Business
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,…
Phone operators mobilize for World Cup qualifier
November 10, 2009
Phone operators mobilize for World Cup qualifier
Even mobile phone operators in Egypt are gearing up for the upcoming World Cup qualifying soccer match between Egypt and…
China-Africa Summit in Sharm el-Sheikh begins today
November 8, 2009
China-Africa Summit in Sharm el-Sheikh begins today
President Mubarak will open the fourth ministerial conference of the Forum on China-Africa Cooperation in Sharm el-Sheikh today. Participants include…
Iraq offers housing contracts to Egyptian private sector
November 5, 2009
Iraq offers housing contracts to Egyptian private sector
The Iraqi government on Tuesday offered contracts for the construction of 3.5 million housing units in Iraq to the Egyptian…
Applications pile up for “new taxi” project
November 4, 2009
Applications pile up for “new taxi” project
The Finance Ministry on Tuesday announced that banks had received a total of 34,561 fresh applications from taxi owners wishing…
Stock exchange drops 2.6%
November 2, 2009
Stock exchange drops 2.6%
The stock exchange on Sunday closed with a drop of 2.6 percent on the EGX 30 index, after purchases by…
Govt: Poverty rate up 2%
October 29, 2009
Govt: Poverty rate up 2%
Minister of Economic Development Othman Mohamed Othman said on Tuesday that the poverty rate in Egypt has gone from 19…