Business
Egypt pound strengthens at central bank currency sale
July 8, 2013
Egypt pound strengthens at central bank currency sale
The Egyptian pound strengthened at a central bank sale of foreign exchange on Monday, hours after violence broke out between…
Stock market down 3.5% as violence flares
July 8, 2013
Stock market down 3.5% as violence flares
Egyptian stocks saw a steep decline on Monday against the backdrop of violence between the army and supporters of the…
US stocks lower on Egypt, China concerns
July 3, 2013
US stocks lower on Egypt, China concerns
NEW YORK CITY- US stocks Wednesday looked past solid US employment data and opened lower on concerns about Egypt and…
Oil prices jump amid bloodshed in Egypt
July 3, 2013
Oil prices jump amid bloodshed in Egypt
SINGAPORE - Oil prices rose sharply in Asian trade Wednesday on growing concerns that the escalating political crisis in Egypt…
Tourism increases by 14.6 percent in May 2013
July 2, 2013
Tourism increases by 14.6 percent in May 2013
The number of tourists in May increased by 14.6 percent, reaching one million, compared to 800,000 tourists in May 2012,…
Egyptian stock market rises 4.9% after army ultimatum
July 2, 2013
Egyptian stock market rises 4.9% after army ultimatum
The Egyptian stock market was bolstered by heavy buying by Egyptian investors, earning LE11.5 billion after the Armed Forces issued…
Cash withdrawals increase amid anti-Morsy protests
June 30, 2013
Cash withdrawals increase amid anti-Morsy protests
An increase in cash withdrawals has led many ATMs to run out of money, especially in the downtown area and…
Egypt protests could heap pressure on beleaguered currency
June 28, 2013
Egypt protests could heap pressure on beleaguered currency
Egypt's central bank faces an uphill task keeping the country's currency stable if mass anti-government protests planned over the coming…
The performance of the Egyptian economy under Morsy
June 25, 2013
The performance of the Egyptian economy under Morsy
Mohamed Morsy, Egypt's first elected president since the 25 January 2011 uprising, has been in power for 12 months. His…
Cabinet: Lower foodstuff prices during Ramadan
June 19, 2013
Cabinet: Lower foodstuff prices during Ramadan
Cabinet spokesperson Alaa al-Hadidy on Wednesday announced a 15 percent reduction in the prices of certain consumer goods during the…