economy

Foreign exchange reserves increase
Business

Foreign exchange reserves increase

Foreign exchange reserves increased by about US$685 million at the end of August after Qatar gave $500 million, the first…
Morsy rules out currency devaluation
Business

Morsy rules out currency devaluation

  Egypt's new president said on Monday he would not impose new taxes or devalue the country's currency and that…
Tunisia needs a revolution for economic integrity
Opinion

Tunisia needs a revolution for economic integrity

 Pictures of unemployed, self-immolated 26-year-old Mohammed Bouazizi line the offices of Tunisian officials, who emphasize a clear break with the…
Finance minister: Negotiations with IMF resumed for $3.2 billion loan
Egypt

Finance minister: Negotiations with IMF resumed for $3.2 billion loan

The government is in contact with the International Money Fund to resume negotiations on a US$3.2 billion loan to Egypt,…
New Cabinet no quick fix for flailing economy
Business

New Cabinet no quick fix for flailing economy

As Egypt's first permanent government since the overthrow of Hosni Mubarak took shape on Wednesday, the first names to emerge…
The souq is ours: Life after tourism in Aswan’s souq
Life & Style

The souq is ours: Life after tourism in Aswan’s souq

"If they were British, we said ‘Our shop is cheaper than Asda,’” says Haitham Ibrahim, as we stroll through Sharia…
Stock market rises Tuesday
Business

Stock market rises Tuesday

Egyptian stock market indices gained on Tuesday morning, encouraged by optimism following the announcement of the results from the presidential…
Morsy inherits presidency as Egyptian pound is at 7-year low
Business

Morsy inherits presidency as Egyptian pound is at 7-year low

CAIRO — Egypt's currency, the pound, weakened to its lowest against the US dollar in more than seven years on Sunday…
Ganzouri: Elections were honest, any rigging came from participants
Egypt

Ganzouri: Elections were honest, any rigging came from participants

“The elections were honest on the part of the state, and the rigging that happened was on the part of…
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