economy
Egypt discovers three new Gaza tunnels
Egypt
June 27, 2011
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
June 22, 2011
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
June 12, 2011
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
June 12, 2011
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
June 12, 2011
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
June 10, 2011
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
June 8, 2011
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
June 8, 2011
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
June 6, 2011
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
June 2, 2011
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…