economy
Egypt’s inflation eases slightly in June on food prices
Business
July 10, 2011
Egypt’s inflation eases slightly in June on food prices
Egyptian inflation in the year to June eased slightly on the back of lower food prices from a year earlier,…
Egypt urges Egyptian expats to support economy
Business
July 10, 2011
Egypt urges Egyptian expats to support economy
The Ministry of Foreign Affairs has urged Egyptian citizens abroad to support Egypt's economy through directing investments to development projects.…
CBE: June cash reserve losses total US$700mn
Business
July 4, 2011
CBE: June cash reserve losses total US$700mn
Egypt's cash reserve lost US$700 million in June. By the end of the month it was $26.5 billion, compared to…
Egypt discovers three new Gaza tunnels
Egypt
June 27, 2011
Egypt discovers three new Gaza tunnels
Egyptian authorities on Monday discovered three underground tunnels on the borders with the Palestinian Gaza Strip. The discovery came as…
Cabinet approves draft state budget
Business
June 22, 2011
Cabinet approves draft state budget
The cabinet on Wednesday approved the draft state budget for the 2011/2012 fiscal year, prior to sending it to the…
Egypt’s economic growth rate drops to -4.2%
Business
June 12, 2011
Egypt’s economic growth rate drops to -4.2%
Planning and International Cooperation Minister Faiza Abul Naga said at a press conference on Sunday that the economic growth rate…
Food prices increased over 8 percent last week
Business
June 12, 2011
Food prices increased over 8 percent last week
Last week, the Egyptian market experienced an 8 to 11 percent increase in the price of foodstuffs such as rice,…
PM pledges major national projects to attract investments
Egypt
June 12, 2011
PM pledges major national projects to attract investments
Egypt's interim Prime Minister Essam Sharaf declared on Saturday that his government has drawn up a number of major projects…
Analysts, business leaders critical of tax revisions
Business
June 10, 2011
Analysts, business leaders critical of tax revisions
Caught between a capitalist logic to encourage investments in a slowing economy, and a revolutionary reality that demands immediate attention…
Egypt’s new budget falls short of hopes
Business
June 8, 2011
Egypt’s new budget falls short of hopes
When Finance Minister Samir Radwan announced earlier this week the interim government’s budget proposals for the coming fiscal year, he…