Business
Ongoing turmoil takes toll on animals and their owners
February 8, 2011
Ongoing turmoil takes toll on animals and their owners
As the late afternoon sun illuminated the Pyramids of Giza in the distance, nine rotting horse carcasses lay upended in…
Egypt govt: Commercial establishments, transportation back to normal
February 7, 2011
Egypt govt: Commercial establishments, transportation back to normal
Industrial and commercial establishments began working again on Monday, the Ministry of Trade and Industry has announced, assuring the public…
Egyptian govt to increase salaries and pensions by 15 percent
February 7, 2011
Egyptian govt to increase salaries and pensions by 15 percent
State administrative employee salaries and military and civilian pensions will be increased by 15 percent beginning in April, said the…
Egyptian stock exchange resumes on Sunday
February 7, 2011
Egyptian stock exchange resumes on Sunday
Chairman of the Egyptian Stock Exchange Khaled Seyam said on Monday that the Egyptian bourse will resume trading next Sunday.The…
Egypt pound hits 6-yr low despite state bank support
February 7, 2011
Egypt pound hits 6-yr low despite state bank support
The Egyptian pound hit a 6-year low on Monday after banks reopened their doors to international deals, with the government…
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,…