Economy
Campaign to attract 1 million Chinese tourists to Egypt to launch May 20
May 3, 2017
Campaign to attract 1 million Chinese tourists to Egypt to launch May 20
An international conference to promote Egypt's tourism industry to the Chinese market will be held on Saturday, May 20 under…
Cabinet allocates LE1.72 billion to renovate Pyramids area, ancient palaces, museums
May 2, 2017
Cabinet allocates LE1.72 billion to renovate Pyramids area, ancient palaces, museums
Cabinet has approved the allocation of LE1.72 billion in funding to the Antiquities Ministry in order to conclude development of ongoing projects…
Remittances from Egyptians abroad rise by 13.8 pct since November
May 2, 2017
Remittances from Egyptians abroad rise by 13.8 pct since November
Remittances from expatriate Egyptians have risen 13.8 percent since the central bank floated the pound in November, the central bank…
Egypt seeks negotiations over compensation to Israel in gas row
May 2, 2017
Egypt seeks negotiations over compensation to Israel in gas row
Egypt's government is considering offers to open negotiations with Israel again in an attempt to drop the international arbitration fine…
Manufacturers in Egypt turn to local sourcing as prices soar
April 29, 2017
Manufacturers in Egypt turn to local sourcing as prices soar
In green fields near Egypt's Mediterranean coast, one multinational company is harvesting its first crop of potatoes produced from local…
Finance Ministry to add 10% social allowance to workers’ salaries from May
April 26, 2017
Finance Ministry to add 10% social allowance to workers’ salaries from May
The Finance Ministry approved the disbursement of a 10 percent social allowance for workers, during a meeting with the leaders…
Egypt wheat reserves at 2.6 months, to buy 3.8 mln tons from local harvest
April 24, 2017
Egypt wheat reserves at 2.6 months, to buy 3.8 mln tons from local harvest
Egypt has about 2.6 months' worth of wheat in its strategic reserves and expects to buy up about 3.8 million…
CEO of world’s largest cement maker to resign after company admits paying Syrian groups
April 24, 2017
CEO of world’s largest cement maker to resign after company admits paying Syrian groups
LafargeHolcim (LHN.S) Chief Executive Eric Olsen will leave the company in July after the world's largest cement maker admitted on…
30 projects worth $20 billion to be established in Suez Canal Economic Zone: official
April 24, 2017
30 projects worth $20 billion to be established in Suez Canal Economic Zone: official
Egypt will establish 30 projects in the Suez Canal Economic Zone with investments totalling US$20 billion, said President of the Suez Canal…