economy

34% of Egyptians decreased their consumption following waves of subsidy cuts: Baseera
Features/Interviews

34% of Egyptians decreased their consumption following waves of subsidy cuts: Baseera

A poll conducted by the Egyptian Center for Public Opinion Research (Baseera) stated on Monday that 34 percent of Egyptians…
Sisi discusses Matruh development with governor
Egypt

Sisi discusses Matruh development with governor

President Abdel Fattah al-Sisi met on Wednesday with Matruh governor Alaa Abu Zeid to discuss a number of development projects…
No booking cancellations despite Hurghada knife attack: Reuters
Life & Style

No booking cancellations despite Hurghada knife attack: Reuters

Egyptian tourism investors and workers in the sector told Reuters on Monday that no hotel reservations have been cancelled despite…
US dollar exchange rate surpasses LE18
Economy

US dollar exchange rate surpasses LE18

The US Dollar exchange rate against the Egyptian Pound slightly rose on Sunday within the banking sector to settle above LE18.…
Egypt raises electricity prices and prolongs subsidies for added three years
Egypt

Egypt raises electricity prices and prolongs subsidies for added three years

Egypt will hike household electricity prices by up to 40 percent this fiscal year, but will keep energy subsidies in…
Following two waves of fuel hikes, Egypt’s middle-class succumb to austerity
Features/Interviews

Following two waves of fuel hikes, Egypt’s middle-class succumb to austerity

Omar Abdel Sattar has been navigating Cairo’s heavily jammed streets to attend business meetings ever since he started his job at a…
Number of tourists in May up by 32.9 percent: CAPMAS
Egypt

Number of tourists in May up by 32.9 percent: CAPMAS

The number of tourists that visited Egypt in May increased by 32.9 percent compared to last year, the Central Agency for Public…
Walt Disney lifts ban on merchandise produced in Egypt: Trade minister
Egypt

Walt Disney lifts ban on merchandise produced in Egypt: Trade minister

After four months of negotiations with Egyptian officials, Walt Disney Company has decided to lift the ban it placed on…
Tourism minister allocates $10 mn to promote Sharm El-Sheikh
Egypt

Tourism minister allocates $10 mn to promote Sharm El-Sheikh

In further efforts aiming to boost Egypt’s long ailing tourism industry, Minister of Tourism Yehia Rashed ordered the allocation of…
Sisi announces 7 measures aimed at easing economic hardship
Egypt

Sisi announces 7 measures aimed at easing economic hardship

Egypt is set to carry out numerous measures to “ease the burdens of the average Egyptian citizen,” President Abdel Fattah…
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