economy

The souq is ours: Life after tourism in Aswan’s souq
Life & Style

The souq is ours: Life after tourism in Aswan’s souq

"If they were British, we said ‘Our shop is cheaper than Asda,’” says Haitham Ibrahim, as we stroll through Sharia…
Stock market rises Tuesday
Business

Stock market rises Tuesday

Egyptian stock market indices gained on Tuesday morning, encouraged by optimism following the announcement of the results from the presidential…
Morsy inherits presidency as Egyptian pound is at 7-year low
Business

Morsy inherits presidency as Egyptian pound is at 7-year low

CAIRO — Egypt's currency, the pound, weakened to its lowest against the US dollar in more than seven years on Sunday…
Ganzouri: Elections were honest, any rigging came from participants
Egypt

Ganzouri: Elections were honest, any rigging came from participants

“The elections were honest on the part of the state, and the rigging that happened was on the part of…
SCAF set to approve state budget, says Cabinet source
Business

SCAF set to approve state budget, says Cabinet source

The Supreme Council of the Armed Forces is set to approve the state budget for the fiscal year 2012/2013 within…
Egypt gets US$1 bn from Saudis, clearing IMF hurdle
Business

Egypt gets US$1 bn from Saudis, clearing IMF hurdle

Saudi Arabia has transferred US$1 billion to Egypt's central bank, an Egyptian minister said on Thursday, in a move seen…
Parliamentary committee calls for an economic boycott of Israel
Egypt

Parliamentary committee calls for an economic boycott of Israel

MP Mohamed Idris, chairman of Parliament’s Arab Affairs Committee, called for an economic boycott of Israel on Monday, following reports…
Arab Spring cost region 7 million tourists in 2011
Business

Arab Spring cost region 7 million tourists in 2011

Political unrest cost the Middle East 5 million and North Africa 2 million tourists in 2011, according to the United…
Saudi economist warns of Egypt-Saudi political standoff repercussions
Egypt

Saudi economist warns of Egypt-Saudi political standoff repercussions

A Saudi economic expert has warned of the economic repercussions of the current political crisis between Egypt and Saudi Arabia.…
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