Business
Egypt’s exports set to benefit from Qadhafi’s ouster
August 29, 2011
Egypt’s exports set to benefit from Qadhafi’s ouster
Investors have said Egyptian exports would benefit from rebuilding Libya following Qadhafi’s ouster, and projected that the trade balance between…
Lingering security void devastates tourism in Luxor
August 28, 2011
Lingering security void devastates tourism in Luxor
The absence of security poses a significant challenge to the tourism industry in Luxor, a main tourist center in Egypt.…
Cigarette smuggling costs government LE160 million
August 28, 2011
Cigarette smuggling costs government LE160 million
A recent study showed that the Egyptian government lost about LE160 million during the first half of this year due…
Iraq signs agreement with Egypt’s Al Qalaa for Mosul refinery
August 26, 2011
Iraq signs agreement with Egypt’s Al Qalaa for Mosul refinery
Iraq’s Oil Ministry said it signed a preliminary agreement with Egyptian company Al Qalaa to build a 150,000-barrel-a-day refinery in…
Jordan agrees to negotiate price revisions for Egyptian gas exports
August 25, 2011
Jordan agrees to negotiate price revisions for Egyptian gas exports
Jordanian authorities have sent official letters to the Egyptian Petroleum Ministry to indicate their willingness to renegotiate the prices of…
Egypt keeps interest rates on hold, inflation still a concern
August 25, 2011
Egypt keeps interest rates on hold, inflation still a concern
Egypt's central bank kept its benchmark interest rates on hold at a meeting on Thursday, reflecting continued concern about inflation…
Report: Egyptian expat summer vacationers from Gulf down 50%
August 25, 2011
Report: Egyptian expat summer vacationers from Gulf down 50%
The number of Egyptian expatriates living in the Gulf states who vacation in Egypt during June and July has declined…
Agriculture minister: Egypt to revive cotton farming
August 25, 2011
Agriculture minister: Egypt to revive cotton farming
The ministries of Agriculture and Trade and Industry are hoping to revive the local cotton industry with a combination of incentives,…
Egyptian economy in ‘alarming’ state, says EU ambassador
August 24, 2011
Egyptian economy in ‘alarming’ state, says EU ambassador
European Union Ambassador Marc Franco has expressed concern over the Egyptian economy, which he said is in an “alarming” state,…
Achieving high growth rates will take 3-5 years, says Central Bank governor
August 24, 2011
Achieving high growth rates will take 3-5 years, says Central Bank governor
Central Bank Governor Farouq al-Oqda said on Wednesday that the economy needs three to five years to achieve high growth…