International reserves are again heading south, this time at a faster pace, Sherine Abdel-Razek reports

The Egyptian pound -- which only shed 2.9 per cent of its strength versus the dollar since the 25 January Revolution -- would continue to depreciate to reach LE6.2 per dollar on average in 2011/2012, according to a research note prepared by the leading local investment bank Beltone Financial...

A decision to refer three major dairy firms to the attorney-general is shaking the industry, Ahmed Kotb reports