economy

Suez Canal October revenue up US$447.9 million
Business

Suez Canal October revenue up US$447.9 million

Revenue from Egypt's Suez Canal rose 4.8 percent from a year earlier to US$447.9 million in October, up 2.2 percent…
Travel official draws up plan to rescue tourism
Egypt

Travel official draws up plan to rescue tourism

The head of Egypt's travel agencies chamber, Hossam al-Sha'er, said he has drawn up a plan to get tourism back…
Q&A: Damietta security chief on current crisis
Egypt

Q&A: Damietta security chief on current crisis

Protests continue in the Damietta area after a man was killed yesterday and several injured in clashes with military forces…
World Bank officials to visit Egypt again over borrowing
Egypt

World Bank officials to visit Egypt again over borrowing

World Bank officials plan to visit Cairo to examine the possibility of giving loans to Egypt, said Vakhtang Lejava, a…
Telecom Egypt Q3 net profit drops 21 pct
Business

Telecom Egypt Q3 net profit drops 21 pct

Land-line monopoly Telecom Egypt posted a 21 percent drop in third-quarter net profit on Monday as it continues to suffer…
Military council orders closure of MOPCO fertilizer plant
Egypt

Military council orders closure of MOPCO fertilizer plant

Egypt's ruling military council has ordered the closure of the MOPCO (Misr Oil Processing Co) plant in Damietta after a…
Egypt’s Ghabbour Auto says Q3 net climbs 25%
Business

Egypt’s Ghabbour Auto says Q3 net climbs 25%

Egypt's Ghabbour Auto (GB) on Sunday said its third-quarter net income rose 25 percent year-over-year to LE89 million (US$14.9 million),…
Government intends to extend rice export ban, says official
Business

Government intends to extend rice export ban, says official

The government intends to continue banning rice exports to meet the needs of the local market, a senior Agriculture Ministry…
Egypt lost US$2 billion from cash reserves in October, says Central Bank
Business

Egypt lost US$2 billion from cash reserves in October, says Central Bank

Egypt's Central Bank lost US$2 billion from its international cash reserves in October, bringing its reserves down from $24.1 billion…
Greek referendum deepens euro zone crisis
World

Greek referendum deepens euro zone crisis

ATHENS - The leaders of France and Germany scrambled on Tuesday to limit damage after Prime Minister George Papandreou decided…
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