economy

Cairo’s black market meat
Egypt

Cairo’s black market meat

Al-Masry Al-Youm's caught large amounts of subsidized meat being smuggled from state cooperative stores in Cairo.Workers say meat smuggling occurs…
Saudi Prince Talal on Toshka and Egyptian heritage
Egypt

Saudi Prince Talal on Toshka and Egyptian heritage

Saudi billionaire Prince Walid Bin Talal said he is not withdrawing his investments from the Toshka Project, but will examine…
A night alongside Amonsito workers on the sidewalk
Egypt

A night alongside Amonsito workers on the sidewalk

As the Shura Council's lights are turned off at 12:50 AM, Amonsito workers know it's time to sleep after another…
Govt to encourage investment in Sinai
Business

Govt to encourage investment in Sinai

Minister of Agriculture and Land Reclamation Amin Abaza announced that the government will allow Egyptian investors to begin agricultural projects…
Egypt’s political stability turning to liability?
Egypt

Egypt’s political stability turning to liability?

Egypt's calcified politics has long been judged an asset in a turbulent region but as President Hosni Mubarak ages in…
Egypt eyes European bond market
Business

Egypt eyes European bond market

CAIRO-Egypt plans to tap the Eurobond market for $1 billion-1.5 billion in seven to eight weeks, its first such issue…
Egypt should stand ready to raise rates, IMF says
Business

Egypt should stand ready to raise rates, IMF says

Egypt should be prepared to raise interest rates if inflation does not abate and should work to cut its budget…
Sources: Algeria govt wants Orascom Telecom to leave
Business

Sources: Algeria govt wants Orascom Telecom to leave

Algiers-- The Algerian government wants Egyptian group Orascom Telecom to relinquish its stake in Algeria's number one mobile telephone operator,…
English-language press review: Toyota recall, Afghanistan offensive, Iraqi elections
Egypt

English-language press review: Toyota recall, Afghanistan offensive, Iraqi elections

American and British newspapers extensively covered over the past week Toyota’s massive vehicle recall, the biggest NATO offensive in Afghanistan…
CAPMAS: Inflation up 13.6% in January
Business

CAPMAS: Inflation up 13.6% in January

In a statement Wednesday, Abu Bakr el-Guindi, president of the state-run Central Agency for Public Mobilization and Statistics (CAPMAS), noted…
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