economy
US senator Kerry: Economy is Egypt’s main problem
Egypt
December 11, 2011
US senator Kerry: Economy is Egypt’s main problem
CAIRO — Egypt urgently needs a massive cash injection and should strike a deal with the International Monetary Fund as…
Egypt pound falls to weakest in almost 7 years
Business
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…
Egypt’s economy slumps under weight of unrest
Business
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…
Competition authority investigates CEMEX on monopoly charges
Business
November 18, 2011
Competition authority investigates CEMEX on monopoly charges
The Egyptian Competition Authority (ECA) has started investigating reports from traders accusing CEMEX, Assiut Cement Company of monopolistic practices, said…
New threat to bailout as Greek right rejects more austerity
World
November 15, 2011
New threat to bailout as Greek right rejects more austerity
ATHENS — Greece's conservatives vowed on Monday to reject any new austerity measures in return for the aid that is…
Suez Canal October revenue up US$447.9 million
Business
November 15, 2011
Suez Canal October revenue up US$447.9 million
Revenue from Egypt's Suez Canal rose 4.8 percent from a year earlier to US$447.9 million in October, up 2.2 percent…
Travel official draws up plan to rescue tourism
Egypt
November 14, 2011
Travel official draws up plan to rescue tourism
The head of Egypt's travel agencies chamber, Hossam al-Sha'er, said he has drawn up a plan to get tourism back…
Q&A: Damietta security chief on current crisis
Egypt
November 14, 2011
Q&A: Damietta security chief on current crisis
Protests continue in the Damietta area after a man was killed yesterday and several injured in clashes with military forces…
World Bank officials to visit Egypt again over borrowing
Egypt
November 14, 2011
World Bank officials to visit Egypt again over borrowing
World Bank officials plan to visit Cairo to examine the possibility of giving loans to Egypt, said Vakhtang Lejava, a…
Telecom Egypt Q3 net profit drops 21 pct
Business
November 14, 2011
Telecom Egypt Q3 net profit drops 21 pct
Land-line monopoly Telecom Egypt posted a 21 percent drop in third-quarter net profit on Monday as it continues to suffer…