economy

Egypt discovers three new Gaza tunnels
Egypt

Egypt discovers three new Gaza tunnels

Egyptian authorities on Monday discovered three underground tunnels on the borders with the Palestinian Gaza Strip. The discovery came as…
Cabinet approves draft state budget
Business

Cabinet approves draft state budget

The cabinet on Wednesday approved the draft state budget for the 2011/2012 fiscal year, prior to sending it to the…
Egypt’s economic growth rate drops to -4.2%
Business

Egypt’s economic growth rate drops to -4.2%

Planning and International Cooperation Minister Faiza Abul Naga said at a press conference on Sunday that the economic growth rate…
Food prices increased over 8 percent last week
Business

Food prices increased over 8 percent last week

Last week, the Egyptian market experienced an 8 to 11 percent increase in the price of foodstuffs such as rice,…
PM pledges major national projects to attract investments
Egypt

PM pledges major national projects to attract investments

Egypt's interim Prime Minister Essam Sharaf declared on Saturday that his government has drawn up a number of major projects…
Analysts, business leaders critical of tax revisions
Business

Analysts, business leaders critical of tax revisions

Caught between a capitalist logic to encourage investments in a slowing economy, and a revolutionary reality that demands immediate attention…
Egypt’s new budget falls short of hopes
Business

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%
Business

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…
Tourism at Egyptian Museum expected to decline during summer
Business

Tourism at Egyptian Museum expected to decline during summer

The head of the Egyptian Museum has said he expects less visitors this summer at the museum, located in downtown…
Revolution leaves Egypt without dictator, but also without tourists
Business

Revolution leaves Egypt without dictator, but also without tourists

As political turmoil and sectarian strife continue to afflict post-uprising Egypt, the tourism industry is struggling to get its high…
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