The presence of hefty price tags on even the simplest cars is standard fare for Egyptian consumers used to the high import tariff rates.
High sticker prices combined with a slowly emerging auto finance market has made buying a car in Egypt a (...)
CAIRO: Last year, Egyptians tread anxiously into Ramadan as inflation hit a record high of 23 percent in August 2008 in the lead up to the holy month. Food prices soared and a few weeks later, the ripple effects of the economic crisis hit Egypt's (...)
CAIRO: A recent decision to charge visitors an LE 5 entry fee into Cairo Airport's Terminal 3 elicited different reactions, with some deeming the fee costly, and others welcoming the idea.
The Cairo Airport company is charging visitors LE 5 - a (...)
CAIRO: The Supreme Council of Antiquities added the Japanese Kiosk and Citadel Hill, both located in Cairo's Giza Zoo, to the roster of Islamic and Coptic antiquities because of their architectural, archaeological and historic uniqueness.
Zahi (...)
CAIRO: Next Thursday will mark the 57th anniversary of the military coup d'etat by a group of young officers, commonly known as "The Free Officers, who revolted against King Farouk I in 1952.
The chief objective of the 1952 Revolution was the (...)
CAIRO: Mahmoud Awad, head of Egypt's Electricity Holding Company, denied reports that the lack of regular maintenance to a major electricity line has led to a blackout in a number of Upper Egyptian governorates.
Aktham Abul-Elaa, the official (...)
CAIRO: The lead writer of the United Nations Arab Human Development Report withdrew from the project in protest at what he says is self-censorship and oversensitivity to outsider opinions.
At a press conference Tuesday, Cairo University Political (...)
CAIRO: Seventeen scientific researches on the latest archaeological discoveries provided rich topics for discussions at the Sixth Scientific Forum of Archaeologists last week.
The two-day forum kicked off July 8 at the Supreme Council of (...)
CAIRO: Urban consumer inflation dropped to 9.9 percent in June, down from 10.2 percent in May, an 18-month low, according to figures released by the Central Authority for Public Mobilization and Statistics (CAPMAS) Thursday.
The drop came despite (...)