Business
Report: Egyptian expat summer vacationers from Gulf down 50%
August 25, 2011
Report: Egyptian expat summer vacationers from Gulf down 50%
The number of Egyptian expatriates living in the Gulf states who vacation in Egypt during June and July has declined…
Agriculture minister: Egypt to revive cotton farming
August 25, 2011
Agriculture minister: Egypt to revive cotton farming
The ministries of Agriculture and Trade and Industry are hoping to revive the local cotton industry with a combination of incentives,…
Egyptian economy in ‘alarming’ state, says EU ambassador
August 24, 2011
Egyptian economy in ‘alarming’ state, says EU ambassador
European Union Ambassador Marc Franco has expressed concern over the Egyptian economy, which he said is in an “alarming” state,…
Achieving high growth rates will take 3-5 years, says Central Bank governor
August 24, 2011
Achieving high growth rates will take 3-5 years, says Central Bank governor
Central Bank Governor Farouq al-Oqda said on Wednesday that the economy needs three to five years to achieve high growth…
Businessmen transfer millions of Libyan dinars to Egypt
August 24, 2011
Businessmen transfer millions of Libyan dinars to Egypt
Libyan dinar exchange rates against the Egyptian pound jumped considerably after Libyan revolutionaries gained control of Tripoli, sparking hopes of…
Food prices rise in July
August 24, 2011
Food prices rise in July
The prices of food commodities rose in July in comparison to June, according to a monthly government report the Central…
Ambassador: Saudi Arabia will not end economic support for Egypt
August 24, 2011
Ambassador: Saudi Arabia will not end economic support for Egypt
Saudi Arabia will not halt its economic support of Egypt, Saudi Ambassador to Cairo Ahmed Qattan said Tuesday. The kingdom…
Egypt’s economy in bottle neck, says deputy prime minister
August 23, 2011
Egypt’s economy in bottle neck, says deputy prime minister
Egypt’s economy is in a bottle neck, said Deputy Prime Minister Hazem al-Beblawy on Monday. “It will be for a…
Demands to halt fodder exports to KSA and Jordan amidst skyrocketing prices
August 23, 2011
Demands to halt fodder exports to KSA and Jordan amidst skyrocketing prices
Fodder prices in Egypt have skyrocketed in recent months, leading to rising costs of milk and meat production, said Tarek…
American wheat accounts for 45% of govt wheat imports
August 23, 2011
American wheat accounts for 45% of govt wheat imports
American wheat accounts for 45 percent of all flour imported by the government so far in the fiscal year 2011/2012,…