Business
Incoming tourism in Egypt declined during 2011, says government report
March 4, 2012
Incoming tourism in Egypt declined during 2011, says government report
The number of international tourists to Egypt declined during the last quarter of 2011 by 29.2 percent, at 2.9 million…
Tourism falls 28.5% in January
March 2, 2012
Tourism falls 28.5% in January
Tourism rates dropped by 28.5 percent in January according to the latest official statistics, the government's top tourism official told…
Mobile phone subscriptions up 18% in 2011
March 1, 2012
Mobile phone subscriptions up 18% in 2011
The number of mobile phone subscriptions in Egypt rose 18 percent to 83.43 million last year, shrugging off an economic…
Official: LE8 bln wasted from bread subsidy every year
February 29, 2012
Official: LE8 bln wasted from bread subsidy every year
Eight billion Egyptian pounds out of LE20 billion in bread subsidies is wasted, said Anwar al-Naqib, advisor to the minister…
Ganzouri faces tough task selling IMF reforms
February 29, 2012
Ganzouri faces tough task selling IMF reforms
Egypt's interim government will have to muster all its skills of persuasion to sell austerity measures to a country…
Economic gloom begins to lift in Egypt
February 29, 2012
Economic gloom begins to lift in Egypt
When Egypt's stock market index climbed this week to its highest level since last July, it was more than a…
Finance Ministry says Saudi Arabia has yet to fulfill promises for assistance
February 29, 2012
Finance Ministry says Saudi Arabia has yet to fulfill promises for assistance
The Finance Ministry said statements reported by several news agencies citing Saudi Foreign Minister Prince Saud al-Faisal saying his country…
Govt orders jewelers to install anti-theft systems or close shop
February 29, 2012
Govt orders jewelers to install anti-theft systems or close shop
The Local Development Ministry in coordination with local authorities on Tuesday ordered jewelers to install surveillance cameras and alarm systems…
Egypt natgas supplies to Israel resume after blast
February 28, 2012
Egypt natgas supplies to Israel resume after blast
JERUSALEM — Natural gas supplies from Egypt to Israel resumed on Tuesday after a pipeline explosion earlier this month halted delivery,…
Computer sales plunge 40% in 2011
February 27, 2012
Computer sales plunge 40% in 2011
Computer sales fell by 40 percent last year compared to the year before, with 350,000 computers sold in 2011 versus…