Business
Egypt spuds granted duty-free access to EU
May 13, 2010
Egypt spuds granted duty-free access to EU
The European Union has agreed to import unlimited amounts of Egyptian potatoes duty-free starting in June.Since the beginning of this…
Minister: Greek crisis will impact Egypt
May 12, 2010
Minister: Greek crisis will impact Egypt
At a press conference on Wednesday, Economic Development Minister Othman Mohamed Othman said that the Greek financial crisis could be…
Govt asks FT for more investment
May 11, 2010
Govt asks FT for more investment
Prime Minister Ahmed Nazif has said that Egypt is keen on developing Egyptian-French economic relations in all fields. His comments…
Egyptian stocks rebound on EU announcement
May 11, 2010
Egyptian stocks rebound on EU announcement
The Greek financial crisis, having caused severe disruptions in international markets, is now finally starting to ease as European Union…
Inflation hits 11%, says CAPMAS
May 10, 2010
Inflation hits 11%, says CAPMAS
Government statistics agency CAPMAS on Monday revealed that the national inflation rate had risen by 0.9 percent in April, compared…
Greek crisis pulls Egypt’s bourse down 5%
May 9, 2010
Greek crisis pulls Egypt’s bourse down 5%
In reaction to Greece's unfolding financial crisis, the Egyptian stock market's EGX index plummeted by 5 percent on Sunday in…
Egypt to become gas importer for first time in 40 years
May 9, 2010
Egypt to become gas importer for first time in 40 years
The Ministry of Petroleum has reached a major deal on petroleum exploration and drilling with British Petroleum (BP), in a…
Egyptian billionaire sells dept store
May 9, 2010
Egyptian billionaire sells dept store
Mohamed Al Fayed, an Egyptian billionaire living in Britain, has sold the Harrods Department Store in London to the Qatar…
MPs, experts challenge draft 2010/11 budget
May 8, 2010
MPs, experts challenge draft 2010/11 budget
On 3 May, Egypt's Shura Council gave its tentative approval to a draft of the 2010/2011 state budget. Critics, however, say…
US dollar continues to rise against Egyptian pound
May 8, 2010
US dollar continues to rise against Egyptian pound
The US dollar continued to rise against the Egyptian pound, increasing by 4 piasters over the past week, and 14…