Business
Egypt’s shares plunge on fourth day of sit-ins
July 11, 2011
Egypt’s shares plunge on fourth day of sit-ins
Egypt's benchmark stock index dropped almost 3 percent Monday, dragged down by concerns of mounting unrest in the Arab world's…
Electrolux to pay cash for Egypt Olympic purchase
July 11, 2011
Electrolux to pay cash for Egypt Olympic purchase
Olympic Group said on Monday its acquisition by Sweden's Electrolux AB remained an all-cash deal and the Egyptian firm would…
EMG shareholders pursue legal action against Egypt
July 11, 2011
EMG shareholders pursue legal action against Egypt
JERUSALEM--International shareholders in Israel's East Mediterranean Gas Co (EMG) are pushing ahead with legal claims against Egypt for US$8 billion…
EU delegation to discuss ban on Egyptian seed exports
July 10, 2011
EU delegation to discuss ban on Egyptian seed exports
Sherif al-Biltagy, chairman of the Agricultural Export Council, said Sunday that a delegation of the European Union would visit Cairo…
Can the return of stolen public funds aid the ailing economy?
July 10, 2011
Can the return of stolen public funds aid the ailing economy?
As Egypt’s economy sputters through the first post-Mubarak months, many continue to complain about the ousted officials who are still…
Egypt’s inflation eases slightly in June on food prices
July 10, 2011
Egypt’s inflation eases slightly in June on food prices
Egyptian inflation in the year to June eased slightly on the back of lower food prices from a year earlier,…
Gulf ‘gifts’ fill budget gap but raise suspicions
July 10, 2011
Gulf ‘gifts’ fill budget gap but raise suspicions
After turning down loans from the International Monetary Fund and the World Bank, Egypt is now turning to oil-rich Arab…
Egypt urges Egyptian expats to support economy
July 10, 2011
Egypt urges Egyptian expats to support economy
The Ministry of Foreign Affairs has urged Egyptian citizens abroad to support Egypt's economy through directing investments to development projects.…
Egypt to increase wheat production and begin project with Sudan
July 9, 2011
Egypt to increase wheat production and begin project with Sudan
Minister of Agriculture and Land Reclamation Ayman Abu Hadid said that wheat production this year reached about 8.5 million tons,…
Official disputes reports of Gulf aid to Egypt
July 8, 2011
Official disputes reports of Gulf aid to Egypt
An anonymous government official said Egypt has not received the aid packages and loans reportedly agreed upon with Arab countries,…