Business
Foreign investment in communications declines amid unrest
February 7, 2011
Foreign investment in communications declines amid unrest
Current events in Egypt have caused some foreign companies to refrain from investing in Egypt, while other communication centers have…
Central Bank of Egypt: Losses caused by protests not calculated
February 6, 2011
Central Bank of Egypt: Losses caused by protests not calculated
The vice-president of the Central Bank of Egypt (CBE), Hisham Ramez, has said it is too early to gauge the…
Egypt tourist industry workers suffer unpaid leave amid vanished tourism
February 6, 2011
Egypt tourist industry workers suffer unpaid leave amid vanished tourism
Tourist resorts, hotels and tourism companies in Red Sea governorates granted 90 percent of workers open-ended periods of leave without…
Egypt pound down less than feared, central bank supports
February 6, 2011
Egypt pound down less than feared, central bank supports
The central bank appeared to intervene indirectly to support the Egyptian pound on Sunday as foreign exchange trade resumed after…
Egypt says petroleum exports affected by pipeline explosion
February 5, 2011
Egypt says petroleum exports affected by pipeline explosion
Egypt’s petrol exports have been affected by an explosion that took place on a natural gas pipeline, north of Sinai,…
Egyptian exports drop in January
February 5, 2011
Egyptian exports drop in January
Egyptian exports have dropped by six percent in January compared to December due to the curfew imposed by Egyptian authorities…
Egypt’s stock exchange suspended Sunday and Monday
February 5, 2011
Egypt’s stock exchange suspended Sunday and Monday
Egypt's stock exchange will remain suspended on Sunday and Monday due to the unrest taking place in Egypt, Chairman of…
Egyptian turmoil helping to lift oil, food prices
February 5, 2011
Egyptian turmoil helping to lift oil, food prices
The standoff in Egypt and uncertainty about where it will lead is causing global economic jitters. It's already pushing up…
Stock market to cut trading hours
February 3, 2011
Stock market to cut trading hours
Egyptian Stock Exchange President Khaled Seyam announced that authorities are planning to shorten the trading period when the stock market…
Saudis call for Egypt investments to be protected
February 3, 2011
Saudis call for Egypt investments to be protected
Saudi investors said they are worried about their investments in Egypt amid the current state of unrest. They urged Egyptian…