economy

Foreign direct investment falls by 75%
Business

Foreign direct investment falls by 75%

Foreign direct investment fell by 75.1 percent in the first quarter of 2011 compared to the last quarter of 2010,…
Steel rebar prices increased 11.8% in June
Business

Steel rebar prices increased 11.8% in June

Steel rebar prices increased by 11.8% in June, reaching an average of LE5257 per ton, compared to just LE4699 at…
Airport arrivals, departures rebound to pre-revolution rates
Egypt

Airport arrivals, departures rebound to pre-revolution rates

The number of arrivals and departures through Cairo International Airport has returned to its normal rate, an airport source said…
New finance minister promises maximum wage for public sector
Egypt

New finance minister promises maximum wage for public sector

Egypt's newly-appointed minister of finance, Hazem al-Beblawy, vowed on Sunday to set a maximum for public sector wages to bridge…
DARE’n’DEAL takes lead in online group-buying market
Life & Style

DARE’n’DEAL takes lead in online group-buying market

The burgeoning market for group-buying discounted products over the internet has given rise to companies like DARE’n’DEAL, which has recently…
Child labor in Egypt estimated at over 1.5 million
Egypt

Child labor in Egypt estimated at over 1.5 million

Abu Bakr al-Guindy, director of the Central Agency for Public Mobilization and Statistics, said Thursday that there are 1.594 million…
Can the return of stolen public funds aid the ailing economy?
Business

Can the return of stolen public funds aid the ailing economy?

As Egypt’s economy sputters through the first post-Mubarak months, many continue to complain about the ousted officials who are still…
Egypt’s inflation eases slightly in June on food prices
Business

Egypt’s inflation eases slightly in June on food prices

Egyptian inflation in the year to June eased slightly on the back of lower food prices from a year earlier,…
Egypt urges Egyptian expats to support economy
Business

Egypt urges Egyptian expats to support economy

The Ministry of Foreign Affairs has urged Egyptian citizens abroad to support Egypt's economy through directing investments to development projects.…
CBE: June cash reserve losses total US$700mn
Business

CBE: June cash reserve losses total US$700mn

Egypt's cash reserve lost US$700 million in June. By the end of the month it was $26.5 billion, compared to…
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