Business
Egypt urban inflation falls to 8.5% in August
September 10, 2011
Egypt urban inflation falls to 8.5% in August
Egypt's urban consumer inflation was 8.5 percent in the 12 months to August, down from 10.4 percent in July, figures…
Tourism officials blast Egypt’s new visa restrictions
September 9, 2011
Tourism officials blast Egypt’s new visa restrictions
Two tourism officials have criticized the new government's policy of halting issuing visas for foreign travelers into Egypt. Amr el-Ezzaby,…
Western visitors to Egypt must obtain visas before arrival
September 8, 2011
Western visitors to Egypt must obtain visas before arrival
Egypt will require visas from all travelers prior to arriving in the country, ending decade-long unrestricted entry for American and…
Egypt expects fiscal year growth up to 3.5%
September 8, 2011
Egypt expects fiscal year growth up to 3.5%
Egypt's planning minister said on Thursday she expected an economic growth rate of 3 to 3.5 percent in the current…
Egypt says April-June budget deficit US$4.99 billion
September 8, 2011
Egypt says April-June budget deficit US$4.99 billion
Egypt's budget deficit fell to 29.8 billion Egyptian pounds (US$4.99 billion) in the April to June quarter from 31.6 billion…
Revised gas export contract with Jordan adds US$250 million in annual profits
September 7, 2011
Revised gas export contract with Jordan adds US$250 million in annual profits
The revised contract for exporting natural gas to Jordan adds an extra US$250 million in annual profits for Egypt, according…
Over 3 million Egyptian unemployed, according to official report
September 7, 2011
Over 3 million Egyptian unemployed, according to official report
There are 3.1 million unemployed people in Egypt, according to a report published by the Central Agency for Public Mobilization…
Egypt sees billions in aid from Saudi, UAE soon
September 7, 2011
Egypt sees billions in aid from Saudi, UAE soon
ABU DHABI - Egypt expects to reach a loan agreement with Saudi Arabia and the United Arab Emirates worth several…
Egypt to rely on local market for financing, says minister
September 7, 2011
Egypt to rely on local market for financing, says minister
ABU DHABI - Egypt has no plans to issue an international bond currently and will rely on local market to…
Central Bank official: No maximum wage for public banks’ leaders
September 7, 2011
Central Bank official: No maximum wage for public banks’ leaders
A maximum wage for the leaderships of the Central Bank of Egypt (CBE) and the presidents of public banks has…