Business

Conferences, weddings save hotels from closing

Conferences, weddings save hotels from closing

An Egyptian tourism committee said on Sunday that Egypt's hotels are depending on non-tourist activities such as conferences and wedding…
Orascom: Little progress yet on Djezzy row

Orascom: Little progress yet on Djezzy row

Orascom Telecom has made scant progress resolving its row with Algeria but a solution may be more likely now, its…
Officials bank on graft-free image to attact foreign investors

Officials bank on graft-free image to attact foreign investors

A decline in corruption since the 25 January revolution is likely to lead to an increase in foreign investment in…
Govt report: Tourist flow down 45.7% January through March

Govt report: Tourist flow down 45.7% January through March

The number of tourists arriving in Egypt fell by 45.7 percent to nearly 1.9 million between January and March of…
Egypt considers importing butane from Iran, Algeria

Egypt considers importing butane from Iran, Algeria

To offset the mounting shortage of butane gas, Egypt's General Petroleum Corporation is mulling whether to import the natural resource…
Investment Authority: Pardons restore confidence in Egypt’s economy

Investment Authority: Pardons restore confidence in Egypt’s economy

The draft law to grant businessmen criminal pardons would restore confidence in the Egyptian economy and promote foreign investments, said…
Finance ministry policies against people’s will, says rights group

Finance ministry policies against people’s will, says rights group

Budgetary and Human Rights Observatory (BAHRO) criticized the media campaign which says that Egypt's economy is at stake and that…
Ministry: We didn’t link price increases with gas supply to Jordan

Ministry: We didn’t link price increases with gas supply to Jordan

A high official at the Ministry of Petroleum denied the ministry requested price increases as a condition for resuming natural…
Finance minister: Saudi Arabia offers US$200 million in aid

Finance minister: Saudi Arabia offers US$200 million in aid

Finance Minister Samir Radwan on Thursday said Saudi Arabia has offered the Egyptian government US$200 million in financial aid to…
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