economy

Telecom Egypt CEO denies regional expansion plans
Business

Telecom Egypt CEO denies regional expansion plans

Telecom Egypt has no plans to expand elsewhere in the region for now, its chief executive said on Thursday after…
Egypt pound weakens to fresh 3-1/2 year low
Business

Egypt pound weakens to fresh 3-1/2 year low

The Egyptian pound traded as low as 5.7360 to the dollar on Tuesday, a new three and a half year…
Egypt firm sees private education revenues up
Business

Egypt firm sees private education revenues up

Cairo for Investment and Real Estate Development, which builds and runs schools, said it expects revenues to hit LE100 million…
Oxfam: Israeli policies damaging to the Palestinian olive oil industry
Egypt

Oxfam: Israeli policies damaging to the Palestinian olive oil industry

The Israeli occupation of the West bank and siege of Gaza are seriously harming Palestinian olive oil production which contributes…
Iran exports first petrochemicals to Egypt
Business

Iran exports first petrochemicals to Egypt

Tehran--An Iranian official has said that Tehran has exported its petrochemicals to Egypt, a country with which it has still…
Sharp rise in Israeli tourism coupled with sharper decline in Algerian visitors, report says
Business

Sharp rise in Israeli tourism coupled with sharper decline in Algerian visitors, report says

Egyptian Ministry of Tourism statistics reveal a 12.6 percent increase in the number of Israeli tourists visiting Egypt between 2009…
Political ambiguity may push Egyptian pound down
Business

Political ambiguity may push Egyptian pound down

Egypt's currency seems unlikely to rebound substantially from 3-1/2 year lows any time soon because investor appetite for Egyptian assets…
The poor man’s government
Opinion

The poor man’s government

Since the bellies of those working in our government are full, they no longer care about the hungry in this…
FAO: Wheat prices not yet a threat to inflation
Business

FAO: Wheat prices not yet a threat to inflation

Milan--World wheat price rises are not yet sufficient to trigger global food inflation, an economist at the UN Food and…
Historic heat to hit Russian growth, fires rage
World

Historic heat to hit Russian growth, fires rage

Moscow--Russia's deadly summer heatwave could wipe up to US$14 billion off economic growth, economists said on Tuesday, as wildfires raged…
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