Business
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…
Government may raise dollar supply before 30 June
June 17, 2013
Government may raise dollar supply before 30 June
The Central Bank of Egypt (CBE) will likely hold an auction to sell dollars to local banks before 30 June,…
Customs revenues hit LE14 billion, says finance minister
June 17, 2013
Customs revenues hit LE14 billion, says finance minister
Finance Minister Fayyad Abdel Moneim said Monday that customs revenues hit LE14.15 billion between July 2012 and May 2013. LE1.019…
Egypt in late stages of verifying IMF reform plan
June 15, 2013
Egypt in late stages of verifying IMF reform plan
Egypt's government is in the late stages of verifying its economic reform programme with the International Monetary Fund (IMF) before…