economy

‘Long Live Egypt’ fund now boasts LE4.7 bn to support economy: Sisi
Egypt

‘Long Live Egypt’ fund now boasts LE4.7 bn to support economy: Sisi

A fund opened by the Egyptian government to receive donations from businessmen to support the Egyptian economy has managed to…
Government wages see lowest increase in 3 years due to civil service law
Business

Government wages see lowest increase in 3 years due to civil service law

Egypt's Finance Ministry stated that the first quarter of the current fiscal year recorded the lowest rate of increase in…
Government honors Egypt’s 50 most influential women, best companies in economy
Business

Government honors Egypt’s 50 most influential women, best companies in economy

Investment Minister Ashraf Salman and Trade Minister Tarek Qabil honored Wednesday the 50 most influential women in the Egyptian economy…
After high hopes for Egypt, economy slumps following 2011 Uprising
Business

After high hopes for Egypt, economy slumps following 2011 Uprising

Egypt's failing economic conditions in the past few years are often linked to the 2011 uprising but it seems that…
Five years on, unrest tests ‘Arab Spring’ model Tunisia
Middle East

Five years on, unrest tests ‘Arab Spring’ model Tunisia

On December 17, 2010, a young, desperate Tunisian vendor named Mohamed Bouazizi set himself ablaze in a suicide protest over…
Russian ruble bounces back after oil price rise
Business

Russian ruble bounces back after oil price rise

Russia's battered ruble on Friday bounced back after a rise in crude prices, recovering ground a day after it slumped…
MIDEAST STOCKS: Saudi plunges more than 6%, Egypt slides
Business

MIDEAST STOCKS: Saudi plunges more than 6%, Egypt slides

Saudi Arabia's stock market plunged more than 6 percent early on Sunday in response to a fresh tumble of oil…
Benefits of cheap oil will come, but not soon
Business

Benefits of cheap oil will come, but not soon

With petroleum investment and the manufacturing sector sagging and the stock market in free fall, many Americans are wondering when…
China’s economy grew by around 7% in 2015, services made up half of GDP: premier
Business

China’s economy grew by around 7% in 2015, services made up half of GDP: premier

China's gross domestic product (GDP) totaled more than US$10 trillion in 2015 and the economy grew by around 7 percent,…
Egypt’s urban consumer price inflation unchanged at 11.1 pct in Dec
Business

Egypt’s urban consumer price inflation unchanged at 11.1 pct in Dec

Egypt's annual urban consumer inflation was steady at 11.1 percent, unchanged from the previous month, the official statistics agency CAPMAS…
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