global financial crisis
Mubarak: Finance crisis shows need for global system
Egypt
May 18, 2010
Mubarak: Finance crisis shows need for global system
President Hosni Mubarak asserted during the 14th summit of the Group of 15 (G-15) held in Tehran that global economic…
German lawmakers back Greek aid package
Egypt
May 8, 2010
German lawmakers back Greek aid package
After an accelerated legislative process, 390 deputies in Germany's lower house of parliament, the Bundestag, voted in favor of a…
Boutros-Ghali calls for review of IMF mechanisms
Business
April 26, 2010
Boutros-Ghali calls for review of IMF mechanisms
Members of the International Monetary Fund (IMF) pledged to formulate sustainable financial policies at the closing session of their spring…
Greece presses ‘help’ button, markets still wary
World
April 24, 2010
Greece presses ‘help’ button, markets still wary
Greece--Prime Minister George Papandreou asked to tap the 45 billion euro (US$60.5 billion) package after investors feared a default and…
CAO sums up govt economic performance (Part I)
Business
March 22, 2010
CAO sums up govt economic performance (Part I)
In a statement before parliament Sunday, Gawdat el-Malt, head of the state-run Central Auditing Organization (CAO), discussed the government's performance…
Inflation falls to 12.8% in February
Business
March 10, 2010
Inflation falls to 12.8% in February
Egypt's national inflation rate fell from 13.6 percent in January to 12.8 percent in February, according to a report released…
Egypt car sales rebound
Business
March 8, 2010
Egypt car sales rebound
After a year of slow sales, the Egyptian automotive market bounced back in the beginning of 2010.The total number of…
Icelanders reject deal to repay British and Dutch
World
March 7, 2010
Icelanders reject deal to repay British and Dutch
Reykjavik--Icelandic voters vented their fury on Saturday at the bankers and politicians who ruined the economy, overwhelmingly rejecting a US$5…
Minister: Tourism revenues resilient in 2009
Business
February 9, 2010
Minister: Tourism revenues resilient in 2009
Egypt's tourism earnings, a key source of foreign exchange, dipped just 2.1 percent last year thanks to an upswing in…
2009 economy overview: Could have been worse
Business
December 24, 2009
2009 economy overview: Could have been worse
2009 was a brutal economic year for most of the world, with markets in turmoil, mass layoffs and the specter…