Business
Global, local gold prices hit new highs
November 19, 2009
Global, local gold prices hit new highs
Recent spikes in international gold prices have affected their local-market counterparts, with the domestic price per gram reaching an unprecedented…
Damietta Spinning down LE641 million in FY08/09
November 19, 2009
Damietta Spinning down LE641 million in FY08/09
The public-sector Damietta Spinning and Weaving Company suffered LE641 million in losses in the 2008/2009 fiscal year, according to a…
Who you callin’ lazy?
November 19, 2009
Who you callin’ lazy?
In the actual city that never sleeps, 1 am traffic is not an uncommon sight on weekdays. Cairo’s main roads…
Falling OT shares rattle CASE
November 18, 2009
Falling OT shares rattle CASE
Shares in Egyptian telecommunications giant Orascom Telecom (OT) declined sharply on Wednesday, dragging the entire Cairo and Alexandria Stock Exchange…
Rachid: local economy “survived global crisis”
November 18, 2009
Rachid: local economy “survived global crisis”
Trade and Industry Minister Rachid Mohamed Rachid said on Tuesday that the global financial crisis was coming to an end…
The Turks are back
November 17, 2009
The Turks are back
There was a time when Turkish products in Egypt were limited to the Paşabahçe glass products sold door-to-door – and…
Govt mulls cash-in-hand subsidy system
November 16, 2009
Govt mulls cash-in-hand subsidy system
The government is expected to finalize a proposal to substitute the current ration-card subsidy system with a cash-in-hand system after…
Local mobile-phone market nears saturation point
November 15, 2009
Local mobile-phone market nears saturation point
Total mobile-phone subscriber numbers in Egypt hit 53.4 million at the end of this year's third quarter, according to statistics…
CAPMAS: National unemployment rate hits 9.3%
November 15, 2009
CAPMAS: National unemployment rate hits 9.3%
The Central Agency for Public Mobilization and Statistics (CAPMAS) on Sunday announced that Egypt's unemployment rate had reached 9.3 percent…
Tourist numbers don’t add up
November 15, 2009
Tourist numbers don’t add up
This year could have been a banner year for Egyptian tourism. Cairo International Airport's new Terminal 3 opened in April,…