economy
Computer sales plunge 40% in 2011
Business
February 27, 2012
Computer sales plunge 40% in 2011
Computer sales fell by 40 percent last year compared to the year before, with 350,000 computers sold in 2011 versus…
Telecom Egypt says 2011 net profit declined 6.8%
Business
February 23, 2012
Telecom Egypt says 2011 net profit declined 6.8%
Landline monopoly Telecom Egypt said on Thursday its 2011 net profit fell 6.8 percent year on year to LE2.93 billion.…
Italian FM discusses Syria, promises more investments in Egypt
Business
February 22, 2012
Italian FM discusses Syria, promises more investments in Egypt
Italian companies plan to increase their investments in Egypt, Foreign Minister Mohamed Kamel Amr said Tuesday.
Stock market suffers collective drop
Business
February 21, 2012
Stock market suffers collective drop
Egyptian stock market indexes on Tuesday dipped collectively amid sales by foreign institutions and investment funds. Stocks lost nearly LE5.4…
US Chamber of Commerce supports reducing Egypt’s debt
Business
February 13, 2012
US Chamber of Commerce supports reducing Egypt’s debt
An official from the US Chamber of Commerce in Cairo on Sunday called for a campaign to reduce Egypt’s…
Navigation normal in Suez Canal despite calls for civil disobedience
Egypt
February 11, 2012
Navigation normal in Suez Canal despite calls for civil disobedience
Calls for nationwide civil disobedience have not affected navigation in the Suez Canal, said a senior official from the Suez…
Dented economy haunts Egypt a year after revolt
Business
February 10, 2012
Dented economy haunts Egypt a year after revolt
A year after Egypt overthrew Hosni Mubarak, the poor state of the once-growing economy of the Arab world's most populous…
World Bank head expects ‘tensions’ over US$1bn loan
Business
February 10, 2012
World Bank head expects ‘tensions’ over US$1bn loan
The head of the World Bank expects “tensions” as Egypt negotiatesa US$1 billion loan with the international lender, which could…
Government to inject LE130 million into telecom sector
Business
February 10, 2012
Government to inject LE130 million into telecom sector
The government will lend LE130 million to telecommunications companies to help them overcome the current recession, the communications and information…
Informal economy presents challenges, but also opportunities
Business
February 9, 2012
Informal economy presents challenges, but also opportunities
With Egypt’s economy struggling over the past year, everyone from generals and government officials to presidential candidates and academics have…