2012 - Head of Tile Sewage Authority Younis Abdul-Salam al-Sarri said that a delegation from the ministries of international cooperation, and irrigation and water resources will head for Jeddah on 15/12/2012... |