economic crisis
In light of crisis, discount sales come early this year
Business
January 14, 2010
In light of crisis, discount sales come early this year
From "50-percent-off" to "buy-one-get-one-free" deals, local retailers are scrambling to boost sales amid widespread financial difficulties associated with the unfolding…
Report: inflation fell to 11.8% in 2009
Business
January 10, 2010
Report: inflation fell to 11.8% in 2009
According to recently-released official figures, Egypt's inflation rate fell to 11.8 percent in 2009 compared to 19.2 percent in 2008.…
Global, local gold prices return to earth
Business
December 13, 2009
Global, local gold prices return to earth
Local gold prices took a fall this weekend, reflecting a decline in their global counterparts, with the price of one…
Dubai’s sneeze, Egypt’s cold
Business
December 3, 2009
Dubai’s sneeze, Egypt’s cold
The government is scrambling to limit the effects of Dubai's debt crisis on the local economy. In an indication of…
Single day sees 3 poverty-related suicides
Egypt
December 2, 2009
Single day sees 3 poverty-related suicides
Poverty and the rising costs of living were the reasons behind three unrelated suicides Wednesday in three different provinces.The first…
CASE regains LE15 million since Monday crash
Business
December 2, 2009
CASE regains LE15 million since Monday crash
The Cairo and Alexandria Stock Exchange (CASE) Wednesday regained some LE8.8 million, bringing total gains to LE15 million since Monday,…
Dubai crisis hits Egyptian markets
Business
December 1, 2009
Dubai crisis hits Egyptian markets
The financial crisis suffered by Dubai has had a severe impact on Arab markets. Egyptian stocks in particular dropped steeply…