Business
IMF chief economist lectures Cairo on financial crisis
December 8, 2009
IMF chief economist lectures Cairo on financial crisis
In a lecture delivered Monday at the American University in Cairo, Olivier Blanchard, chief economist of the International Monetary Fund…
Domestic demand for Egyptian cotton shrinks
December 8, 2009
Domestic demand for Egyptian cotton shrinks
A report issued Monday by the Central Agency for Public Mobilization and Statistics (CAPMAS) said that demand for Egyptian cotton…
Egypt-Algeria tension subsides with joint business projects
December 8, 2009
Egypt-Algeria tension subsides with joint business projects
An Algerian delegation is participating in a conference devoted to small businesses in Mediterranean countries currently being held in Cairo…
Experts fear DP Sokhna sale in wake of debt crisis
December 7, 2009
Experts fear DP Sokhna sale in wake of debt crisis
Local marine-transport experts are concerned that the UAE-based Dubai Ports World (DP World) will sell its Egyptian Sokhna Port operation…
International SMS costs skyrocket
December 7, 2009
International SMS costs skyrocket
Prices recently jumped by as much as 133%, but how and why it happened remains a mystery.The three Egyptian mobile…
Growth rate projected at 6% by fiscal year end
December 7, 2009
Growth rate projected at 6% by fiscal year end
The government projects that the growth rate will reach six percent by the end of the 2009/2010 fiscal year in…
Dubai Ports postpones Sokhna expansion
December 6, 2009
Dubai Ports postpones Sokhna expansion
Dubai Ports World (DP World), the company that operates Egypt's Sokhna seaport, has announced its intention to delay a scheduled…
Trade Ministry requests LE5 billion for subsidies
December 6, 2009
Trade Ministry requests LE5 billion for subsidies
The Ministry of Trade announced that it will request an additional LE5 billion from the Ministry of Finance for the…
Dubai’s sneeze, Egypt’s cold
December 3, 2009
Dubai’s sneeze, Egypt’s cold
The government is scrambling to limit the effects of Dubai's debt crisis on the local economy. In an indication of…
Egyptian stock market rebounds after Dubai crisis
December 3, 2009
Egyptian stock market rebounds after Dubai crisis
The Egyptian stock exchange started repairing the damage caused by the recent financial crisis in Dubai, closing up 172 points…