Egypt''s EFG Hermes says Q1 net profit jumps 27 pct    Politicians call for securing and developing Sinai    Microsoft kicks off online privacy campaign    Al-Azhar to send convoys to combat extremism    Rights groups address plight of Egyptian women    Rafah border crossing reopens    Google to hold a forum for agencies to join “Engage for Agencies"    The IMF conundrum: austerity and unrest    VIDEO: Rocketing strike give Gouna win over Hodoud    Rafah crossing re-opens after Egypt soldiers released    Arabian racing takes centre stage in Toulouse    Iran, Hezbollah increasing support for Assad: Britain    ‘I don't like cricket... I love it!'    Coin smugglers foiled at Cairo Airport    PROGRAMME: Four Countries – Four Movies, screening in Cairo    UK Opposition Party Leader Says Google Tax Behavior 'Wrong'    Sources: Algeria's Talks With VimpelCom Over Djezzy Stopped    Egypt: Echoes Of Revolution Far From Cairo    Brotherhood guide congratulates Egyptians for release of soldiers    Syria opposition urges rebels to join Qusayr battle    Rare "Harry Potter" first edition fetches record auction price    Morsi thanks military and police for successful rescue operation    Hamas Felicitates Egyptians On Releasing The Abducted Soldiers    IMF Says Egypt Budget Gap Worrying, Urges Yemen To Finalize Economic Program    Egypt's Central Bank Offers US$ 800 Mln At Exceptional FX Auction    Consumer Reports Calls Samsung Galaxy S4 ‘Top-Rated' Smartphone    Vieira leaving in July    Power outage at Cairo airport    Malaga have European ban lifted by UEFA    Bayern defender Badstuber out for 10 months after surgery    Britain asks EU to put Hezbollah armed wing on terror list    Egypt's Army Says Seven Hostages Taken In Sinai Are Free    Carroll out of England friendlies with Ireland and Brazil    Search for US tornado survivors nearly complete    BREAKING: Kidnapped Egyptian soldiers released, says military spokesperson    Poverty on the rise amid increasing unemployment and inflation: ECESR    Upbeat    A Spanish touch of Paradise    Beautiful aquatic ‘soft killer'    Beyond marriage of disparity    Investigations into food poisoning scare at Al-Azhar Univ.    Vodafone keeps Verizon payout after European weakness    Israel Fires Back At Syria After Gunshots At Its Troops    Annotated 'Harry Potter' 1st edition on auction    New Ahli deal for Abdul-Fadil    Morsi: NGOs Law To Be Discussed With Different Parties Before Its Approval    Eurovision Song Contest Won By Denmark    David Beckham is to retire from football    

Articles of the author Sherine El Madany Reuters
Egypt urban inflation dips to 9 pct in year to March
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 112.4 a year earlier, the state statistics agency (...)

10 - 04 - 2012
Court hears case to bar Mubarak aides from presidency
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 Mubarak's head of military intelligence and General (...)

09 - 04 - 2012
Egypt's GASC says buys 115,000 T US wheat
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 Authority for Supply Commodities (GASC), gave the (...)

06 - 04 - 2012
Egypt's Ezz Steel third-quarter net jumps
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 the turmoil rocked Ezz Steel, which gets much of (...)

31 - 01 - 2012
Interview: Egypt expects tourism rebound in 2012, security key
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 packing. Tourism used to account for more than a (...)

30 - 12 - 2011
Egypt's economy to grow 3.1 pct in FY 2012/13
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 survey of 10 economists forecast that year-on-year (...)

21 - 12 - 2011
Egypt's urban inflation eases to lowest since December
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 consumer price inflation, the most closely watched (...)

10 - 08 - 2011
Mubarak trial drags EGX30 to 12-week low
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 during the 18-day uprising earlier this year. Traders (...)

02 - 08 - 2011
Egypt's inflation eases slightly in June on food prices
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 President Hosni Mubarak. Urban consumer inflation (...)

10 - 07 - 2011
As Egypt change drags on, some praise Mubarak
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 gather, as they did late last month in a wealthy (...)

08 - 07 - 2011
Egypt steel magnate faces new graft charges: agency
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 role in Mubarak's National Democratic Party during (...)

27 - 06 - 2011
Court sentences ex-trade minister to 5 years
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 the World Economic Forum in Davos, lost his job (...)

26 - 06 - 2011
Egypt steel magnate Ezz quits Dekheila's board
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 that erupted on Jan. 25, has been detained since (...)

16 - 05 - 2011
GB Auto Q1 net falls, but beats forecasts
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 listed automobile assembler, said first-quarter net (...)

12 - 05 - 2011
Egypt has 4 months wheat stocks, GASC says
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 Authority for Supply Commodities (GASC), said GASC (...)

11 - 05 - 2011
Prosecutor extends Mubarak detention
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 investigations into the killing of protesters and (...)

10 - 05 - 2011
Egypt inflation jumps to a year high on food prices
CAIRO: Urban consumer inflation in Egypt accelerated to 12.1 percent in April, its highest in a year, on the back of soaring food prices which contributed to the mass protests that toppled President Hosni Mubarak earlier this year. Inflation hit its highest level since March 2010 and was up from (...)

10 - 05 - 2011
Egypt central bank leaves interest rates steady amid turmoil
CAIRO: Egypt's central bank kept its key overnight interest rates steady on Thursday in a bid to foster economic growth without reigniting the high inflation that had sparked unprecedented protests against the government. Egypt's economy nearly ground to a halt during weeks of protests that (...)

29 - 04 - 2011
Egypt central bank leaves interest rates steady amid turmoil
CAIRO: Egypt's central bank kept its key overnight interest rates steady on Thursday in a bid to foster economic growth without reigniting the high inflation that had sparked unprecedented protests against the government. Egypt's economy nearly ground to a halt during weeks of protests that (...)

29 - 04 - 2011
Mobinil net tumbles on political turmoil
CAIRO: Egyptian mobile phone operator Mobinil said political turmoil and economic uncertainty hurt its first-quarter results, sending net income tumbling 93.6 percent year-on-year. Investors had awaited Mobinil's results for the first major indication of how the political unrest that toppled (...)

28 - 04 - 2011
Egypt court scraps land sale to Palm Hills
CAIRO: An Egyptian court ruled on Tuesday that a state land sale to Palm Hills Development was illegal and scrapped the contract, sending more alarm through Egypt's battered property sector. Property firms in Egypt are reeling under a string of legal challenges to their land holdings since a (...)

26 - 04 - 2011
Orascom Development 2010 net profit drops 11 pct
CAIRO: Real estate and hotels firm Orascom Development said on Friday its 2010 net profit after non-controlling interests declined by 11 percent year-on-year to 94.9 million Swiss francs ($105.9 million). The Swiss-listed company, known mostly for building luxury resorts, posted net profit of (...)

15 - 04 - 2011
Egypt inflation rises to 11.5 pct in March on food
CAIRO: Urban consumer inflation in Egypt accelerated in the year to March to an 11-month high, pushed up by soaring food prices that contributed to the mass protests that eventually toppled President Hosni Mubarak. Urban consumer inflation in Egypt rose to 11.5 percent in the 12 months to March, (...)

10 - 04 - 2011
GB Auto Q1 sales hit in Egypt, sees market rebound in H2
CAIRO: GB Auto, Egypt's biggest listed automobile assembler, said on Sunday political turmoil in the country would weigh on its sales in the first half of 2011, but saw a rebound later in the year. Chief Executive Raouf Ghabbour said in a statement net profit margins were "substantially (...)

10 - 04 - 2011
Prosecutor detains former PM Nazif
CAIRO: Egypt's prosecutor general has detained former Prime Minister Ahmed Nazif for 15 days as part of investigations into squandering of public funds, a statement said on Sunday. Prosecutors have been investigating corruption allegations made against former officials and businessmen connected (...)

10 - 04 - 2011
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