economy

Govt official blames canceled tourist reservations on Qasr al-Aini clashes
Business

Govt official blames canceled tourist reservations on Qasr al-Aini clashes

Hesham Zaazou, deputy tourism minister, on Sunday warned that tourism in Egypt could be negatively affected by recent violent incidents,…
Shops lower prices for ‘Buy Egypt’ day, but benefits are doubted
Business

Shops lower prices for ‘Buy Egypt’ day, but benefits are doubted

In an attempt to spur the local economy from within, 16 December was dubbed “Buy Egyptian Day” by various business…
Egypt: Uncertainty is bad for business
Business

Egypt: Uncertainty is bad for business

In the tense aftermath of the January 25 revolution and amid the ongoing violence of the Arab Spring, the economic…
Investment in Egypt risky, says EU Commission official
Business

Investment in Egypt risky, says EU Commission official

European experts have warned of investment risks in Egypt, as the economy has been hit by numerous labor and political…
To buy or not to buy Egyptian… That is the question
Life & Style

To buy or not to buy Egyptian… That is the question

Egyptian talkshow host Amr Adib recently launched a global campaign encouraging Egyptians to buy their country’s products on Friday 16…
US senator Kerry: Economy is Egypt’s main problem
Egypt

US senator Kerry: Economy is Egypt’s main problem

CAIRO — Egypt urgently needs a massive cash injection and should strike a deal with the International Monetary Fund as…
Egypt pound falls to weakest in almost 7 years
Business

Egypt pound falls to weakest in almost 7 years

CAIRO — The Egyptian pound was bid as weak as 6.0036 to the US dollar on Tuesday, its lowest in…
Egypt’s economy slumps under weight of unrest
Business

Egypt’s economy slumps under weight of unrest

Drivers passing Tahrir Square in downtown Cairo curse the protesters. On radio shows, callers question whether the youth activists and…
Competition authority investigates CEMEX on monopoly charges
Business

Competition authority investigates CEMEX on monopoly charges

The Egyptian Competition Authority (ECA) has started investigating reports from traders accusing CEMEX, Assiut Cement Company of monopolistic practices, said…
New threat to bailout as Greek right rejects more austerity
World

New threat to bailout as Greek right rejects more austerity

ATHENS — Greece's conservatives vowed on Monday to reject any new austerity measures in return for the aid that is…
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