Business
Egypt’s economy slumps under weight of unrest
November 26, 2011
Egypt’s economy slumps under weight of unrest
Drivers passing Tahrir Square in downtown Cairo curse the protesters. On radio shows, callers question whether the youth activists and…
Badly hit, stock exchange strives to stay open amid unrest
November 23, 2011
Badly hit, stock exchange strives to stay open amid unrest
After falling more than 10 points this week, Egypt’s stock exchange is taking measures to ensure that it stays open…
LE90 billion in investments suspended due to upheavals, says ministry
November 22, 2011
LE90 billion in investments suspended due to upheavals, says ministry
A number of global companies have suspended some US$15 billion (LE90 billion) in investments because of the current political upheaval,…
Government assures supply of food, but not petroleum, available
November 22, 2011
Government assures supply of food, but not petroleum, available
Sufficient food is available in Egypt for the remainder of the transition period, said Fathy Abdel Aziz, head of the…
Four major tourist markets cancel Egypt flight bookings
November 22, 2011
Four major tourist markets cancel Egypt flight bookings
Travel agencies in four major markets for tourists have stopped booking flights to Egypt, an Egyptian tourism official said Tuesday.…
Egypt stock exchange halts trading due to political crisis
November 22, 2011
Egypt stock exchange halts trading due to political crisis
Egypt’s stock exchange says trading has been temporarily suspended amid an escalating political crisis and after the broader EGX100 index…
Money changers and jewelers mull closing down
November 21, 2011
Money changers and jewelers mull closing down
Fearing robbery, money changers and jewelers in the Cairo’s downtown district mulled closing their shops until order is restored to…
Sixty-three flights canceled amid Tahrir turmoil
November 21, 2011
Sixty-three flights canceled amid Tahrir turmoil
Sixty-three flights to and from Egypt have been canceled since Friday due to violence in downtown Cairo and around Egypt,…
Italy cancels Cairo-bound flights
November 21, 2011
Italy cancels Cairo-bound flights
Italy's main air travel company, Alitalia, canceled two flights to Egypt on Monday but did not give a reason for…
Finance minister: Egypt will accept IMF funding package
November 18, 2011
Finance minister: Egypt will accept IMF funding package
Egypt intends to accept a funding package of US$3.2 billion from the International Monetary Fund (IMF) it had rejected earlier…