economy

Stock market loses LE4.6 billion on Tuesday
Egypt

Stock market loses LE4.6 billion on Tuesday

The Egyptian Exchange dropped sharply on Tuesday as a result of Egypt's continuing civil unrest. EGX30 dropped by 2.05 precent,…
Why the pound devaluation now?
Opinion

Why the pound devaluation now?

The long-expected devaluation of the Egyptian pound is finally taking place. The pound has undergone its greatest devaluation against the…
Prime minister: Egyptian expat remittances increase by 40 percent
Business

Prime minister: Egyptian expat remittances increase by 40 percent

Remittances from Egyptians living abroad have increased by 40 percent, Prime Minister Hesham Qandil said in a press conference Sunday.
Thursday’s papers: Legislating on the brink and ‘lies of the Brotherhood’
Egypt

Thursday’s papers: Legislating on the brink and ‘lies of the Brotherhood’

Shura Council efforts to address the country's economic and political troubles with its newly assumed legislative powers are the focus…
Wednesday’s papers: Mubarak watched protester killings, alleges fact-finding committee
Egypt

Wednesday’s papers: Mubarak watched protester killings, alleges fact-finding committee

"Mubarak saw the killing of the protesters during the revolution," privately owned daily Al-Shorouk leads Wednesday's coverage.
State budget suffers incurable disease, says finance minister
Business

State budget suffers incurable disease, says finance minister

  The state budget suffers from an incurable disease, with resources only covering 60 percent of public expenditures, state-owned Nile…
Saudi official: Pilgrims buy 25% of our gold and jewelry
Egypt

Saudi official: Pilgrims buy 25% of our gold and jewelry

  Hajj pilgrims buy an estimated 25 percent of the gold and jewelry sold in Saudi Arabia each year, according…
Consumer confidence up since Morsy’s election
Business

Consumer confidence up since Morsy’s election

Egyptian consumers have greater confidence, and are more likely to make durable goods purchases now than they were at the…
Slow economy keeps September inflation down
Egypt

Slow economy keeps September inflation down

Egypt's urban consumer inflation slowed to 6.2 percent in the 12 months to September 2012, the state statistics agency reported…
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