Business
CAPMAS: Education costs rise by 24.6% this year
November 13, 2010
CAPMAS: Education costs rise by 24.6% this year
2010 has seen a rise of almost 25 percent in the cost of education in Egypt according to the Central…
China Development Bank issues first Africa loan to Egypt
November 12, 2010
China Development Bank issues first Africa loan to Egypt
The China Development Bank has issued the first in a series of loans China is offering to support small and…
Omar Effendi crisis resolved
November 12, 2010
Omar Effendi crisis resolved
The Cairo Regional Center for International Commercial Arbitration has finally resolved the four year problem between the Saudi owner of…
Wages are untouchable, says official
November 12, 2010
Wages are untouchable, says official
At a symposium of the Cairo University Faculty of Economics and Political Science on Wednesday, Assistant Finance Minister Hani Qadri…
High global prices for precious metals stunt local demand
November 11, 2010
High global prices for precious metals stunt local demand
Domestic demand for gold and silver has continued to fall as a result of successive jumps in international precious metals…
Telecom Egypt’s third-quarter profit drops 7.3 pct
November 11, 2010
Telecom Egypt’s third-quarter profit drops 7.3 pct
Landline monopoly Telecom Egypt said its net profit fell 7.3 percent in the third quarter, as the Muslim fasting month…
New legislation needed to boost Egypt’s real estate market
November 10, 2010
New legislation needed to boost Egypt’s real estate market
On the outskirts of Cairo, across the street from gated compounds where residents play golf on an 18-hole course, plush…
The bygone effendi of Egypt
November 10, 2010
The bygone effendi of Egypt
The saga sparked by the Egyptian government’s sale of Omar Effendi--once Egypt’s most popular commercial outlet--is yet again causing controversy,…
Egypt inflation steady in October, rates seen on hold
November 10, 2010
Egypt inflation steady in October, rates seen on hold
Cairo--Urban consumer inflation in Egypt remained unchanged during the 12 months preceding October, a sign the central bank is unlikely…
Annual Suez Canal revenue up 7.1% in October
November 9, 2010
Annual Suez Canal revenue up 7.1% in October
Annual revenue generated by Egypt's Suez Canal increased by 7.1 percent in October, Suez Canal Authority officials announced on Tuesday.In…