Business
Egypt inflation jumps to a year high on food prices
May 10, 2011
Egypt inflation jumps to a year high on food prices
Urban consumer inflation in Egypt accelerated to 12.1 percent in April, its highest in a year, on the back of…
TUI Travel posts fresh losses on Egypt, Tunisia unrest
May 10, 2011
TUI Travel posts fresh losses on Egypt, Tunisia unrest
London--TUI Travel suffered a net loss of US$415 million during the group's first half, in part owing to unrest in…
Egypt to uphold verdict that Palm Hills illegal
May 9, 2011
Egypt to uphold verdict that Palm Hills illegal
Egypt's government will uphold a court ruling to scrap a sale of state land to developer Palm Hills but will…
Egypt court voids 2006 sale of historic chain store
May 7, 2011
Egypt court voids 2006 sale of historic chain store
A court has annulled a 2006 deal to sell Egypt's historic Omar Effendi department store chain to a Saudi investor,…
Experts say real estate companies facing funding difficulties
May 7, 2011
Experts say real estate companies facing funding difficulties
Several real estate companies are facing difficulties in completing projects, according to workers and experts in the real estate industry.
Strong growth makes 1 in 3 Africans ‘middle class’
May 6, 2011
Strong growth makes 1 in 3 Africans ‘middle class’
Cape Town--Robust economic growth in Africa over the last decade has swelled the size of its middle class to a…
Rising cost of petroleum subsidies may strain state budget
May 6, 2011
Rising cost of petroleum subsidies may strain state budget
Petroleum Minister Abdallah Ghorab said petroleum subsidies could exceed LE100 billion in the fiscal year that starts in July due…
Egypt’s capital expenditure budget set at LE509 billion
May 5, 2011
Egypt’s capital expenditure budget set at LE509 billion
Egypt's capital expenditure budget for the fiscal year 2011/2012 has been set at LE509.3, exceeding the budget for 2010/2011 by…
Egypt dips into foreign reserve for the first time
May 4, 2011
Egypt dips into foreign reserve for the first time
Minister of Planning and International Cooperation Faiza Abul Naga on Wednesday said the Egyptian government has for the first time…
Textile factories in Mahalla close shop
May 4, 2011
Textile factories in Mahalla close shop
Owners of some 550 textile factories in Mahalla decided to close down their factories and send the keys to the…