Business
Hotel occupancy drops 15 percent in Sinai after attack
August 18, 2012
Hotel occupancy drops 15 percent in Sinai after attack
Tourism Minister Hesham Zaazou said hotel occupancy dropped by 15 percent in Sinai just 48 hours after the Rafah attack.…
Mobinil executive: State attempting to monopolize market
August 15, 2012
Mobinil executive: State attempting to monopolize market
The deputy chairman of Egyptian mobile service provider Mobinil, Ashraf Halim, has criticized the Egyptian government for plans to directly…
Update: IMF chief to visit Egypt on 22 Aug, Cairo may seek $4.8 bln
August 15, 2012
Update: IMF chief to visit Egypt on 22 Aug, Cairo may seek $4.8 bln
International Monetary Fund chief Christine Lagarde will visit Egypt next week in a show of IMF support for Egypt's…
Egypt and World Bank sign US$200 million loan aimed at creating quarter million jobs
August 14, 2012
Egypt and World Bank sign US$200 million loan aimed at creating quarter million jobs
Egyptian Cabinet ministers and World Bank officials have signed off on a US$200 million project aimed at creating 250,000 jobs…
Oil exports increased by 8.9% to pay off debts
August 14, 2012
Oil exports increased by 8.9% to pay off debts
Sources within the Petroleum Ministry said Monday that the ministry has increased exports of liquefied natural gas through the Damietta…
Centamin on track despite ‘challenging’ Egypt
August 14, 2012
Centamin on track despite ‘challenging’ Egypt
Egypt-focused gold miner Centamin said its activities and expansion plan were on track despite challenging political and fiscal conditions, labor…
Grain market steadies after pullback, Egypt seeks more wheat
August 14, 2012
Grain market steadies after pullback, Egypt seeks more wheat
Chicago grain and soybean futures edged higher on Tuesday after a two-day pullback as technical support and weather disruption to…
Removal of Tantawi and Anan looks positive but Egypt still at risk, says Fitch
August 14, 2012
Removal of Tantawi and Anan looks positive but Egypt still at risk, says Fitch
Fitch Ratings has said that President Mohamed Morsy's removal of the two senior leaders of the Supreme Council of…
Egypt to sign US$200 mn World Bank loan
August 13, 2012
Egypt to sign US$200 mn World Bank loan
Egypt will sign a US$200 million loan with the World Bank Tuesday, state news agency MENA reported. Planning and International…