Business
Stock Exchange employees postpone planned strike action
December 13, 2011
Stock Exchange employees postpone planned strike action
Employees of the Egyptian Stock Exchange have postponed a strike slated for Thursday until after they have met with the…
EgyptAir owes Petroleum Ministry LE1 billion, says minister
December 13, 2011
EgyptAir owes Petroleum Ministry LE1 billion, says minister
EgyptAir owes the Petroleum Ministry some LE1 billion, Civil Aviation Minister Hussein Massoud said at a press conference on Tuesday.…
Investment in Egypt risky, says EU Commission official
December 13, 2011
Investment in Egypt risky, says EU Commission official
European experts have warned of investment risks in Egypt, as the economy has been hit by numerous labor and political…
Egypt 2011 tourism revenues down by a third
December 13, 2011
Egypt 2011 tourism revenues down by a third
Egypt expects to earn about US$9 billion from tourism in 2011, down by about a third on a year earlier…
Saudi’s Savola takes full control of 2 Egypt firms
December 13, 2011
Saudi’s Savola takes full control of 2 Egypt firms
JEDDAH — Saudi food group Savola has bought the remaining 22 percent stakes in two Egyptian companies it acquired in…
European wheat firm with U.S., Egypt tender eyed
December 13, 2011
European wheat firm with U.S., Egypt tender eyed
PARIS — European wheat futures rose as U.S. grains and wider markets steadied after day-earlier losses, with European wheat also…
Egypt’s Suez Canal November revenue US$435.5mn
December 12, 2011
Egypt’s Suez Canal November revenue US$435.5mn
Revenue from Egypt's Suez Canal rose 5.5 percent on a year earlier to US$435.5 million in November, but down 2.8…
Will liberal parties be able to influence economic policy?
December 11, 2011
Will liberal parties be able to influence economic policy?
Despite their modest gains in the first round of elections, liberal parties could still play an influential role in setting…
Officials pledge to end butane shortage
December 10, 2011
Officials pledge to end butane shortage
Officials on Saturday said that the current shortage of the butane gas cylinders is being addressed government measures to provide…
Egypt inflation rises to 9.1 percent in November
December 10, 2011
Egypt inflation rises to 9.1 percent in November
Egypt’s inflation accelerated on rising food prices in November to reach an annual rate of 9.1 from 7.1 percent in…