Economy

In light of crisis, discount sales come early this year

In light of crisis, discount sales come early this year

From "50-percent-off" to "buy-one-get-one-free" deals, local retailers are scrambling to boost sales amid widespread financial difficulties associated with the unfolding…
New real estate law to tax the rich and punish evaders

New real estate law to tax the rich and punish evaders

A new real estate tax law currently being introduced will not impose a heavy burden on Egyptians, said Tarek Farag,…
2009 economy overview: Could have been worse

2009 economy overview: Could have been worse

2009 was a brutal economic year for most of the world, with markets in turmoil, mass layoffs and the specter…
Renault’s Logan sets out to capture Egyptian market

Renault’s Logan sets out to capture Egyptian market

The Logan may soon become the best selling car in Egypt. This sedan, which is manufactured in Morocco by the…
Potatoes spark export row

Potatoes spark export row

Some rotten potatoes are spoiling Egypt's trade relationship with Europe.By 2010, agricultural trade between Egypt and the European Union (EU)…
Football mania or advertising frenzy?

Football mania or advertising frenzy?

In the past several days, two battles have raged in Egypt. One was the national football team’s attempt to qualify…
Who you callin’ lazy?

Who you callin’ lazy?

In the actual city that never sleeps, 1 am traffic is not an uncommon sight on weekdays. Cairo’s main roads…
The Turks are back

The Turks are back

There was a time when Turkish products in Egypt were limited to the Paşabahçe glass products sold door-to-door – and…
Tourist numbers don’t add up

Tourist numbers don’t add up

This year could have been a banner year for Egyptian tourism. Cairo International Airport's new Terminal 3 opened in April,…
Tough times for car sales

Tough times for car sales

More cars are rolling down Cairo's crowded streets than ever before. Nevertheless, 2009 has proven to be a tough year…
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