Business

Food prices rise in July

Food prices rise in July

The prices of food commodities rose in July in comparison to June, according to a monthly government report the Central…
Ambassador: Saudi Arabia will not end economic support for Egypt

Ambassador: Saudi Arabia will not end economic support for Egypt

Saudi Arabia will not halt its economic support of Egypt, Saudi Ambassador to Cairo Ahmed Qattan said Tuesday. The kingdom…
Egypt’s economy in bottle neck, says deputy prime minister

Egypt’s economy in bottle neck, says deputy prime minister

Egypt’s economy is in a bottle neck, said Deputy Prime Minister Hazem al-Beblawy on Monday. “It will be for a…
Demands to halt fodder exports to KSA and Jordan amidst skyrocketing prices

Demands to halt fodder exports to KSA and Jordan amidst skyrocketing prices

Fodder prices in Egypt have skyrocketed in recent months, leading to rising costs of milk and meat production, said Tarek…
American wheat accounts for 45% of govt wheat imports

American wheat accounts for 45% of govt wheat imports

American wheat accounts for 45 percent of all flour imported by the government so far in the fiscal year 2011/2012,…
Petrol on low supply

Petrol on low supply

Shortages in 80-octane petrol continued for the second week to the extent that it has almost vanished in the Nile…
Egypt stock market drops on concerns over diplomatic fallout with Israel

Egypt stock market drops on concerns over diplomatic fallout with Israel

Egypt’s stock market fell by more than 3 percent on Sunday as the country’s diplomatic tussle with neighboring Israel over…
Egypt’s Palm Hills slips into H1 net loss

Egypt’s Palm Hills slips into H1 net loss

Egyptian real estate firm Palm Hills Developments , the country's second-biggest developer, slipped to a 2011 second-quarter net loss, hit…
Former PM charged with selling state-owned land to Emirati company

Former PM charged with selling state-owned land to Emirati company

The administrative prosecution has begun investigations into a new charge leveled at former Prime Minister Ahmed Nazif, accusing him of…
One-third of household spending on education goes to private lessons

One-third of household spending on education goes to private lessons

A recent government study revealed that an average of 33 percent of household spending on education goes to private lessons,…
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