Business
57.5% of Egyptians do not make ends meet: Govt survey
March 4, 2013
57.5% of Egyptians do not make ends meet: Govt survey
A survey of Cabinet’s Information and Decision Support Center (IDSC) has shown that the incomes of 57.5 percent of Egyptian…
Egypt bans OCI founder, chairperson from travel
March 3, 2013
Egypt bans OCI founder, chairperson from travel
The prosecutor general’s office placed a travel ban on the founder of Orascom Constructions Industries Onsi Sawiris and his son,…
Stock market slightly rises at end of trading
March 3, 2013
Stock market slightly rises at end of trading
Egypt’s stock market rose slightly by the end of trading Sunday, the first session of the week, reversing the significant…
Egypt finance minister expects IMF loan before elections
March 3, 2013
Egypt finance minister expects IMF loan before elections
Finance Minister Morsy Hegazy said Sunday he expected his government to reach an agreement with the International Monetary Fund on…
Labor dispute resolution makes little headway for Ain Sokhna Port workers
March 1, 2013
Labor dispute resolution makes little headway for Ain Sokhna Port workers
Workers at Ain Sokhna Port returned to work last week, bringing to an end a two-week strike that resulted in…
Hours after 19 tourists die in Luxor, Tourism Ministry touts high tourist numbers in January
February 28, 2013
Hours after 19 tourists die in Luxor, Tourism Ministry touts high tourist numbers in January
Just hours after 19 tourists died in Luxor in a hot air balloon crash, the Tourism Ministry released a report…
EGX shares market value falls LE700 million
February 28, 2013
EGX shares market value falls LE700 million
Shares were down overall by the end of trading Thursday on the Egyptian Stock Exchange. The EGX30, the exchange’s main…
Egypt hopes for IMF deal by late April, minister says
February 28, 2013
Egypt hopes for IMF deal by late April, minister says
Egypt hopes to conclude a deal with the International Monetary Fund for a $4.8 billion loan by the end of…
Flour subsidies at stake as bakers plan mass strike
February 28, 2013
Flour subsidies at stake as bakers plan mass strike
A meeting Thursday between government officials and bakery owners has temporarily averted a mass strike planned for Friday. Bakery owners…
Cement price bump prompts monopoly allegations
February 27, 2013
Cement price bump prompts monopoly allegations
A recent rise in cement prices has raised a red flag for Egypt's Consumer Protection Agency amid increased production and…