CAIRO: The urban consumer inflation was 9 percent in the 12 months to March, down from 9.2 percent in February, figures on Egypt's state statistics agency showed on its website on Tuesday.
The urban consumer price index for March was 122.6 versus (...)
CAIRO: An Egyptian court will hear a suit seeking to prevent Hosni Mubarak's former intelligence chief and his last prime minister from running for the presidency, a judicial source said on Monday.
Omar Suleiman, 74, who served for years as (...)
CAIRO: Egypt, the world's largest wheat importer, has bought 115,000 tons of US soft red winter wheat for May 21-31 shipment on a free on board basis, the main government wheat buyer said on Thursday.
Nomani Nomani, vice chairman of the General (...)
ABU DHABI/CAIRO: Smugglers in the Middle East are enjoying an unlikely moneyspinner — illegal medium grain rice.
Shoppers across the Gulf, mostly unaware of the smuggling, depend on Egyptian rice to make popular Middle Eastern recipes such as (...)
CAIRO: Egypt is pinning its hopes on natural gas to help it reduce energy subsidies that are eating up 20 percent of its state budget and are likely to continue growing if measures aren't taken soon.
For years, the government has resisted cutting (...)
CAIRO/DUBAI: A strong performance by Egypt's stock market in the last few days, despite a string of negative political and economic news, suggests the market's year-long downtrend has ended and investors will continue flocking (...)
DUBAI/CAIRO: Egypt's index extended gains for a second day after investor appetite was boosted by Monday's announcement by the country's military rulers that they wanted to bring the presidential vote forward.
Twenty-five of the benchmark index's (...)
PORT SAID: Seventy-four people were killed when supporters clashed at an Egyptian soccer match, prompting fans and politicians on Thursday to turn on the ruling army for failing to prevent the deadliest incident since Hosni Mubarak was ousted.
At (...)
CAIRO: Egypt's largest steel producer, Ezz Steel, said on Tuesday its third-quarter net income surged from a year earlier, when lower prices and soaring costs hammered profit margins.
An uprising ousted president Hosni Mubarak last February, and (...)
CAIRO: Mechanic Hany Shaaban heard there was free food on offer in Cairo's Tahrir Square, so he left his poor neighborhood of Sayda Aisha to mingle with the crowds demanding an end to Hosni Mubarak's three-decade rule.
He found nothing to eat, (...)
CAIRO: Former US President Jimmy Carter said on Thursday, after meeting Egypt's military rulers and political parties, the army was unlikely to surrender all of its powers by mid-2012, highlighting the potential for further power struggles.
The (...)
CAIRO: The Islamist Muslim Brotherhood was edging towards a dominant role in Egypt's first free parliament in decades on Wednesday, but said it would not impose its will over a new constitution and would work with all political rivals on the (...)
CAIRO: Egypt expects tourism revenues to rebound by more than a third next year if the country's security situation improves in the wake of the uprising that toppled Hosni Mubarak in February and the subsequent political turmoil that sent tourists (...)
CAIRO: Egypt's economy will grow by only 1.8 percent this fiscal year and 3.1 percent next as it recovers slowly from the political upheaval that ousted president Hosni Mubarak and disrupted the economy, a Reuters poll showed on Wednesday.
The (...)
RAS LANUF/TRIPOLI: Libya's interim leader has made his first public speech in Tripoli, warning against reprisals after loyalists of the ousted Muammar Gaddafi struck out at the revolutionaries pursuing them.
In an apparent attempt to disrupt a (...)
CAIRO: Annual urban inflation in Egypt eased to 10.4 percent in July, its lowest in seven months, on the back of a slowdown in food prices which contributed to the mass protests that toppled President Hosni Mubarak earlier this year.
Urban (...)
CAIRO: The start of former Egyptian president Hosni Mubarak's trial on Wednesday renewed political jitters, pushing the benchmark index to its lowest close since May 10.
The ousted president is being tried for his role in killing protesters (...)
CAIRO: Egyptian inflation in the year to June eased slightly on the back of lower food prices from a year earlier, supporting a hold in central bank interest rates in July to support an economy reeling from the impact of the revolt that ousted (...)
CAIRO: Five months ago, the world watched in awe as hundreds of thousands of Egyptians demonstrated in Cairo's Tahrir Square, demanding the departure of longtime ruler Hosni Mubarak.
Now, in groups numbering in the hundreds, Mubarak supporters (...)
CAIRO: Egyptian steel magnate Ahmed Ezz, a top ally of ousted president Hosni Mubarak who is being investigated for graft, faces fresh charges of profiteering and squandering public funds, state news agency MENA reported.
Ezz, who quit his senior (...)
CAIRO: The Cairo Criminal Court convicted former Trade Minister Rachid Mohamed Rachid in absentia on Saturday and sentenced him to 5 years in prison for profiteering and squandering public funds, the state news agency MENA said.
Rachid, a regular at (...)
CAIRO: Egyptian steel magnate Ahmed Ezz, a top official in ousted president Hosni Mubarak's party who is being investigated for graft, resigned as chairman of Ezz Dekheila Steel, the company said on Monday.
Ezz, who quit the party during protests (...)
CAIRO: Egypt's GB Auto's quarterly earnings beat analyst forecasts as passenger car sales in Iraq helped offset lower sales in its home market, hit by the political turmoil that brought much of the economy to a halt.
The firm, Egypt's biggest (...)
CAIRO: Egypt, the world's biggest wheat importer, said on Wednesday it had stocks of imported wheat to last for about four months, and even longer if the upcoming local harvest was taken into account.
Nomani Nomani, vice chairman of the General (...)
CAIRO: The prosecutor general has extended the detention of former president Hosni Mubarak by 15 days, a judicial source said on Tuesday.
Mubarak, ousted from power on Feb. 11 after three decades in office, is being questioned as part of (...)