Business
Egypt’s economic growth rate drops to -4.2%
June 12, 2011
Egypt’s economic growth rate drops to -4.2%
Planning and International Cooperation Minister Faiza Abul Naga said at a press conference on Sunday that the economic growth rate…
Government mulls exempting Arab tourists from visas
June 12, 2011
Government mulls exempting Arab tourists from visas
The Egyptian government is considering relaxing the visa rules for Arab tourists in order to encourage more visitors to Egypt,…
Leftist groups reject cancellation of capital gains tax
June 12, 2011
Leftist groups reject cancellation of capital gains tax
Left-wing groups on Sunday rejected the finance minister's decision to cancel a tax on capital gains in trading on the…
EgyptAir to resume flights to Iraq after 21-year gap
June 12, 2011
EgyptAir to resume flights to Iraq after 21-year gap
Egypt's national carrier EgyptAir will resume flights to Iraq in mid-July after they were halted following Iraq's invasion of Kuwait…
Govt: Company may review gas prices if supplies to Israel continue
June 12, 2011
Govt: Company may review gas prices if supplies to Israel continue
Negotiations with the East Mediterranean Gas Company (EMG) to review the price of gas exports to Israel will continue until…
Petroleum Minister: Foreign companies committed to investments
June 12, 2011
Petroleum Minister: Foreign companies committed to investments
The majority of foreign companies in the field of oil and natural gas development and exploration are committed to their Egyptian investments,…
Food prices increased over 8 percent last week
June 12, 2011
Food prices increased over 8 percent last week
Last week, the Egyptian market experienced an 8 to 11 percent increase in the price of foodstuffs such as rice,…
Govt says it won’t relinquish national assets for debt relief
June 12, 2011
Govt says it won’t relinquish national assets for debt relief
Egypt’s government has ruled out the possibility of ceding public assets and companies in return for debt relief. Minister of…
Electricity supply to Jordan, Syria, and Lebanon interrupted
June 11, 2011
Electricity supply to Jordan, Syria, and Lebanon interrupted
The supply of electricity from Egypt to Jordan, Syria and Lebanon stopped on Friday after a truck carrying gasoline turned…
US asks Japan, Europe to waive Egypt’s debt
June 11, 2011
US asks Japan, Europe to waive Egypt’s debt
Washington--The US has asked Japan and European nations to forgive some of Egypt's debt to support a country seen as…