Business
Jordan agrees to price-increase for Egyptian gas exports
June 20, 2011
Jordan agrees to price-increase for Egyptian gas exports
Egyptian Petroleum Ministry officials on Monday said negotiations with Jordan succeeded in raising the price of Egyptian gas exports from…
Minister: Egypt tourism to rebound to pre-revolution levels in September
June 20, 2011
Minister: Egypt tourism to rebound to pre-revolution levels in September
The number of tourists visiting Egypt will return to pre-revolution levels in September, Tourism Minister Mounir Fakhri Abdel Nour predicted…
Economic Research Center: Mubarak misappropriated US$185 bn of foreign aid
June 19, 2011
Economic Research Center: Mubarak misappropriated US$185 bn of foreign aid
A recent study by the Economic Research Center said deposed President Hosni Mubarak misappropriated US$185 billion – or 87 percent…
Apache finds oil, gas in Egypt’s Western Desert
June 17, 2011
Apache finds oil, gas in Egypt’s Western Desert
Houston - Apache Corp made five new oil and natural gas discoveries in the Faghur Basin in Egypt's Western Desert,…
Citigroup criticizes Egypt’s revenue estimates, predicts debt increase
June 16, 2011
Citigroup criticizes Egypt’s revenue estimates, predicts debt increase
According to an international report issued by Citi Investment Research & Analysis, the Egyptian economy is at a crossroads following…
Government to push river transport as cost saver
June 16, 2011
Government to push river transport as cost saver
Egyptian authorities announced Thursday that the volume of river traffic in 2010 more than tripled compared to the year before,…
Businessmen accuse government of harming exports
June 15, 2011
Businessmen accuse government of harming exports
A number of owners of private sector companies have criticized the government's decision to reduce export subsidies, arguing that it…
Tourism down in April compared to 2010
June 15, 2011
Tourism down in April compared to 2010
The number of international tourists visiting Egypt decreased by 35.7 percent in April compared to the same month in 2010,…
Minister: Communication industry performance difficult to predict
June 15, 2011
Minister: Communication industry performance difficult to predict
Egypt's communications and information technology minister on Wednesday said it is difficult to predict how his sector will perform in…
Egypt’s Olympic denies ex-CEO given travel ban
June 14, 2011
Egypt’s Olympic denies ex-CEO given travel ban
Egyptian appliance maker Olympic Group on Tuesday denied a report that its former chief executive was banned from travel pending…