Business - Economy

Israel to trim taxes and government spending

Israel will trim taxes and cut its government spending to achieve economic stability

Watch the fiscal deficit, LSE director tells audience in Cairo

Howard Davies, director of the London School of Economics, gave a lecture Sunday, discussing the implications of World Economic Crisis. The event marked the official inauguration of EFSA's Egyptian Financial Institute

Egypt's growth seen at 7 per cent next year

Egypt economy to grow by 7 per cent in the next financial year and is expected to reach 8-8.5 per cent in the year after

Dollar edges up waiting new policies

The US Dollar upsurge due to the upcoming monetary and fiscal policies that the eurozone and china are undertaking

Civil servant wages to double in five years

The government is moving to double the salaries of civil servants in the hope of better supporting the poor, minister says

Oil higher after OPEC output unchanged

Market shocked on The Organization of the Petroleum Exporting Countries agreement at the weekend to keep crude oil output levels flat.

Arab Contractors poised after agreement between Egypt and Libya

The manager of Arab Contractors has welcomed an official agreement between Egypt and Libya that will give Egyptian construction companies a greater share of the country's infrastructure projects.

Egypt: Public land sale is on freeze

Agriculture Minister Amin Abaza says 250 thousand feddans are available for agricultural purposes in the south and east of the country

Egyptian new investments in Libya worth LE1 billion

Egyptian companies will invest LE1 billion in new infrastructure projects in Libya.

Portugal prime minister says no need for IMF aid

The Portuguese premier denied the need for any financial assistance by the IMF to help recovering the economy

UAE banks directed to book Dubai World provisions

Local banks in the United Arab Emirates are being directed to restructure debt standing at $25 billion.

Climate draft proposes $100 billion financing

About $ 100 billion is suggested by the United Nations Climate Change Conference to finance developing nations protecting their environment

Oil ministry mulls building Egyptian oil refinery in Ghana

Oil minister Sameh Fahmy looks for possibility of establishing an oil refinery by Egyptian companies in Ghana during his meeting today with vice-president of Ghana, John Mahama

Euro fluctuations irks Egyptian exporters

Recent depreciation of the euro might negatively affect Egyptian exports to Europe

Qatari prime minister courts Egypt on business visit

Ahead of hosting the 2022 World Cup, Qatar is looking for partners in infrastructure development, sending a top delegation to Egypt from Friday

Egypt's November core annual inflation rises to 8.58 per cent

Egypt's core annual inflation accelerated to 8.58 per cent in November from 7.75 per cent in October, according to the Egyptian Central Bank.

Egypt fears for vital tourism industry after shark attacks

Egyptian authorities were Thursday racing to contain potential fallout from a spate of mysterious shark attacks that has threatened tourism in one of the country's main Red Sea resorts

Suez Canal receipts fall to $412.8m in November

Sluggish trade traffic affects Suez Canal receipts, bringing revenues to $412.8 million in November, down from $427 million in October.

Food price decreases drag down November inflation

November inflation unexpectedly fell from 10.97 percent in October to 10.8 percent in November.

A sweet crisis

Global price hikes are beginning to hit Egypt hard and some factories say they are forced to shut down production lines

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