Egyptians regain sense of pride in damaged nation
By Marwa Awad and Andrew Hammond / Reuters CAIRO: For a country with 5,000 years of history, Egypt's fall into a deep social, economic and political malaise during the three decades…
Clearing the way for a new Egypt
By Safaa Abdoun CAIRO: The morning after former President Hosni Mubarak stepped down, thousands of Egyptians from all walks of life flocked to Tahrir Square as part of an initiative to…
PR firms see slowdown in business
CAIRO: Egypt’s recent political unrest has had a marked and drastic effect on tourism, the capital market and, to a lesser extent, every other sector in the economy. One of…
Economy ‘solid’ but concerns remain over debt, deficit
CAIRO: Egypt's Prime Minister Ahmed Shafiq said Sunday that Egypt’s “economic position is solid,” as analysts expect added stresses to raise the nation’s debt and budget deficit. The prime minister…
Suez citizens to resume protests if governor, police chief not sacked
By Marwa Al-A'asar CAIRO: Thousands of citizens in Suez governorate will resume protesting Monday if their demands of sacking the governor and the police directorate chief are not met. The two…
Egypt covers $1.1 bln domestic T-bill offering
CAIRO: Egypt sold LE 6.5 billion ($1.1 billion) worth of 91-day and 266-day treasury bills on Sunday, the third such auction after banks reopened from a week-long closure caused by…
Analysis: Egypt economy faces rocky road after protests
By Reed Stevenson/Reuters DUBAI: Egypt's military council faces a daunting challenge to stabilize the economy after 18 days of protests which may cut growth this year in half and have left…
Arab protests show hunger threat to world: economist
DAKAR: Uprisings across the Arab world are just a foretaste of the instability facing other poor states unless a global food crisis is tackled, leading development economist Jeffrey Sachs said…
Egypt sugar stocks can last until October
CAIRO: Egypt's state-owned Sugar and Integrated Industries Company (SIIC) has sugar stocks to last until October, Hussein Mohamed, the firm's purchasing manager said. "There is no impact from the recent…
Egypt cbank lengthens transfers clearing to 5 days
CAIRO: Egypt's central bank has lengthened the clearance period for large transfers of funds abroad to five days from the previous two, bankers said on Sunday. One trader in a…