Business
Egypt Suez Canal revenues down 1.6 pct in January
February 9, 2011
Egypt Suez Canal revenues down 1.6 pct in January
Revenue from Egypt's Suez Canal dropped 1.6 percent to $416.6 million in January from $423.4 million in December but was…
Govt to accept public-sector job applications in effort to blunt unemployment
February 8, 2011
Govt to accept public-sector job applications in effort to blunt unemployment
The Egyptian Finance Ministry on Tuesday announced that it would open its doors to those wishing to apply for public-sector…
Egypt bourse to suspend trade if index falls 5 pct
February 8, 2011
Egypt bourse to suspend trade if index falls 5 pct
Egypt's stock exchange will suspend trade for a half hour if its broad 100-share index declines by 5 percent after…
Economists say Egypt’s revolution could lead to long-term growth
February 8, 2011
Economists say Egypt’s revolution could lead to long-term growth
Short-term economic effects of the 25 January uprising have included price hikes in some staple goods and a stand-still in…
Hundreds of hotel employees lose their jobs in Sinai
February 8, 2011
Hundreds of hotel employees lose their jobs in Sinai
Hundreds of thousands of workers in the tourism sector in Sinai and the Red Sea governorates are losing their jobs…
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…