Business
EgyptAir to double flights to Libya
December 5, 2011
EgyptAir to double flights to Libya
EgyptAir announced Monday it will increase its number of flights to Libyan cities, starting on 7 December. The airline will…
Military official sees Egypt foreign reserves plunging
December 1, 2011
Military official sees Egypt foreign reserves plunging
Egypt's foreign reserves will plunge by a third to US$15 billion by the end of January and the budget deficit…
Iron companies fix prices in response to lower demand
December 1, 2011
Iron companies fix prices in response to lower demand
Iron companies operating in the local Egyptian market have declared they will not raise prices in December despite rising costs…
Egypt to increase Suez Canal tolls 3 percent
December 1, 2011
Egypt to increase Suez Canal tolls 3 percent
Suez Canal tolls for all vessels will increase 3 percent as of March, Egypt's Suez Canal Authority announced Thursday. The…
Government report: Egypt’s wheat production in decline
November 30, 2011
Government report: Egypt’s wheat production in decline
Egypt's wheat production from the fiscal year 2009 to 2010 declined by 15.8 percent from the year before to reach…
Egypt pound falls to weakest in almost 7 years
November 29, 2011
Egypt pound falls to weakest in almost 7 years
CAIRO — The Egyptian pound was bid as weak as 6.0036 to the US dollar on Tuesday, its lowest in…
Hungary, Bulgaria may become Egyptian wheat exporters
November 27, 2011
Hungary, Bulgaria may become Egyptian wheat exporters
The Egyptian government is mulling adding Hungary and Bulgaria to its official list of wheat providers, according to official sources.…
Egypt keeps central bank governor for third term
November 26, 2011
Egypt keeps central bank governor for third term
Egypt's ruling military council has decided to keep Central Bank governor Farouk al-Okdah in office for a third four-year term,…
Egypt’s economy slumps under weight of unrest
November 26, 2011
Egypt’s economy slumps under weight of unrest
Drivers passing Tahrir Square in downtown Cairo curse the protesters. On radio shows, callers question whether the youth activists and…
Badly hit, stock exchange strives to stay open amid unrest
November 23, 2011
Badly hit, stock exchange strives to stay open amid unrest
After falling more than 10 points this week, Egypt’s stock exchange is taking measures to ensure that it stays open…