Suez Canal revenue fell 8% in November

Egypt has said revenue from the Suez Canal fell 8% to $407.7m in November, compared with the previous month, Reuters has reported. Revenue in October was $443.1m, while in November 2011 it was $435.5m.

Egypt inflation retreats to 4.1%

According to data released by the Egyptian government, the country's annual inflation has dropped to 4.1% in November, its lowest level since March 2006, mainly due to a significant slowdown in the growth rate of food prices, Ahram has reported....

Iberia cancels Cairo route

Spanish airline Iberia has announced it is to cancel the "mainly holiday travel routes" including Cairo, Istanbul and Athens from mid-January, as part of a plan to focus on strategic and profitable routes, Business Traveller has reported. The...

Egypt increases sales, income taxes, approves property taxes

The Egyptian president has announced increases in sales taxes and stamp duties on a wide range of consumer goods and services and amended the country's income and property tax laws, Ahram has reported. The measures are in line with an economic...