economy

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…
Egypt’s inflation eases slightly in June on food prices
Business

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

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

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

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

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

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

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

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…
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