Business

Egypt still in talks with IMF on up to US$4 bln loan

Egypt still in talks with IMF on up to US$4 bln loan

Kuwait--Egypt's government is still in talks with the International Monetary Fund for a US$3 billion to US$4 billion loan and…
Meat prices down, staples up in March

Meat prices down, staples up in March

The average price of beef has dropped from LE59.61 per kilogram in February to LE55.61in March, a decrease of 6.7…
Ambassador expects rise in Swedish tourists by September

Ambassador expects rise in Swedish tourists by September

Swedish Ambassador to Egypt Malin Kärre said she expects the number of Swedish tourists visiting Egypt to rise by September,…
Egypt court scraps land sale to Palm Hills

Egypt court scraps land sale to Palm Hills

CAIRO - An Egyptian court ruled on Tuesday that the sale of state land to Palm Hills Development, the country's…
Dispute over Toshka project land over, Saudi prince says

Dispute over Toshka project land over, Saudi prince says

Saudi Prince al-Walid bin Talal has announced that the dispute with Egypt on Toshka project land is resolved, after a…
Hotels in Egypt decrease accomodation prices during spring holidays

Hotels in Egypt decrease accomodation prices during spring holidays

Several hotels based in Egypt reduced accommodation prices during spring holidays, particularly in Red Sea resorts, to face the decline…
Spinning and weaving company demands dumping duties for imported yarn

Spinning and weaving company demands dumping duties for imported yarn

The Holding Company for Spinning and Weaving drafted a memo calling for the imposition of dumping duties on imports of…
USAID’s Egypt program to address economic development

USAID’s Egypt program to address economic development

The US Agency for International Development (USAID) has announced that its annual assitance program in Egypt, sheduled to be implemented…
Egyptian PM to meet Prince Al-Waleed bin Talal in Riyadh

Egyptian PM to meet Prince Al-Waleed bin Talal in Riyadh

Saudi Prince Al-Waleed bin Talal will meet with Egyptian Prime Minister Essam Sharaf to finalize bin Talal’s agreement with the…
Government to double food subsidies

Government to double food subsidies

An official source said the government plans to double subsidies of ration card commodities, amounting to LE26 billion this fiscal…
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