Latest Economy News
Eid Al-Fitr’s weddings and engagements bolster gold market
Local gold market witnessed a surge in sales and prices in Eid…
Cattle diplomacy: Egypt courts Australia in hopes of resuming imports
Ongoing discussions to restore halted cattle trade between the two countries.
High consumption and temperatures cause blackouts
The peak load of electricity hit an alarming 26,100 megawatts, National Energy…
Speciality restaurants: the new ‘it’ business
Several young Egyptian restaurateurs targeted the country's middle class and high spending…
World Bank evaluates income inequality
World bank conducts a research to assess the true value of income…
Inflation climbs to 10.3 % in July
Annual inflation increases to 10.28% in July compared to 9.75% in June
Gulf funds push foreign reserves to highest levels since November 2011
Egypt's net reserves reached $18.9bn in July, up $4bn from the month…
MENA has the highest unemployment rate
MENA had the highest unemployment rate of all regions in 2012, at…