FINANCE & ECONOMY

06 Jul 2014

Food prices expected to rise 20% following fuel subsidy cut: Experts

An increase in petroleum product prices will negatively affect agriculture and food products in the near future, said Gamal Siam, professor of agricultural economy at Cairo University, as petroleum is used in food production as well as the transportation process.


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06 Jul 2014

Transportation fares see 35% to 50% increase, contrary to government estimates

Following the government’s decision to raise the prices of automotive petroleum products, including fuel, diesel and natural gas, starting Saturday, reports from the street have indicated a rate of increase in transportation fares of between 35% to 50%.


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06 Jul 2014

Holiday deals of the week: Bargains in the UK, European resorts, Egypt, Australia and Thailand

UNDER £150


Bath from £125pp:

Book a weekend break at the Lansdown Grove Hotel by July 12 and enjoy two nights’ half-board on arrivals before July 28. Call 0844 811 9404.

"......

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06 Jul 2014

Hamas looks to Egypt to ease crisis

Hamas officials claim the wheels are in motion for an Egyptian sponsored ceasefire between the movement and Israel following days of exchanging fire of rockets and missiles.


Hamas"...

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06 Jul 2014

Egypt takes big step toward reform of bloated subsidy system

Egypt's government drastically raised fuel prices late Friday to tackle a bloated subsidy system, in a potentially unpopular move that might blow back on newly elected President Abdel Fattah al-Sisi.


With"...

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06 Jul 2014

Egypt's government by bullying

Most reactions to the farcical convictions of Australian journalist Peter Greste, Egyptian-Canadian Mohamad Fadel Fahmy and Egyptian Baher Mohamad express shock and outrage at everything from the ridiculous"......

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06 Jul 2014

New Market Report: Microwaves in Egypt

The penetration of microwaves in Egypt remains marginal, with only a small number of households owning such an appliance. It is not seen as a necessity, and in the main microwaves in Egypt are used primarily for reheating food. Ready meals are not very common in Egypt, due to the low incomes of most consumers, but also due to a preference amongst consumers to...

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06 Jul 2014

Egypt 'failing at every level' in terms of human rights, say Amnesty

A surge in arbitrary arrests, detentions and harrowing incidents of torture and deaths in police custody show a sharp deterioration in human rights in Egypt in the year since President Mohamed Morsi was ousted, says Amnesty International.


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06 Jul 2014

Fabric exports to Pak, Egypt dip due to unrest

For the first time, the export of man made fabric (MMF) textiles, including fabrics to Pakistan, has taken a hit and declined by 16 per cent due to continued political and civil crisis along with unresolved trade issues between India and Pakistan.

Exports to Egypt, too, have declined by more than 23 per cent due to the political crisis there. As compared...

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05 Jul 2014

Visa Everywhere Travel Report: Group Stage Host Cities for 2014 FIFA World Cup BrazilTM See Significant Spending Increases by International Travelers

Visa Inc. (NYSE:V), the global leader in payments, today released the second installment of the Visa Everywhere Travel Report for the 2014 FIFA World Cup Brazil. The report, which analyzes travel data and spending through the use of Visa credit, debit and prepaid cards, found that some smaller"...

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