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Egypt’s Fuel Price Hikes Positive for Credit Profile
Egypt >> 7/9/2014 - Fitch Ratings said on 8/7/2014 that the recently-announced fuel price hikes are an important step toward reducing subsidies that contribute to Egypt's substantial fiscal deficit - a key rating weaknes...
Egypt's Supply Ministry Says has Enough Wheat to Last for Six Months
Egypt >> 7/10/2014 - Egypt, one of the world's largest wheat importers, said it had enough wheat to last for six months.

"Through what we have purchased locally and our import contracts, we now have enough whe...
Saudi Arabia Largest Importer of Egyptian Goods
Egypt >> 7/10/2014 - Saudi Arabia ranked first among countries that imported Egyptian goods during the first five months of 2014 with more than LE6 billion worth of goods, according to a statement by the Saudi embassy in ...
Mamish: Suez Canal Faces Promising, Difficult Time
Egypt >> 7/12/2014 - The coming period in the Suez Canal Authority's history is promising and difficult at the same time, SCA Chairman Mohab Mamish said.

The SCA is getting poised to apply a comprehensive plan ...
Abdel-Nour: State Offers 148,000 Jobs
Egypt >> 7/12/2014 - Minister of Industry and Trade Munir Fakhry Abdel-Nour said that the national program for training has availed during this fiscal year 2013-2014 some 148,543 job opportunities in 866 various companies...
New State Budget Takes into Account Low-income Brackets
Egypt >> 7/12/2014 - Minister of Finance Hani Qadri Demian said that the new state budget takes into account the low-income brackets and the poor.

The Minister noted that the reason behind cutting off subsidy o...
Alexandria Port Returns Hit EGP 1 billion
Egypt >> 7/12/2014 - Transport Minister Hani Dahi said on 11/07/2014 that the Port of Alexandria's returns jumped this year to 1.26 billion pounds with a net profit of 370 million pounds.

The minister made the ...
20 New Subsidized Items to be Displayed on Market in August
Egypt >> 7/12/2014 - Minister of Supply and Internal Trade Khaled Hanafy announced that 20 new subsidized goods would be on the market starting the first of August, making the total number of subsidized goods 40 items.
Egyptian Government Starts to Reclaim 4 million Feddans
Egypt >> 7/12/2014 - To bridge the food gap, the government started to implement the directives issued by President Abdel Fattah El Sisi to reclaim four million feddans nationwide.

This came during a meeting of...
Ashraf Salman Meets Italian Ambassador
Egypt >> 7/13/2014 - Investment Minister Ashraf Salman on Sunday met with Italy's Ambassador in Cairo Maurizio Massari.

They discussed ways to boost bilateral ties in the fields of energy, agriculture and foods...
Ibrahim Mahlab Visits Several Projects in Luxor
Egypt >> 7/13/2014 - Prime Minister Ibrahim Mahlab made a visit to Luxor on 12/7/2014 where he inspected several projects.

He also inaugurated a new solar energy plant in Luxor. The new plant generates 100 kil...
Ibrahim Mahlab Discusses Activating "Long Live Egypt" Fund
Egypt >> 7/15/2014 - Prime Minister Ibrahim Mahlab held a meeting with the cabinet's economic team and a number of businessmen to activate the "Long Live Egypt Fund" (Tahya Misr) and outline the fund's strategic and legal...
Sisi Stresses Importance of Price Control
Egypt >> 7/17/2014 - President Abdel Fattah al-Sisi met on 16/7/2014 with Supply Minister Khalid Hanafy, said Presidential Spokesman Ehab Badawy.

They reviewed the bread production system along with government ...
European Bank Allocates $50m to Investment Projects in Egypt
Egypt >> 7/17/2014 - Hildegard Gacek, director of the southern and eastern Mediterranean department of the European Bank for Reconstruction and Development, said the bank is looking forward to cooperate with the Egyptian ...
Egyptian Government May Raise Fertilizer Prices in October
Egypt >> 7/17/2014 - Official sources said the government is discussing a dispute between the ministries of agriculture and trade over raising prices of the production and distribution of fertilizers.

The sourc...
Egyptian Govt will not Go Back on Raw Materials Export Ban
Egypt >> 7/17/2014 - Mounir Fakhry Abdel Nour, minister of industry, trade and small and medium enterprises, said the government will not go back on the raw materials export ban, adding that the government will provide al...
Railway Authority Losses Estimated at LE3 Bn
Egypt >> 7/17/2014 - The total losses of the National Railway Authority in 2014-2015 are estimated at LE3 billion.

The authority’s designated budget is LE17.3 billion.

Expenses and costs reached L...
Economic Reform will Yield Positive Results
Egypt >> 7/17/2014 - Finance Minister Hani Qadry said that the recent fiscal reforms will yield positive results in raising expectations about economic growth internationally.

Egypt took several economic measu...
Mehleb Instructed State Bodies to Reduce Expenditures
Egypt >> 7/20/2014 - Prime Minister Ibrahim Mehleb has instructed all government bodies and ministries to reduce expenditures starting July as part of the Cabinet's austerity policies, a Cabinet official source told Al-Ma...
Sisi Reviews Reclamation of 4 million Feddans
Egypt >> 7/21/2014 - President Abdel Fattah El Sisi held a meeting on 20/7/2014 with Prime Minister Ibrahim Mahlab and a host of ministers to discuss a planned reclamation project of four million feddans in Sinai and Upp...

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