Business
Egypt 5-yr CDS hit 18-mth highs
January 26, 2011
Egypt 5-yr CDS hit 18-mth highs
London--The cost of insuring Egyptian debt against default rose to a fresh 18-month high on Wednesday on political concerns.Egypt's five-year…
Egypt pound falls to 6-year low after protests
January 26, 2011
Egypt pound falls to 6-year low after protests
Egypt's pound fell on Wednesday to its lowest level against the US dollar since January 2005 after the biggest anti-government…
Trade Minister: Govt keen on raising workers’ wages
January 24, 2011
Trade Minister: Govt keen on raising workers’ wages
The government is keen on raising the wages of workers of privatized companies, and on providing health care for them,…
Egypt mulls claiming share of gas reserves found off Israeli coast
January 24, 2011
Egypt mulls claiming share of gas reserves found off Israeli coast
Egyptian Petroleum Minister Sameh Fahmi on Monday said that the government was thinking about claiming a portion of the natural…
Orascom to do US$141m of work for Emaar Egypt unit
January 24, 2011
Orascom to do US$141m of work for Emaar Egypt unit
Cairo--Orascom Construction Industries, Egypt's biggest listed builder, said on Monday it has agreed to do LE800 million worth of work…
Govt earmarks LE4.3 billion for neediest villages
January 24, 2011
Govt earmarks LE4.3 billion for neediest villages
Investments worth LE4.3 billion have been allocated to complement the first phase of the 1000 Villages Poorest Initiative, the Egyptian…
IMF calls on Egypt to abolish subsidies on petroleum products
January 23, 2011
IMF calls on Egypt to abolish subsidies on petroleum products
The International Monetary Fund (IMF) has projected an increase in Egypt’s inflation rate, which, the organization noted, would further burden…
Egypt says Tunisia turmoil worrying investors
January 23, 2011
Egypt says Tunisia turmoil worrying investors
An Egyptian government minister warned that investors are beginning to question Egypt's stability due to fears that Tunisia's revolt could…
Egyptian importers protest customs holding goods for months
January 23, 2011
Egyptian importers protest customs holding goods for months
Dozens of importers of car spare parts protested before the People's Assembly on Sunday against customs authorities who have held…
Egypt’s trade deficit jumps by over 40% in one year
January 23, 2011
Egypt’s trade deficit jumps by over 40% in one year
Egypt's trade deficit climbed by 42.6 percent in October 2010 compared to the same month in 2009, the Central Agency…