Business

Minister: Special offer for Egyptian citizens to encourage domestic tourism

Minister: Special offer for Egyptian citizens to encourage domestic tourism

Egyptian Minister of Tourism Mounir Fakhry Abdel Nour said on Saturday that a program to encourage domestic tourism will be…
Expert: Egypt’s market will remain strong

Expert: Egypt’s market will remain strong

Goldman Sachs, a global investment banking and securities firm, said it is optimistic about the future of the Egyptian stock…
IMF sees $160 billion in Middle East financing needs

IMF sees $160 billion in Middle East financing needs

Washington/Deauville - The external financing needs of oil-importing countries in the Middle East and North Africa will exceed US$160 billion…
Egypt to form free trade zone with Africa

Egypt to form free trade zone with Africa

Egypt’s economic policies will soon gear more toward African markets and Nile Basin countries, experts said. “The prime minister said…
Economists praise increases in commodity subsidies

Economists praise increases in commodity subsidies

Economic experts have praised the prime minister’s decision to increase subsidies of strategic commodities from LE90 billion to LE115 billion…
Arab Web clampdown hurts own economies, says Google

Arab Web clampdown hurts own economies, says Google

Deauville, France - Arab leaders were wrong to block Internet access in an effort to quell popular revolts as such…
Post Mubarak, US aid to Egypt takes new shape

Post Mubarak, US aid to Egypt takes new shape

The new chapter in the history of US aid to Egypt involves a new but untested model that will focus…
Government mulls recognition of illegal land sales

Government mulls recognition of illegal land sales

  The Investment Disputes Settlement Committee plans to discuss a draft law to recognize sales of state-owned land since 1998.…
Bankers: Foreign financial aid to Egypt will be of little help

Bankers: Foreign financial aid to Egypt will be of little help

Bankers and economic experts said on Wednesday that international financial assistance provided by the United States, Saudi Arabia and the…
US$3 bln in IMF loans to Egypt

US$3 bln in IMF loans to Egypt

The International Monetary Fund (IMF) will announce a US$3 billion loan to support the Egyptian economy in a few days,…
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