Business

Egypt should stand ready to raise rates, IMF says

Egypt should stand ready to raise rates, IMF says

Egypt should be prepared to raise interest rates if inflation does not abate and should work to cut its budget…
AUC sells part of old campus

AUC sells part of old campus

The American University in Cairo (AUC) sold the first of three buildings on its old downtown campus, after it moved…
9 million real estate tax declarations received

9 million real estate tax declarations received

The Egyptian Tax Authority has thus far received some nine million declarations under the new real estate tax system and…
Official report: Unemployment hits 9.4%

Official report: Unemployment hits 9.4%

Egypt's unemployment rate reached 9.4 percent in the last quarter of 2009 compared to 8.8 percent in the last quarter…
Shura members blast social fund excesses

Shura members blast social fund excesses

Members of the Shura Council (the consultative chamber of parliament) blasted the statesocs-run Social Development Fund (SDF) for granting loans…
Upper Egypt industry scheme lures investors

Upper Egypt industry scheme lures investors

An industrial incentive program, launched in 2007 with the aim of attracting investment to the southern provinces of Upper Egypt,…
Officials: FDI down 34.8%; tourism losses exceed LE1 billion

Officials: FDI down 34.8%; tourism losses exceed LE1 billion

Total foreign investment in Egypt fell to LE2.6 billion in the first half of the 2009/10 fiscal year from LE4…
Report: Over 2 million Egyptians unemployed

Report: Over 2 million Egyptians unemployed

The government has admitted that the number of unemployed persons in Egypt has increased over the past few months. According…
Measures to contain butane crisis in Giza

Measures to contain butane crisis in Giza

In its fourth week, the butane cylinder crisis has eased in some governorates and escalated in others. Giza officials attributed…
Shafik Gabr on the economy, ElBaradei, Orientalism

Shafik Gabr on the economy, ElBaradei, Orientalism

M. Shafik Gabr is one of Egypt’s leading industrialists. Chairman of the Artoc Group for Investment and Development, Gabr, 57,…
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