commodities
Commodities slump to 16-year low led by oil slide
Business
August 24, 2015
Commodities slump to 16-year low led by oil slide
Oil futures led a dramatic fall in commodity prices on Monday, with US crude trading below $40 a barrel as…
Another civilian dead as army gives out Ramadan charity
Egypt
June 9, 2015
Another civilian dead as army gives out Ramadan charity
A 61-year-old woman died on Sunday in a stampede over food allotments customarily given out by the military to needy…
Government says exported commodities down by 3% in July
Business
August 23, 2014
Government says exported commodities down by 3% in July
Egyptian exported commodities dropped by percent in July, a government report said Saturday. The report by the Ministry of Trade and…
Importers say local reserves of staple commodities “safe”
Business
August 11, 2013
Importers say local reserves of staple commodities “safe”
Commodity importers have assured that Egypt’s local reserves of staple commodities are largely safe, noting that global and local prices…
Govt: Wheat reserve enough for 81 days
Egypt
April 3, 2013
Govt: Wheat reserve enough for 81 days
Egyptian wheat reserves amount to 2 million tons, an amount that can meet demand for 81 days, according to a…
Diesel supplies raised to face crisis, says supply ministry spokesperson
Business
March 11, 2013
Diesel supplies raised to face crisis, says supply ministry spokesperson
The Supply and Petroleum Ministries have agreed to raise the daily amount of diesel delivered to the market from 32,000…
Govt report: April records LE17.5 bn trade balance deficit
Egypt
July 30, 2012
Govt report: April records LE17.5 bn trade balance deficit
Egypt’s trade balance deficit jumped by 79.6 percent from LE9.7 billion in April 2011 to LE17.5 billion this April, according…
Ramadan consumer frenzy curtailed by anxious retailers and unsure consumers
Business
July 21, 2012
Ramadan consumer frenzy curtailed by anxious retailers and unsure consumers
Soheir Salem, a housewife and mother of four, walked out to the markets last Friday looking to buy her…
Abouelnaga: FJP stalled IMF loan, Cabinet behind economic recovery
Business
July 16, 2012
Abouelnaga: FJP stalled IMF loan, Cabinet behind economic recovery
Minister of Planning and International Cooperation Fayza Abouelnaga said on Monday that "the dissolved Parliament’s attitude was behind the failure…
Egypt inflation rises to 9.1 percent in November
Business
December 10, 2011
Egypt inflation rises to 9.1 percent in November
Egypt’s inflation accelerated on rising food prices in November to reach an annual rate of 9.1 from 7.1 percent in…