Egypt's reshuffled cabinet will not be sworn in until Prime Minister Essam Sharaf recovers from a drop in blood pressure and returns to work, cabinet sources told Reuters on Tuesday.
About 15 new ministers were supposed to take the oath o
An Egyptian court on Tuesday cleared the chairman of real estate developer Palm Hills and the former housing minister Ahmed el-Maghrabi of corruption charges in a state land sale.
Palm Hills, Egypt's second-biggest listed developer,
Egypt's Finance Minister Samir Radwan said on Thursday the economy may grow as slowly as 3 percent in the year to the end of June if production does not get back on track.
"Our estimates in the Finance (Ministry) current
Egypt's central bank said it would would limit cash withdrawals by individuals but allow unlimited transfers abroad when banks reopen on Sunday after a week-long closure.
With no resolution in sight after 10 days of violence on the streets
Egypt has formed its new cabinet and replaced the finance minister, who was popular with foreign investors, and the interior minister, who protesters reviled due to police handling of demonstrations, sources said on Monday.
Egyptian demonstrators fought security forces into the early hours of Friday in the city of Suez, and the Internet was blocked ahead of the biggest protests yet planned against President Hosni Mubarak's 30-year rule.
Emboldened by this mon
Egypt will let 6 million state employees borrow against their salaries in a move designed to stimulate the economy, Al-Akhbar newspaper reported on Wednesday, citing an unnamed Ministry of Finance official.
Under the programme, empl
Satellite broadcast firms in Egypt said the telecoms regulator has stopped them from offering live feeds to private TV channels, a move that government critics see as a crackdown on independent media before a November election.
Egypt's gross domestic product increased by an annualised 5.1 percent in the three months to end-December, led by technology, construction and hotels and restaurants, the cabinet said.
The economy grew 4.9 percent in the previous quarter w