Business
Government report: Egypt’s wheat production in decline
November 30, 2011
Government report: Egypt’s wheat production in decline
Egypt's wheat production from the fiscal year 2009 to 2010 declined by 15.8 percent from the year before to reach…
Egypt pound falls to weakest in almost 7 years
November 29, 2011
Egypt pound falls to weakest in almost 7 years
CAIRO — The Egyptian pound was bid as weak as 6.0036 to the US dollar on Tuesday, its lowest in…
Hungary, Bulgaria may become Egyptian wheat exporters
November 27, 2011
Hungary, Bulgaria may become Egyptian wheat exporters
The Egyptian government is mulling adding Hungary and Bulgaria to its official list of wheat providers, according to official sources.…
Egypt keeps central bank governor for third term
November 26, 2011
Egypt keeps central bank governor for third term
Egypt's ruling military council has decided to keep Central Bank governor Farouk al-Okdah in office for a third four-year term,…
Egypt’s economy slumps under weight of unrest
November 26, 2011
Egypt’s economy slumps under weight of unrest
Drivers passing Tahrir Square in downtown Cairo curse the protesters. On radio shows, callers question whether the youth activists and…
Badly hit, stock exchange strives to stay open amid unrest
November 23, 2011
Badly hit, stock exchange strives to stay open amid unrest
After falling more than 10 points this week, Egypt’s stock exchange is taking measures to ensure that it stays open…
LE90 billion in investments suspended due to upheavals, says ministry
November 22, 2011
LE90 billion in investments suspended due to upheavals, says ministry
A number of global companies have suspended some US$15 billion (LE90 billion) in investments because of the current political upheaval,…
Government assures supply of food, but not petroleum, available
November 22, 2011
Government assures supply of food, but not petroleum, available
Sufficient food is available in Egypt for the remainder of the transition period, said Fathy Abdel Aziz, head of the…
Four major tourist markets cancel Egypt flight bookings
November 22, 2011
Four major tourist markets cancel Egypt flight bookings
Travel agencies in four major markets for tourists have stopped booking flights to Egypt, an Egyptian tourism official said Tuesday.…
Egypt stock exchange halts trading due to political crisis
November 22, 2011
Egypt stock exchange halts trading due to political crisis
Egypt’s stock exchange says trading has been temporarily suspended amid an escalating political crisis and after the broader EGX100 index…