Business
CBE decides to keep rates unchanged again
March 11, 2011
CBE decides to keep rates unchanged again
The Central Bank of Egypt's Monetary Policy Committee decided in a meeting last night to maintain overnight deposit and lending…
Egypt Hotel occupancy rate increased 20 percent in 2 weeks
March 10, 2011
Egypt Hotel occupancy rate increased 20 percent in 2 weeks
Tourism Ministry Deputy Ahmed Atteya revealed an increase hotel occupancy rates from 5 percent to 25 percent over the past…
Egypt inflation eases slightly in Feb, Central Bank rates eyed
March 10, 2011
Egypt inflation eases slightly in Feb, Central Bank rates eyed
Egyptian inflation slowed in the year to February, supporting a hold in central bank interest rates on Thursday to support…
Egypt unofficial reserves fall US$3.3 bln in Feb
March 8, 2011
Egypt unofficial reserves fall US$3.3 bln in Feb
Cairo--The Egyptian central bank's unofficial reserves plummeted by US$3.3 billion in February, bringing its total decline in foreign currency assets…
ILO mulls dropping Egypt from black list
March 8, 2011
ILO mulls dropping Egypt from black list
The International Labor Organization (ILO) mulls dropping Egypt from its black list in light of the 25 January revolution that…
Attorney General orders investigation into 21 privatized companies
March 8, 2011
Attorney General orders investigation into 21 privatized companies
Sources said Attorney General Abdel Meguid Mahmoud ordered investigation into the privatization of 19 public-sector companies during the tenure of…
Saudi businessmen plan LE100 bn in Egypt investments
March 8, 2011
Saudi businessmen plan LE100 bn in Egypt investments
Saudi investors are planning to invest LE100 billion in Egypt over the coming period, in a step to maintain Saudi…
Govt says wheat reserves enough for 5 months
March 8, 2011
Govt says wheat reserves enough for 5 months
The Egyptian government said today that Egypt has sufficient wheat reserves for approximately five months, while reports warned of shortages…
Suez Canal workers threaten hunger strike in Egypt
March 6, 2011
Suez Canal workers threaten hunger strike in Egypt
Several hundred administrative workers with Egypt's Suez Canal Authority are threatening to go on a hunger strike if their demands…
Work resumes at Egypt’s QIZs, says Israel
March 6, 2011
Work resumes at Egypt’s QIZs, says Israel
Jerusalem--Businesses reopened in Egypt's Qualifying Industrial Zones (QIZs), Israeli officials said Saturday, after one month of closure prompted by the…