Business
Egypt’s unemployment rate rises to 12.4%
February 18, 2012
Egypt’s unemployment rate rises to 12.4%
Egypt's fourth quarter unemployment rate rose by two percentage points from the previous quarter, the government’s statistics office said on…
Egypt’s GASC buys 180,000 tons US wheat
February 16, 2012
Egypt’s GASC buys 180,000 tons US wheat
Egypt, the world's largest wheat importer, has bought 180,000 tons of US soft red winter wheat for 11-20 April shipment…
Steel and cement prices rise in January
February 15, 2012
Steel and cement prices rise in January
The prices of steel and Portland cement rose in January by around 2 percent and 11 percent, respectively, compared to…
Government prepares to sell US$2 bn in Islamic bonds, says scholar
February 14, 2012
Government prepares to sell US$2 bn in Islamic bonds, says scholar
The government, seeking to head off a funding crisis, is preparing to raise about US$2 billion through its first issue…
Stock exchange asks OTMT for details on Mobinil deal
February 14, 2012
Stock exchange asks OTMT for details on Mobinil deal
Egypt’s stock exchange has asked Orascom Telecom Media and Technology for more details on a deal for France Telecom to…
Looming devaluation of Egyptian pound may have lasting effects
February 13, 2012
Looming devaluation of Egyptian pound may have lasting effects
With a loan deal between Egypt and the International Monetary Fund still uncertain and foreign investors still wary of returning,…
Orascom Telecom to pay dividend from Mobinil proceeds
February 13, 2012
Orascom Telecom to pay dividend from Mobinil proceeds
Egypt's Orascom Telecom Media Technology (OTMT) said on Monday it would give shareholders much of the US$1 billion it stands…
Bloomberg: Egypt to offer US$2.5 bln in bonds
February 13, 2012
Bloomberg: Egypt to offer US$2.5 bln in bonds
In two weeks, the Egyptian government will offer bonds worth US$2.5 billion, Bloomberg News Network reported on Monday. In the…
US Chamber of Commerce supports reducing Egypt’s debt
February 13, 2012
US Chamber of Commerce supports reducing Egypt’s debt
An official from the US Chamber of Commerce in Cairo on Sunday called for a campaign to reduce Egypt’s…
In the dangerous profession of brick-making, talk of organizing
February 13, 2012
In the dangerous profession of brick-making, talk of organizing
About 1 million workers employed in Egypt’s brick-manufacturing industry face constant threats of unemployment, exploitation, serious injury, illness and…