Business

Government plans to raise individual incomes to US$15,000 by 2017

Government plans to raise individual incomes to US$15,000 by 2017

The government is seeking to raise the average annual per capita income to US$15,000 by 2016/2017--the level of income in…
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…
Multinational developers consider investing in Egyptian real estate

Multinational developers consider investing in Egyptian real estate

The Egyptian real estate market has become the focus of interest on the part of several multinational companies, some of…
S. African energy firm to invest in oil exploration in Egypt

S. African energy firm to invest in oil exploration in Egypt

South African oil company Petro SA recently announced plans to invest a total of US$300 million in oil and natural…
Q&A: Economist Gouda Abdel Khaleq on crony capitalism in Egypt

Q&A: Economist Gouda Abdel Khaleq on crony capitalism in Egypt

In an interview with Al-Masry Al-Youm, economics expert Gouda Abdel Khaleq spoke about the Hisham Talaat Mostafa Group's contoversial Madinaty…
Development demands modern databases, says Nazif

Development demands modern databases, says Nazif

At an event marking the annual World Statistics Day, Egyptian Prime Minister Ahmed Nazif emphasized the importance of modern, inclusive…
Egypt pound falls against USD

Egypt pound falls against USD

The stock market on Wednesday registered a signficant hike in the USD rate against the Egyptian pound. The dollar sold…
Foreign appetite for Egypt SMEs strong, says banker

Foreign appetite for Egypt SMEs strong, says banker

Foreign appetite for smaller Egyptian stocks is strong but political and legal risks and a volatile exchange rate are blocking…
Foule prices skyrocket due to low annual yields

Foule prices skyrocket due to low annual yields

After several weeks of skyrocketing retail tomato prices, prices for Egyptian fava beans (foule) have followed suit, currently fetching a…
Egyptian pound falls to lowest since June 2006

Egyptian pound falls to lowest since June 2006

The Egyptian pound weakened to 5.7580 against the US dollar on Wednesday, its lowest since June 2006, with dealers in…
Back to top button