Indian PM heckled over reforms
Supreme Court lawyer shouted for the prime minister to “roll back” the liberalisation measures at an international legal conference
Latest in Tag: Income Highlight
Latest in Tag: Income
World Bank blames occupation for suffering Palestinian economy
PA faces multimillion dollar budget gap
Turkey’s economic miracle offers MENA investors big markets to chase
By Tim Reid Turkey has hung out its ‘for sale’ sign at just the right time to grab the attention of Arab investors who are in the market for new destinations to deploy their record energy revenues. A new Turkish real-estate law came into effect in May making it easier for Arabs to buy property …
Potential new tax on mobile phone calls
Mobile tax, a new burden on the average citizen!?
Back to the drawing board, teachers and transport workers are on strike
Teachers, on strike since last week, vow not to return to work unless they receive wage raises, as the school-year begins
Review: columnists observe Morsy’s attitude, IMF loan, and Coptic community
Egyptian opinion writers have explored a variety of topics that relate to President Morsy’s surprising moves, starting from his first trip to Saudi, to his latest in Iran. Many columnists continue to dissect Egypt’s internal platform with regards to the growing fears of the Coptic community in the country. Others criticise the acceptance of the …
Three strikes and you’re out
Teachers, factory workers, and engineers hold three separate protests in front of cabinet
Protests and strikes against recession in Palestine
PM promises to reduce prices by cutting salaries of ministers and officials
Hurghada workers demand wage increase
Hurghada cleaners demand better wages, company official says demands are not fair
Tax Authroity new head vowes to boost tax revenues
Egypt’s Tax Authority (TA) hopes to increase tax revenues to EGP 230 billion, according to newly appointed chairman Mamdouh Omar. The TA plans to promote new leadership to ensure justice within the body, Omar told a meeting with heads of regional bureaus and managers of different departments on Monday. According to commentators, taxation in Egypt …
Review: columnists debate Egypt Air strikes, sexual harassment and liberals’ unity
Opinion writers in different Egyptian newspapers have discussed an assortment of topics. Some of them have tapped upon the deceptive commonly used statement “the revolution has been stolen,” claiming that some political forces merely use the statement to cover up for their division and disorganisation. Some other commentators have written about the recent strikes in …
Tour guides call for restoring security
Protest in front of Egyptian Museum calling for the restoration of security at tourist sites
OCI net income declines in H1, positive indicators of a strong comeback
Orascom for Construction Industries’ (OCI) results showed a net decrease as at 30 June, although they project a positive outlook. This year’s first half results show that the company’s net income dropped by 42.6 percent to EGP 1.3 billion versus EGP 2.2 billion in the first half of 2011. However, this year’s quarter-to-quarter results show …
Comfortably numb: identifying the root of Egypt’s drug problems
Despite, or perhaps because of, the prevalence of recreational drug use in Egypt, especially with regards to hashish and marihuana, there seems to be a ‘blind-eye’ approach to the presence of the country’s underlying and more problematic drug culture
Struggling Egyptian fishermen violate regional waters
Egyptian fishermen continue escaping life conditions through water
Ramlet Boulaq residents: improve the area or give us fair compensation
Campaign of arbitrary arrests continues in Ramlet Boulaq
Minister of Supply seeks ways to sustain bread subsidies
Held a meeting with bakeries owners, Supply and Internal Trade Minister seeks sustaining bread subsidies
Debate over IMF loan persists
By Islam Serour Fears of negative consequences attached to the IMF loan is fuelling debate among Egypt’s business and economic community. Some worry the loan could worsen national debt if the Egyptian pound were to be devalued, while others debate whether the government should focus more on the country’s domestic fiscal position rather than relying …
Ramlet Boulaq: The battle for land
Contradicting notions of fear, thuggery, lack of justice, and luxury outline Ramlet Boulaq and its nearby Nile Towers
Human Rights Corner: Ramlet Boulaq – A battle of social justice
Bread, freedom, human dignity
Minister of Tourism executes administrative shake-up
Tourism minister carrying out decisive administrative changes at four authorities
Crop Yield Prices Balancing Fund to be introduced
Crop Yield Prices Balancing Fund plan to be proposed to Cabinet
Currency exchange rates see relative stability after Eid El-Fitr break
By Waleed Abdel Azim The exchange rates of different currencies have stabilised during the Eid holiday and demand has not increased for any of the major currencies. The US dollar recorded a rate of 6.08, the Euro recorded a rate of 7.55 and the GB pound recorded a rate of 9.85 to the Egyptian pound. …
Minister of industry and Foreign Trade meets with Industries Union board
By Islam Serour Newly appointed Minister of Industry and foreign trade, Hatim Saleh, met with Industries Union (IU) board members, headed by Dr Galal el-Zorba, for the first time yesterday. The purpose of yesterday’s meeting was to outline the main problems the industrial sector is facing, and for the heads of different sectors of the …
Minister of Manpower gives focus to Cleopatra Ceramics controversy
The newly appointed Khaled Al-Azhary is meeting with business and workers to resolve the ongoing industrial dispute
Misr Real Estate Assets buys land worth EGP 300m from NBE and Banque Misr
By Asmaa Nabil Misr Real Estate Assets (MREA) has purchased 27.3 thousand metres of land from the National Bank of Egypt (NBE) and Banque Misr, valued at EGP 300 million. An official at Banque Misr said that MREA won the auction held last month for the two plots of land as part of plan to …
PM pressures El-Saeed to stay as Finance Minister
Hisham Qandil seeks re-appointing Momtaz El-Saeed.
Israel to vote on sweeping austerity measures
(AFP) – Ministers in Israel’s cabinet were on Monday preparing to vote on a package of sweeping economic austerity measures in a bid to cut the budget deficit, in a move expected to hit the underprivileged hard. Central to the plan is a hike in income tax and VAT, as well as a 700 million …
Pharmaceuticals pricing feud lingers
The Ministry of Health is reconsidering the minister’s resolution on the pricing of pharmaceuticals
Luxury goods buck economic slowdown
Paris (AFP) — Fuelled by surging demand in China, luxury goods makers are bucking the global economic slowdown and reaping huge profits on sales of high-end handbags, expensive jewellery and posh perfumes. Results for the first-half of 2012 released this week showed major brands, including world leaders LVMH, PPR and Luxottica with rising profits driven …