Business

Egypt to host French travel agents conference in January

Egypt to host French travel agents conference in January

Approximately 450 French travel agents are expected to participate in the French Travel Agents Union conference, hosted from 22-26 January…
Egypt eyes LE1.2 trillion for private sector investment

Egypt eyes LE1.2 trillion for private sector investment

Egypt aims to increase private sector investment to LE1.2 trillion within the next five years, according to Minister of Trade…
Spinning and weaving companies to halt operations due to low cotton supply

Spinning and weaving companies to halt operations due to low cotton supply

Egyptian spinning and weaving companies may be forced to stop operating for three weeks due to low cotton supplies, according…
Banks classify textile industries “risky”

Banks classify textile industries “risky”

Egyptian banks have placed restrictions on textile credit facilities and loans extended to factories after classifying the industry "risky," textile…
Current sugar reserves sufficient for 4 months, says ministry

Current sugar reserves sufficient for 4 months, says ministry

Egypthas sugar reserves for the next four months, said sources from the Ministry of Social Solidarity, adding that the recent…
Year Ender: Egyptian poor fail to feel benefits of economic recovery

Year Ender: Egyptian poor fail to feel benefits of economic recovery

In 2010, Egypt witnessed moderate economic recovery despite the international financial crisis. However, in a country where half of the…
Egypt concludes research on Saudi power linkage project

Egypt concludes research on Saudi power linkage project

Egyptian Minister of Electricity and Energy Hassan Younis on Sunday announced Egypt has concluded its research on a power linkage…
CAPMAS report highlights Egypt’s failing cotton production

CAPMAS report highlights Egypt’s failing cotton production

A government report released on Sunday reveals an 11.4 decline in Egyptian 2008/2009 cotton production in comparison to the previous…
Egypt’s hotel occupancy rates up despite sharks, Europe freeze

Egypt’s hotel occupancy rates up despite sharks, Europe freeze

Hotel occupancy rates in Cairo and the Red Sea governorates have risen by 7-8 percent from last year, an official…
UK investment in Egypt: a promising, yet challenged profile

UK investment in Egypt: a promising, yet challenged profile

London--Economic news from Europe is seldom good these days, and Britain is no exception. The government is currently embarking on…
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