economy
Suez Canal October revenue up US$447.9 million
Business
November 15, 2011
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
November 14, 2011
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
November 14, 2011
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
November 14, 2011
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
November 14, 2011
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
November 13, 2011
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
November 13, 2011
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
November 11, 2011
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
November 3, 2011
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
November 1, 2011
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…