economy
Gas and butane prices pushed inflation up to 10.9% in February
Business
March 10, 2012
Gas and butane prices pushed inflation up to 10.9% in February
The urban consumer price index for February this year was 121.1 versus 110.9 a year earlier, pushed up by the…
Mother sells baby for LE50,000 over financial strait
Egypt
March 6, 2012
Mother sells baby for LE50,000 over financial strait
A mother has sold her 8-month-old infant to a wealthy family without children for LE50,000, according to state-run Al-Ahram newspaper’s…
Egyptian government bonds available in Saudi Arabia
Egypt
March 5, 2012
Egyptian government bonds available in Saudi Arabia
Riyadh — Egyptian government bonds are now available for purchase by Egyptians living in Saudi Arabia, the Egyptian Embassy in…
Egypt foreign reserves stand at $15.7 billion
Business
March 4, 2012
Egypt foreign reserves stand at $15.7 billion
Egypt's Central Bank says the country's net foreign reserves dropped again in February, but by less than any month since…
Incoming tourism in Egypt declined during 2011, says government report
Business
March 4, 2012
Incoming tourism in Egypt declined during 2011, says government report
The number of international tourists to Egypt declined during the last quarter of 2011 by 29.2 percent, at 2.9 million…
Tourism falls 28.5% in January
Business
March 2, 2012
Tourism falls 28.5% in January
Tourism rates dropped by 28.5 percent in January according to the latest official statistics, the government's top tourism official told…
Computer sales plunge 40% in 2011
Business
February 27, 2012
Computer sales plunge 40% in 2011
Computer sales fell by 40 percent last year compared to the year before, with 350,000 computers sold in 2011 versus…
Telecom Egypt says 2011 net profit declined 6.8%
Business
February 23, 2012
Telecom Egypt says 2011 net profit declined 6.8%
Landline monopoly Telecom Egypt said on Thursday its 2011 net profit fell 6.8 percent year on year to LE2.93 billion.…
Italian FM discusses Syria, promises more investments in Egypt
Business
February 22, 2012
Italian FM discusses Syria, promises more investments in Egypt
Italian companies plan to increase their investments in Egypt, Foreign Minister Mohamed Kamel Amr said Tuesday.
Stock market suffers collective drop
Business
February 21, 2012
Stock market suffers collective drop
Egyptian stock market indexes on Tuesday dipped collectively amid sales by foreign institutions and investment funds. Stocks lost nearly LE5.4…