News

Egypt inflation rises to 11.5% in March on food

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 … read more

Mubarak renews anger by denying power abuses

In his first remarks since his dramatic ouster, former President Hosni Mubarak denied that he used his position to amass wealth and property during three decades in power and issued an emotional defense of his legacy. The statement, broadcast Sunday … read more

Ex-PM detained for questioning over corruption

Ahmed Nazif, who served as Egypt’s prime minister until his government was rocked by a revolt in January, was detained today on suspicion of corruption, judicial sources said. The sources said Nazif, who Mubarak sacked along with his cabinet on … read more

Unrest blights 2011 tourism revenue

Egypt’s vital tourism industry, crippled by political turmoil, will suffer a 25 percent drop in revenue in 2011 and will need until September to get back on track, the tourism minister said in an interview on Thursday. An 18-day popular … read more

Egypt lifts ban on gold exports

Egypt has lifted a gold export ban that had been due to last until June 30 because of improved conditions in the country, the ministry of Trade and Industry said Saturday. The ministry cited ‘the stability of the stock exchange … read more

Defiant protesters remain in Tahrir Square

Several hundred protesters who staged an overnight demonstation in Cairo’s Tahrir square after a deadly military crackdown remained in the square on Sunday after the army backed down on a threat to disperse them. The protesters, who have barricaded the … read more