Geithner visit to Germany sparks euro hopes
Brelin (AFP) — The top US finance official began meetings with his German counterpart and the head of the European Central Bank Monday, fuelling hopes Europe is readying decisive action…
Petroleum Minster stresses subsidies’ rationalisation
By Ahmed Mokhtar Abdullah Ghorab, Minister of Petroleum and Mineral Resources, has said that the petroleum sector was able to persevere and see some success, despite the difficulties that have faced…
Government instates 15% raise for non-public sector employees
By Mahmoud Salah El-Din The government has instituted a 15% salary raise for the employees of the private sector, non-governmental organisations, and private institutions as of July 1. The raise…
Organisation for Mining Revival requests $100m to support study on mineral resources
By Nihal Mounir The Organization for Mining Revival (OMR) has submitted an urgent memorandum to Dr FayzaA boul Naga, Minister of Planning and International Cooperation, requesting $100 million in foreign…
IT idea incubator targets launching 20 companies annually
By Mohamed Alaa El-Din Flat6Labs has marketed five companies from among 12 that graduated from the last two rounds of its investment programs. Investments in the five companies equalled…
IT specialists call on government to address ‘electronic waste management’
By Mohamed Fawzy Specialists have confirmed the current timing proposing a technical report on the Electronics Waste Management Administrationis appropriate, saying that the proposal should be included in a comprehensive…
EGX30 jumps nearly100 points
By Fatheya El-Garhy The market has reacted positively to the decision to delay the ruling on the legality of the Constituent Assembly. Buying power increased in the market leading to…
Customs to impose stricter oversight on maritime ports
By Islam Zayed The Egyptian Customs Authority (ECA) recently scrutinised the status of 740 Chinese companies. The authority had issued a decision banning the companies’ products from entering Egypt because…
Saudi Arabia blogger released after spending a year in prison without charges
Saudi authorities release Nazir Al-Majid, a year after detaining him
Al-Bashir declines invitation to meet with Kiir
Al Bashir turns down an invitation to meet the South Sudanese president