Business
Egypt’s new budget falls short of hopes
June 8, 2011
Egypt’s new budget falls short of hopes
When Finance Minister Samir Radwan announced earlier this week the interim government’s budget proposals for the coming fiscal year, he…
World Bank projects Egypt’s growth rate to drop to 1%
June 8, 2011
World Bank projects Egypt’s growth rate to drop to 1%
The World Bank released a report on Wednesday that said it expected Egypt’s growth rate to drop to 1 percent…
Natural gas exports to resume on trial basis
June 8, 2011
Natural gas exports to resume on trial basis
The Egyptian Natural Gas Company Gasco (GASCO) on Wednesday resumed operation of the Arish gas pipeline, which is to transmit…
Egypt’s Suez Canal May revenues up at US$436.6 mln
June 8, 2011
Egypt’s Suez Canal May revenues up at US$436.6 mln
Revenue from Egypt's Suez Canal rose 10.5 percent year-on-year to US$436.6 million in May, and rose 0.5 percent from a…
Egypt woos US investors with national development plans
June 8, 2011
Egypt woos US investors with national development plans
The Egyptian government is set to announce several large-scale projects over the next few weeks that will be implemented as…
Kuwait Energy strikes 2 oil discoveries in Egypt
June 7, 2011
Kuwait Energy strikes 2 oil discoveries in Egypt
Kuwait--Kuwait Energy Company said it struck two new oil discoveries in Egypt's Western Desert, bringing the total to 11. The…
Egypt expects 11 million tourists by end of year
June 7, 2011
Egypt expects 11 million tourists by end of year
The number of tourists arriving to Egypt is expected to reach 11 million by the end of this year, Minister…
Central Bank announces decline in foreign reserves
June 7, 2011
Central Bank announces decline in foreign reserves
The Central Bank of Egypt (CBE) on Tuesday announced that international reserves decreased to US$27.2 billion by end of May,…
E. coli raises European demand for Egyptian vegetables
June 6, 2011
E. coli raises European demand for Egyptian vegetables
The Egyptian Agriculture Export Council says it is expecting an increase in exports of vegetables to the European market in…
Egypt bourse head says dividends exempt from tax
June 6, 2011
Egypt bourse head says dividends exempt from tax
The head of Egypt's stock exchange said on Monday that the dividends of listed companies will be exempted from new…