Business
Egypt to host French travel agents conference in January
December 27, 2010
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
December 27, 2010
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
December 26, 2010
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”
December 26, 2010
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
December 26, 2010
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
December 26, 2010
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
December 26, 2010
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
December 26, 2010
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
December 25, 2010
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
December 24, 2010
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…