An apparent lack of political will on the part of the Egyptian government and international actors, including the British and Swiss governments, is a major obstacle to the recovery of Egyptian stolen assets, said Ahmed Hossam, lawyer at Cairo-based (...)
Hundreds of protestors gathered at the High Court in Cairo on Friday to protest the ‘Brotherhoodisation' of the judiciary and the summons of five opposition activists earlier this week.
Protestors chained the gates of the High Court in a symbolic (...)
Egypt's stock market has received several hard blows nuanced by an apparent exodus of foreign investors since President Mohamed Morsi started his term last June.
The market is still unable to recover as the government's economic policies and current (...)
Egypt's budget deficit is expected to reach LE185 billion ($26 billion) in the current fiscal year which ends on 30 June 2013, Finance Minister El-Morsi El-Sayed Hegazy told said on Sunday.
Hegazy's prediction remains lower than the LE200 billion (...)
Recent impact assessment by Egyptian Initiative for Personal Rights (EIPR) and Bank Information Centre suggest World Bank development policies fail to address 'true needs of Egypt's citizens'
A recent joint study by the Bank Information Centre, a (...)
Hundreds of bakery owners and workers on Tuesday blocked entrances to Egypt's supply ministry to protest a new government plan to raise the price of flour used to produce subsidised bread and penalise bakery owners found committing production (...)
Port Said, one of the most prominent canal cities, has been recently hit by a wave of violence in ongoing clashes between Egyptian security forces and protesters; further turmoil is expected ahead of the second Port Said football court verdict (...)
Construction of a new state-owned power station in the city of Ain Sokhna on Egypt's Red Sea cost was suspended on Monday morning after workers from various subcontracting companies declared a strike, Al-Ahram's Arabic-language news website (...)
Long known as the "city of opportunities" in reference to its prosperous business atmosphere, the old canal city of Port Said has suffered from increasing economic marginalisation since its notorious 2012 football disaster.
Leaving over 70 Ahly fans (...)
The International Monetary Fund (IMF)'s proposed $4.8 billion loan will not be enough for Egypt to overcome its post-revolution economic dilemmas, David Malone, president of Canada's International Development Research Centre (IDRC), said in Cairo on (...)
The labour dispute at Egypt's Ain Sokhna seaport remains unresolved, with almost 1200 workers of Platinum Maritime Services – a subcontractor at the seaport – demanding employment contracts with Dubai-based DP World, which manages the (...)
Egypt's stock market continued its upward trend for the third day in a row on Sunday after almost three weeks of market fluctuation. The current state of political instability appears to have calmed, meanwhile, with the state of emergency recently (...)
The tourism sector has been hit hard by the current wave of violence across Egypt, with hotel occupancy rates hitting a record low and tourists fleeing the country.
As clashes reached their climax on Monday night in Cairo's downtown, masked (...)
As the revolution's second anniversary approaches, Egyptians' core economic and social demands remain unfulfilled.
On 25 and 28 January 2011, thousands chanted "Bread" on streets across Egypt, highlighting the economic nature of the uprising. The (...)
A recent draft law that would allow Egypt's finance ministry and state-run administrative bodies to issue Islamic bonds (sukuk) that are in compliance with Islamic sharia has stirred controversy.
Opposition figures have criticised the move, and (...)
Former finance minister Youssef Boutros-Ghali, former trade minister Rashid Mohamed Rashid reportedly among those to have requested settlement with Egyptian authorities
Egypt's Public Funds Prosecution (PFP) is ready to settle outstanding cases (...)
Egypt's government will form a supreme commission to combat corruption, announced Egyptian Premier Hisham Kandil Thursday.
Speaking at the press conference related to the recently launched governmental initiative to "kick off the economy," Kandil (...)
The Egyptian Customs Authority announced that it would halt gold exports of Centamin PLC, Egypt's largest gold producer, as it has yet to receive shipment approval from the Egyptian Ministry of Petroleum, state agency MENA reported Wednesday.
Custom (...)
Egypt's stock market rose strongly on 2013's first day of trading, confirming analysts' expectations that the Central Bank's new system of currency auctions would give the market a boost.
The Egyptian pound had plummeted to an eight-year low against (...)
A group of around 200 shipping workers subcontracted by Banha Engineering International Co, which is in charge of shipment operations for Ezz Steel factory in Suez, staged a strike on Tuesday to protest against what they believe are sub-standard (...)
Egypt's stock market plunged Sunday although analysts had predicted a surge on Egyptians approving the draft constitution relatively peacefully.
Egypt's main benchmark index, the EGX30, fell 1.5 per cent to 5,362 points. The broader EGX70 index also (...)
Centamin PLC, Egypt's biggest gold producer, has suspended operations at the Sukari Gold Mine for the second time.
The Egyptian General Petroleum Corporation (EGPC) has demanded Centamin pay almost LE403 million for fuel subsidies dating from (...)
Prime Minister Hisham Qandil criticised what he described as the negative role of private media in portraying recently-announced tax hikes at a press conference on Tuesday afternoon.
Egyptian President Mohamed Morsi, who holds legislative authority, (...)
Egyptian stocks saw slight gains on Sunday, loosely coinciding with a call by President Mohamed Morsi to put Egypt's draft constitution before a nationwide referendum on 15 December.
The benchmark EGX30 index rose by 1.81 per cent, closing the day (...)
South Africa's 2010 World Cup delegation to Zurich totally eclipsed that of Egypt's. Karim Hafez* explains why
Egypt's total 2010 World Cup collapse has been so dramatic that it clearly enjoins the staking of a completely new path in football (...)