Business
International prices of commodities continue to soar
April 9, 2011
International prices of commodities continue to soar
The international prices of basic commodities have continued to rise, nudging close to, and in some instances surpassing, prices witnessed…
Egypt halts Japanese imports due to radiation risk
April 8, 2011
Egypt halts Japanese imports due to radiation risk
The Egyptian cabinet has halted Japanese imports including food, produce, scrap metal, and used car parts because of the risk…
International report puts Egypt on maritime transport black list
April 8, 2011
International report puts Egypt on maritime transport black list
The International Maritime Organization ranked Egypt one of the most dangerous countries for maritime transport in a recent report. The…
Govt puts Egyptian labor force at 25 million
April 5, 2011
Govt puts Egyptian labor force at 25 million
The Egyptian labor force in 2010 reached 25.3 million, of whom 23.4 percent were women, says a report issued on…
Bankers predict further decline in foreign reserves
April 5, 2011
Bankers predict further decline in foreign reserves
Experts have predicted a further decline in the Central Bank’s international reserves by the end of April, having reached US$30.1…
Sugar reserve sufficient till October, Egypt says
April 4, 2011
Sugar reserve sufficient till October, Egypt says
Egypt has enough sugar reserves for local consumption until October, Egypt's chambers of commerce announced on Monday. Ahmed al-Wakeel, head…
Traffic resumes in Suez Canal as grounded ship is moved
April 3, 2011
Traffic resumes in Suez Canal as grounded ship is moved
Traffic through Egypt's Suez Canal resumed Sunday evening; it had been partially disrupted for a period of three hours due…
Foreign investment losses estimated at US$7.5 billion
April 3, 2011
Foreign investment losses estimated at US$7.5 billion
Central Bank Governor Farouk al-Oqda has estimated the total foreign investment withdrawn from Egyptian treasury bonds and bills between 20…
Egyptian stocks advance after 22% plunge
April 3, 2011
Egyptian stocks advance after 22% plunge
Egypt stocks climbed to the highest level since January, led by Six of October Development & Investment (OCDI) Co., on…
Suez Canal disrupted as ship runs aground
April 3, 2011
Suez Canal disrupted as ship runs aground
Traffic through Egypt's Suez Canal was disrupted after a 42,000-ton container ship ran aground on Sunday due to engine failure,…