Business
Citigroup criticizes Egypt’s revenue estimates, predicts debt increase
June 16, 2011
Citigroup criticizes Egypt’s revenue estimates, predicts debt increase
According to an international report issued by Citi Investment Research & Analysis, the Egyptian economy is at a crossroads following…
Government to push river transport as cost saver
June 16, 2011
Government to push river transport as cost saver
Egyptian authorities announced Thursday that the volume of river traffic in 2010 more than tripled compared to the year before,…
Businessmen accuse government of harming exports
June 15, 2011
Businessmen accuse government of harming exports
A number of owners of private sector companies have criticized the government's decision to reduce export subsidies, arguing that it…
Tourism down in April compared to 2010
June 15, 2011
Tourism down in April compared to 2010
The number of international tourists visiting Egypt decreased by 35.7 percent in April compared to the same month in 2010,…
Minister: Communication industry performance difficult to predict
June 15, 2011
Minister: Communication industry performance difficult to predict
Egypt's communications and information technology minister on Wednesday said it is difficult to predict how his sector will perform in…
Egypt’s Olympic denies ex-CEO given travel ban
June 14, 2011
Egypt’s Olympic denies ex-CEO given travel ban
Egyptian appliance maker Olympic Group on Tuesday denied a report that its former chief executive was banned from travel pending…
Expats in Canada set up investment fund for Egypt projects
June 13, 2011
Expats in Canada set up investment fund for Egypt projects
President of the Canadian Chamber of Commerce Fayez Ezzeddin has announced that the Egyptian community plans to establish a US$1…
LE150 million to develop shantytowns
June 13, 2011
LE150 million to develop shantytowns
Prime Minister Essam Sharaf has endorsed LE150 million to develop 383 shantytowns in 27 different governorates. “We are classifying the…
Banque du Caire negotiates US$2 bn loan for petroleum sector
June 13, 2011
Banque du Caire negotiates US$2 bn loan for petroleum sector
Banque du Caire has started negotiations with Petroleum Export Limited to secure a US$2 billion loan to finance imports of…
Egypt’s economic growth rate drops to -4.2%
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…