Business

British Gas announces new finding in Red Sea

British Gas announces new finding in Red Sea

The Petroleum Ministry said that the British Gas Company made a commercial gas finding in the Red Sea that has…
Don’t destroy beach tourism, Morsy told

Don’t destroy beach tourism, Morsy told

AIN SOKHNA — The beanbag chair decorated with Pharaonic-era rulers that Waleed displays has found another use since passing business…
Tourism rises in first half of 2012

Tourism rises in first half of 2012

Tourism Minister Mounir Fakhry Abdel Nour on Tuesday said that the number of tourists in Egypt during the first six…
Average family spends 40% on food and beverages, says CAPMAS

Average family spends 40% on food and beverages, says CAPMAS

A recent study by the Central Agency for Public Mobilization and Statistics has shown that the Egyptian family spends an…
Abouelnaga: FJP stalled IMF loan, Cabinet behind economic recovery

Abouelnaga: FJP stalled IMF loan, Cabinet behind economic recovery

Minister of Planning and International Cooperation Fayza Abouelnaga said on Monday that "the dissolved Parliament’s attitude was behind the failure…
Living on borrowed time: Morsy’s political economics

Living on borrowed time: Morsy’s political economics

President Mohamed Morsy is seeking to use public spending to build a base of support in diverse sectors of society,…
Shater’s son launches Zad, a new supermarket franchise

Shater’s son launches Zad, a new supermarket franchise

Saad al-Shater, managing director of the Zad Company and son of the Muslim Brotherhood Deputy Guide Khairat al-Shater, on Sunday said…
Feud between Brothers and military threatens fragile economy

Feud between Brothers and military threatens fragile economy

Egypt's new Islamist president and his old military foes have come out swinging in a struggle for political power, but…
Brown rot threatens potato exports

Brown rot threatens potato exports

Russia has discovered brown rot in a shipment of potatoes imported from Egypt, threatening to halt trade of the crop…
Stock market slumps on Parliament return

Stock market slumps on Parliament return

The stock market sharply declined Monday morning by 5.5 percent due to random selling by foreign investors over fears of…
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