Egypt economy
Egypt gas exports increase in first quarter, but production drops
Business
August 9, 2012
Egypt gas exports increase in first quarter, but production drops
Egypt's exports of natural gas and its derivatives rose by 8.9 percent in the first five months of 2012,…
Qandil’s economic appointments maintain status quo in weakened govt
Business
August 3, 2012
Qandil’s economic appointments maintain status quo in weakened govt
As Prime Minister Hesham Qandil was unveiling the new Cabinet, unrest ensued in parts of the country. One person died…
Chamber of Commerce criticizes Industry Ministry nominees
Business
July 31, 2012
Chamber of Commerce criticizes Industry Ministry nominees
The head of the Federation of the Egyptian Chambers of Commerce, Ahmed al-Wakil, said that he would inform President Mohamed…
Statistics agency head says economy shrinking, but salvageable
Egypt
July 30, 2012
Statistics agency head says economy shrinking, but salvageable
The head of the Central Agency for Public Mobilization and Statistics (CAPMAS), Abu Bakr al-Gendy, said that while the economic…
Khan al-Khalili shop owners protest lack of business
Egypt
July 18, 2012
Khan al-Khalili shop owners protest lack of business
Bazaar owners in the Khan al-Khalili area blocked Al-Azhar Street on Wednesday in protest against the lack of business due…
Feud between Brothers and military threatens fragile economy
Business
July 13, 2012
Feud between Brothers and military threatens fragile economy
Egypt's new Islamist president and his old military foes have come out swinging in a struggle for political power, but…
Morsy to focus on tourism, economy in first 100 days, says spokesperson
Egypt
June 27, 2012
Morsy to focus on tourism, economy in first 100 days, says spokesperson
President-elect Mohamed Morsy envisages transforming Egypt’s rentier-based economy to a value-added economy, Yasser Ali al-Afdal, Morsy’s temporary official spokesperson, said…
Central Bank: Economy to grow under 2 percent in 2012
Business
June 17, 2012
Central Bank: Economy to grow under 2 percent in 2012
Egypt's economic growth will slow to under two percent this year from 2.5 per cent last year because of political…
Update: Jump in Egypt foreign reserves may mask problem
Business
June 6, 2012
Update: Jump in Egypt foreign reserves may mask problem
Egypt's foreign reserves rose by US$302 million in May, their second successive monthly increase, but the positive number may mask…
Political turmoil drops Egypt’s Sewedy Q1 net profit to 43.8%
Business
May 30, 2012
Political turmoil drops Egypt’s Sewedy Q1 net profit to 43.8%
Egypt's El Sewedy Electric, the Arab world's biggest listed cable maker, on Wednesday reported a 44-percent drop in its 2012…