Business

Living on borrowed time: Morsy’s political economics

Living on borrowed time: Morsy’s political economics

President Mohamed Morsy is seeking to use public spending to build a base of support in diverse sectors of society,…
Shater’s son launches Zad, a new supermarket franchise

Shater’s son launches Zad, a new supermarket franchise

Saad al-Shater, managing director of the Zad Company and son of the Muslim Brotherhood Deputy Guide Khairat al-Shater, on Sunday said…
Feud between Brothers and military threatens fragile economy

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…
Brown rot threatens potato exports

Brown rot threatens potato exports

Russia has discovered brown rot in a shipment of potatoes imported from Egypt, threatening to halt trade of the crop…
Stock market slumps on Parliament return

Stock market slumps on Parliament return

The stock market sharply declined Monday morning by 5.5 percent due to random selling by foreign investors over fears of…
Tourism official requests meeting with Morsy

Tourism official requests meeting with Morsy

Elhamy al-Zayat, the head of the Egyptian tourism chamber, has asked for a meeting with President Mohamed Morsy to discuss…
US crop worry to fuel world food prices in July, UN says

US crop worry to fuel world food prices in July, UN says

MILAN — Searing heat in the US Midwest is expected to see global food prices snap three months of declines…
Former finance minister: New budget will not meet growth demands

Former finance minister: New budget will not meet growth demands

  Former Finance Minister Samir Radwan sharply criticized Egypt’s 2012/13 budget, which came into force two days ago. It fails…
Govt raises gas prices for selected industries

Govt raises gas prices for selected industries

The price of gas sold to factories that are not energy intensive has been raised to US$3 per million thermal…
Morsy didn’t consult finance minister over raise, says source

Morsy didn’t consult finance minister over raise, says source

A Finance Ministry official on Tuesday said that President Mohamed Morsy decided to implement a 15 percent social allowance increase…
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