Business
Egypt expects tourism rebound in 2012, security key
December 30, 2011
Egypt expects tourism rebound in 2012, security key
Egypt expects tourism revenues to rebound by more than a third next year if the country's security situation improves in…
Activists challenge European Investment Bank’s ties to EFG Hermes
December 29, 2011
Activists challenge European Investment Bank’s ties to EFG Hermes
The Egyptian investment bank EFG Hermes had Gamal Mubarak, once considered the next heir to Egypt’s presidency and now on…
IMF plans to visit Egypt in January after canceling December visit
December 28, 2011
IMF plans to visit Egypt in January after canceling December visit
The International Monetary Fund (IMF) said it postponed a visit to Cairo in mid-December for security reasons but plans to…
Business owners feel effects of Egyptian currency’s depreciation
December 27, 2011
Business owners feel effects of Egyptian currency’s depreciation
After Egyptian pound slid to its lowest value in seven years this week, Egyptian business owners are feeling its effects.…
IMF cancels planned Cairo visit to negotiate loan
December 26, 2011
IMF cancels planned Cairo visit to negotiate loan
The International Monetary Fund (IMF) cancelled a planned January visit in Cairo to negotiate a loan of US$3.2 billion, an…
Rights report: Teachers recorded largest number of protests in December
December 26, 2011
Rights report: Teachers recorded largest number of protests in December
The education sector saw the largest number of strikes of any sector during the first half of December, according to…
Govt issues bonds to stem decline of foreign reserves
December 25, 2011
Govt issues bonds to stem decline of foreign reserves
The Finance Ministry recently offered treasury bills worth US$2.5 billion in an effort to improve cash flow and stem withdrawals…
Egypt, Jordan sign amended gas deal
December 21, 2011
Egypt, Jordan sign amended gas deal
Egypt and Jordan on Wednesday signed an agreement amending the price of gas exported to Jordan. The deal was signed…
Experts question government efforts to promote investment
December 21, 2011
Experts question government efforts to promote investment
Investors and experts have criticized a recent announcement by Prime Minister Kamal al-Ganzouri that the government is seeking to attract…