Economy

Q&A with the head of the Consumer Protection Agency

Q&A with the head of the Consumer Protection Agency

In the following Interview, head of the Consumer Protection Agency Saeed al-Alfi discusses a Ministry of Industry and Trade decision…
Egypt’s elections presses economy, say experts

Egypt’s elections presses economy, say experts

Massive expenditure ahead of the parliamentary and presidential elections is slowing down the government’s ability to accelerate economic reforms, analysts…
Red Sea dive boat fleet: Some assembly required

Red Sea dive boat fleet: Some assembly required

Hurghada--The grinding of saws and pounding of mallets echoes through Hurghada’s shipyards, where dive boats are stripped down to their…
Confidence returns to Middle East investment

Confidence returns to Middle East investment

Middle East governments and companies are raising cash again from debt and equity markets, while solid oil prices and improving…
Egypt ranked 81 on Global Competitiveness Index

Egypt ranked 81 on Global Competitiveness Index

Egypt moves down 11 places from a year ago to 81st place on the 2010 Global Competitiveness Index (GCI), which…
Political ambiguity may push Egyptian pound down

Political ambiguity may push Egyptian pound down

Egypt's currency seems unlikely to rebound substantially from 3-1/2 year lows any time soon because investor appetite for Egyptian assets…
Energy council demands gas supply for power stations

Energy council demands gas supply for power stations

The Supreme Council for Energy has demanded that the Ministry of Petroleum provide enough natural gas to supply new power…
Economists fear impact of Egypt pound’s slide against dollar

Economists fear impact of Egypt pound’s slide against dollar

After declining sharply since mid-July, the Egyptian pound fell to 5.69 against the US dollar on Wednesday, representing its lowest…
Solving the electricity crisis

Solving the electricity crisis

It’s the brightest time of the year for Muslims worldwide, but in Egypt, residents are celebrating Ramadan amidst nationwide government-implemented…
Egypt’s wheat dilemma

Egypt’s wheat dilemma

Egypt, the world’s second biggest importer of wheat, is seeking alternative suppliers, while agriculture experts say it’s about time to…
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