economy

Finance minister: No more privatization or nationalization
Business

Finance minister: No more privatization or nationalization

The government will no longer privatize government-owned companies or nationalize private ones, said Finance Minister Hazem al-Beblawy in a press…
Brotherhood splinter party issues founding statement
Egypt

Brotherhood splinter party issues founding statement

“Egypt is Arab by affiliation, Islamist by culture and civil by inclination,” reads the founding statement of the Riyada (Pioneer)…
Dear Washington: We’ve had a revolution
Opinion

Dear Washington: We’ve had a revolution

It seems that many American policy-makers and think tanks are unaware that Egypt has had a revolution. Even after the…
Foreign direct investment falls by 75%
Business

Foreign direct investment falls by 75%

Foreign direct investment fell by 75.1 percent in the first quarter of 2011 compared to the last quarter of 2010,…
Steel rebar prices increased 11.8% in June
Business

Steel rebar prices increased 11.8% in June

Steel rebar prices increased by 11.8% in June, reaching an average of LE5257 per ton, compared to just LE4699 at…
Airport arrivals, departures rebound to pre-revolution rates
Egypt

Airport arrivals, departures rebound to pre-revolution rates

The number of arrivals and departures through Cairo International Airport has returned to its normal rate, an airport source said…
New finance minister promises maximum wage for public sector
Egypt

New finance minister promises maximum wage for public sector

Egypt's newly-appointed minister of finance, Hazem al-Beblawy, vowed on Sunday to set a maximum for public sector wages to bridge…
DARE’n’DEAL takes lead in online group-buying market
Life & Style

DARE’n’DEAL takes lead in online group-buying market

The burgeoning market for group-buying discounted products over the internet has given rise to companies like DARE’n’DEAL, which has recently…
Child labor in Egypt estimated at over 1.5 million
Egypt

Child labor in Egypt estimated at over 1.5 million

Abu Bakr al-Guindy, director of the Central Agency for Public Mobilization and Statistics, said Thursday that there are 1.594 million…
Can the return of stolen public funds aid the ailing economy?
Business

Can the return of stolen public funds aid the ailing economy?

As Egypt’s economy sputters through the first post-Mubarak months, many continue to complain about the ousted officials who are still…
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