Business
Dana Gas faces delayed payments from Egypt
May 12, 2011
Dana Gas faces delayed payments from Egypt
Dubai--Dana Gas, the UAE energy firm, faces delayed payments of US$148 million for gas from the Egyptian government which could…
Tourism down 60 percent in March, says government report
May 12, 2011
Tourism down 60 percent in March, says government report
The number of tourists visiting Egypt last March fell by 60 percent, according to a government report released Thursday. Only…
Egypt debt weighs heavily on already-burdened budget
May 12, 2011
Egypt debt weighs heavily on already-burdened budget
When President Hosni Mubarak resigned on 11 February, he left behind a troubled economy. One of his more potent economic…
Egypt’s Suez Canal April revenues up at US$434.6 mln
May 10, 2011
Egypt’s Suez Canal April revenues up at US$434.6 mln
Revenue from Egypt's Suez Canal rose 15.9 percent year-on-year to US$434.6 million in April, and rose 5.1 percent from a…
Qataris offer to buy Omar Effendi
May 10, 2011
Qataris offer to buy Omar Effendi
Legal sources have said they are mediating between a Qatari group and the Egyptian government over the sale of Omar…
Q&A with Dave Robinson: FDI expert says Egypt has great potential
May 10, 2011
Q&A with Dave Robinson: FDI expert says Egypt has great potential
There are numerous problems facing Egypt’s economy these days: high rates of unemployment and inflation, a growing national debt and…
Sudan and Egypt sign million-acre land reclamation deal
May 10, 2011
Sudan and Egypt sign million-acre land reclamation deal
Minister of Agriculture and Land Reclamation Ayman Farid Abu Hadid has announced an agreement with Sudan involving the allocation of…
Labor organization: Egypt among Arab nations most affected by financial crisis
May 10, 2011
Labor organization: Egypt among Arab nations most affected by financial crisis
Egypt is among the Arab countries most affected by the global financial crisis, according to a report from the Arab…
Egypt inflation jumps to a year high on food prices
May 10, 2011
Egypt inflation jumps to a year high on food prices
Urban consumer inflation in Egypt accelerated to 12.1 percent in April, its highest in a year, on the back of…
TUI Travel posts fresh losses on Egypt, Tunisia unrest
May 10, 2011
TUI Travel posts fresh losses on Egypt, Tunisia unrest
London--TUI Travel suffered a net loss of US$415 million during the group's first half, in part owing to unrest in…