A supply ministry report submitted by Ouda forecasted that in 2013 Egypt would import around 9.4m tonnes of wheat, 7.3m tonnes of coarse grains, and 6.8m tonnes of rice, making the total imports for these products 23.4m tonnes: a 1.3% increase from 2012.
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Mohamed Elnawawy, managing director and CEO of te, explained that this new service will give the company a good opportunity to grow, adding that it will have a chance to compete in 85% of the market, from which they are currently excluded, with the mobile license.
In a sign of support to Egypt’s economy, which continues to reel from more than two years of unrest, Gulf states have pledged $12bn aid
Another series-inspired application is “Ramadan Series” which permits the downloader to watch the full episodes of over 30 shows from the 2013 Ramadan season.
Egyptian charitable organisation were also hit by the Egyptian economic crisis
Slashing energy subsidies is one of the requirements set by the International Monetary Fund (IMF)to secure the proposed $4.8bn loan package.
The project, whose budget is $300m, aims to construct wastewater treatment plants, collection networks, and decentralised treatment systems.
Egypt’s ailing economy a deciding factor in shaping interim government, led by former Finance Minister and his aid, economist Zeyad Baha El-Din
Daily News runs briefed profiles of potential heads of economic portfolios
The bank sent a letter to some of its SMEs business customers terminating the services it provides.
The research, titled The Illusion Dispelled, was focused on identifying the economic predicaments and policy shortcomings that lead to the national economic crisis.
Former members of Morsi’s government claim the country will need to import wheat in 2 months, yet many officials claim the reserves can last 5 months
Centamin produced 93,624 oz of gold for the second quarter in 2013, ending in June, bringing the total production so far to 180,640 oz.
Amazon, who launched its own app store in March 2011, was sued in the same month by the Apple alleging trademark violation and false advertising.
$12bn total aid pledged by Gulf states should assist Egypt’s beaten economy if properly used, experts say
Report cites poor health of manufacturing sector
“We are in the season of Umrah [a high travel season] and we are functioning properly,”
The fund’s account number, 306306, refers to 30 June,when massive protests led to the ouster of Mohamed Morsi,Egypt’s first elected president.
The Daily News Egypt spoke to Egyptian economy experts to gain their insight on how the new government should manage the current economic crisis.
Debt payment, fuel shortages, and stockpiling of food before Ramadan contribute to the drop
Bank of America Merrill Lynch Global Research described the transition in a report as having created a “concerning precedent, although the subsequent roadmap is broadly in line with demands from the secular opposition, in our view.”
Fund set up to commemorate Morsi’s ouster, help finance country’s ailing economy
Stickers are emotions that can be used in private messages, and they are available on the web as well as iOS and Android devices.
Speculations are growing that the international corporation may want to rely on Deneve’s expertise in the luxury goods sector to help launch the rumoured iWatch.
Low accommodation provides draw for foreign visitors
The worldwide gold market witnessed a sharp price decline since 17 June; average prices of the 24k ounce decreasing to EGP 8977.04 in 19 June.
The Begonia-1 well is the 25th discovery in Egypt since 2007
Ahead of massive opposition protests, streets in Cairo and elsewhere have cleared, offering a significant improvement in petrol station queues
Experts: Uncertainty has become the future of the Egyptian economy, A number of financial and economic advisers agree that President Mohamed Morsi’s decisions worsened the economy
Morsi’s presidential campaign included 13 pledges, in which stated that the productivity and nutritional value of flour would increase, which would standardise the weight and quality of the loaves
Former finance minister says that foreign debts are like “anaesthetic: they don’t solve the economic problems but they lessen the burden”