Business
Egypt’s stocks drop after anti-military protest
July 25, 2011
Egypt’s stocks drop after anti-military protest
Egyptian stocks fell to the lowest in more than a week after clashes that erupted in central Cairo between supporters…
Minimum wage to be implemented in August
July 25, 2011
Minimum wage to be implemented in August
The new minimum wage will be implemented in August, Egypt's Finance Ministry said on Monday. State employees who receive a…
Local gold prices increase by LE2
July 25, 2011
Local gold prices increase by LE2
Local market prices for gold increased by LE2 per one gram in the aftermath of the financial crisis that hit…
Prices rise ahead of Ramadan
July 23, 2011
Prices rise ahead of Ramadan
Prices of several food products have risen ten days before the start of Ramadan, according to commerce chamber reports. Khaled…
Tourism minister: Mubarak in Sharm el-Sheikh ‘high risk’
July 22, 2011
Tourism minister: Mubarak in Sharm el-Sheikh ‘high risk’
Minister of Tourism Mounir Fakhri Abdel Nour announced Friday that he has asked the government to carry out the trial…
Aviation workers threaten to strike and partially close airspace
July 21, 2011
Aviation workers threaten to strike and partially close airspace
Dozens of aviation workers continued their protest at Cairo International Airport Thursday to demand the sacking of the head of…
Egypt keeps interest rates unchanged at 8.25%
July 21, 2011
Egypt keeps interest rates unchanged at 8.25%
Egypt’s central bank kept its benchmark interest rate at the lowest level in more than four years with the aim…
Egyptian stocks slip on non-Arab selling
July 21, 2011
Egyptian stocks slip on non-Arab selling
For the third day in a row, Egypt's main index was in the red on Thursday on non-Arab selling, traders…
Egypt’s Eastern Co. profit falls 26 pct to $105 million
July 21, 2011
Egypt’s Eastern Co. profit falls 26 pct to $105 million
Egypt's Eastern Company posted a net profit of LE631 million (US$105.9 million) for the full year to the end of…
Through transition, Central Bank seeks stability, maintains secrecy
July 21, 2011
Through transition, Central Bank seeks stability, maintains secrecy
The events of the past six months have shaken Egypt’s economy, drying up tourism and leaving international investors leery. But…