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Egypt Ghali: Extra spend to be off budget PDF Print E-mail
Written by Egypt News   
Thursday, 29 October 2009
Egyptian Finance Minister Boutros Ghali
Egypt's Finance Minister Boutros Ghali

Egyptian Finance Minister Boutros Ghali announced that Egypt plans to spend an additional EGP10bn ($1.8bn) would not increase the deficit target as any extra funds would be off-budget

Ghali said "The budget target is not changed," adding that "Additional spending is by economic authorities out of their own resources."


 
Egypt to export up to 600,000T rice PDF Print E-mail
Written by Egypt News   
Thursday, 29 October 2009
Egyptian Minister of Trade Rachid Mohamed Rachid
Rachid Mohamed Rachid
Egyptian Minister of Trade
Egyptian Minister of Trade Rachid Mohamed Rachid announced that Egypt will export 400,000 to 600,000 tonnes of rice in the current season depending on supply and demand

Rachid said last week the country would cap its rice exports at 100,000 tonnes per month, with each licence in a closed envelope bidding process limited to 34,000 tonnes. The rice season in Egypt begins in late August or early September.

 
Egypt seeks more investment by India PDF Print E-mail
Written by Egypt News   
Thursday, 29 October 2009
Egypt has invited Indian investment in the country particularly in infrastructure projects to achieve a high growth rate and secure more jobs for its youth
 
Egypt to sell stakes in state firms PDF Print E-mail
Written by Egypt News   
Thursday, 29 October 2009
Egyptian Investment Minister Mahmoud Mohieldin
Egypt's Investment Minister Mahmoud Mohieldin
Egyptian Investment Minister Mahmoud Mohieldin announced Wednesday that the ministry has drawn up a plan to sell stakes of up to 49 percent in selected state-owned firms but is in no hurry to offload the assets

Middle East Investment Summit that the state's portfolio of 150 firms was now turning a profit, earning the government more than 5.1 billion Egyptian pounds ($930 million) in 2007/08, said Mohieldin.

 
Sixteen firms buy Egypt telco licence bid docs PDF Print E-mail
Written by Egypt News   
Thursday, 29 October 2009
Sixteen firms have bought bid documents for Egypt's new telecom licences, the industry regulator said on Wednesday, with one official describing the tenders as just a first step to further liberalisation.
 
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Cairo Cinema

Adrenalin
 This is It
Egyptian Adrenalin Movie This is It movie for Michael Jackson
Lieutenant colonel Mahmoud Abul-Leil discovers a disfigured anonymous corpse and leads a team of investigators to solve the murder
 Michael Jackson’s This is It will offer Jackson fans and music lovers worldwide a rare, behind-the-scenes look at the performer as he developed
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