global financial crisis

After G20 stalemate, focus turns to signs of growth momentum
Business

After G20 stalemate, focus turns to signs of growth momentum

Investors worried about the risk of a new global recession are hoping that data over the coming week will show…
Labor organization: Egypt among Arab nations most affected by financial crisis
Business

Labor organization: Egypt among Arab nations most affected by financial crisis

Egypt is among the Arab countries most affected by the global financial crisis, according to a report from the Arab…
Economists fear impact of Egypt pound’s slide against dollar
Business

Economists fear impact of Egypt pound’s slide against dollar

After declining sharply since mid-July, the Egyptian pound fell to 5.69 against the US dollar on Wednesday, representing its lowest…
CBE: Overseas investment by Egyptian banks decline sharply
Business

CBE: Overseas investment by Egyptian banks decline sharply

Overseas investment made by Egyptian banks dwindled in the first half of 2010 by nearly 22.7 percent, with a nearly…
CAPMAS: 2.3 million Egyptians suffer from unemployment
Egypt

CAPMAS: 2.3 million Egyptians suffer from unemployment

Official statistics agency CAPMAS announced Thursday that the national unemployment rate had fallen from 9.12 percent of the population in…
Gold hits US$1220 per ounce on fears of slow global recovery
Business

Gold hits US$1220 per ounce on fears of slow global recovery

Gold prices broke the US$1220-per-ounce mark on European markets on Monday, representing their highest level since early July.
Finance mulls duties on car guarantees
Business

Finance mulls duties on car guarantees

The Finance Ministry is thinking about levying customs duties on imported car guarantees, according to sources at the automobiles department…
Minister: Economy better since global crisis
Business

Minister: Economy better since global crisis

Economic Development Minister Othman Mohamed Othman at a press conference on Thursday said the Egyptian economy had improved since the…
Minister: Property investments unscathed by global crisis
Business

Minister: Property investments unscathed by global crisis

In a speech before the Al-Ahram International Conference for Real Estate Investment, Housing Minister Ahmed el-Maghraby on Wednesday said that…
Sudan national carrier to sell 70% stake
Business

Sudan national carrier to sell 70% stake

The Kuwaiti AREF investment group and the Sudanese Al-Fayhaa Company, which together own 70 percent of Sudanese national carrier Sudan…
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