Business
Egypt stock exchange halts trading due to political crisis
November 22, 2011
Egypt stock exchange halts trading due to political crisis
Egypt’s stock exchange says trading has been temporarily suspended amid an escalating political crisis and after the broader EGX100 index…
Money changers and jewelers mull closing down
November 21, 2011
Money changers and jewelers mull closing down
Fearing robbery, money changers and jewelers in the Cairo’s downtown district mulled closing their shops until order is restored to…
Sixty-three flights canceled amid Tahrir turmoil
November 21, 2011
Sixty-three flights canceled amid Tahrir turmoil
Sixty-three flights to and from Egypt have been canceled since Friday due to violence in downtown Cairo and around Egypt,…
Italy cancels Cairo-bound flights
November 21, 2011
Italy cancels Cairo-bound flights
Italy's main air travel company, Alitalia, canceled two flights to Egypt on Monday but did not give a reason for…
Finance minister: Egypt will accept IMF funding package
November 18, 2011
Finance minister: Egypt will accept IMF funding package
Egypt intends to accept a funding package of US$3.2 billion from the International Monetary Fund (IMF) it had rejected earlier…
Competition authority investigates CEMEX on monopoly charges
November 18, 2011
Competition authority investigates CEMEX on monopoly charges
The Egyptian Competition Authority (ECA) has started investigating reports from traders accusing CEMEX, Assiut Cement Company of monopolistic practices, said…
Government studies customs regulations to protect textile industry
November 17, 2011
Government studies customs regulations to protect textile industry
The customs duty authority is meeting next week to revise tariffs and duties on textile products with a view to…
Damietta harbor losing LE35 million daily since closure, says govt
November 17, 2011
Damietta harbor losing LE35 million daily since closure, says govt
Damietta harbor is losing LE35 million per day since protests forced it to close Friday, Transportation Minister Ali Zine al-Abidine…
Egypt gets budget help from Arab Monetary Fund
November 16, 2011
Egypt gets budget help from Arab Monetary Fund
Egypt will receive US$200 million to support its budget from the Abu Dhabi-based Arab Monetary Fund (AMF) this month and…
Gas summit starts with call for fair price
November 15, 2011
Gas summit starts with call for fair price
Leaders of the world's biggest gas suppliers opened their first summit in the Qatari capital on Tuesday by calling for…