Business
Consumers suffer from scarce butane as black market prices soar
February 6, 2012
Consumers suffer from scarce butane as black market prices soar
Mona Farag stood quietly watching military and police beat some of the women around her, forcing them, with the sides…
Egypt woos tourists with incentives, promises of stability
February 6, 2012
Egypt woos tourists with incentives, promises of stability
Egypt announced on Monday that it will offer several unprecedented incentives through Egyptian hotels to attract tourists. Egypt's Ministry of Tourism…
World Bank says Egypt requested US$1bn loan
February 2, 2012
World Bank says Egypt requested US$1bn loan
The World Bank said on Thursday that Egypt has asked for a US$1 billion loan and it will launch talks…
Central Bank leaves interest rates steady
February 2, 2012
Central Bank leaves interest rates steady
The Central Bank left its benchmark overnight deposit and lending rates unchanged on Thursday, contrary to the forecasts of some…
Egypt market plunges after deadly football riots
February 2, 2012
Egypt market plunges after deadly football riots
Egypt's benchmark stock index plunged within minutes of the start of trade Thursday as deadly soccer riots the night before…
EU pledges US$650 million in aid to Egypt
February 1, 2012
EU pledges US$650 million in aid to Egypt
The European Union will give Egypt a financial aid package worth US$650 million, Egyptian Minister of Finance Momtaz al-Saeed said…
Direct foreign investments rise in first quarter of FY2011/12
February 1, 2012
Direct foreign investments rise in first quarter of FY2011/12
Direct foreign investments (FDI) in Egypt in the first quarter of fiscal year 2011/2012 have more than tripled, increasing by…
Govt: Poverty rate increased to 25.2 percent of population
January 31, 2012
Govt: Poverty rate increased to 25.2 percent of population
Egypt's poverty increased to encompass 25.2 percent of the population in 2010-2011 as compared to 21.6 percent in 2008-2009, the…
Minister: Canceling industrial zone agreement would harm Egypt
January 30, 2012
Minister: Canceling industrial zone agreement would harm Egypt
Canceling an agreement that allows companies to export products with Israeli components duty-free to the US would harm Egypt, Trade…
Government devises new economic reform program
January 29, 2012
Government devises new economic reform program
The government has put the final touches on a new economic reform program to resolve the current economic crisis. Government…