economy

12,000 tourists arrive in Hurghada on Saturday
Egypt

12,000 tourists arrive in Hurghada on Saturday

Airplane passenger numbers at Hurghada International Airport on Saturday are highest since the start of the 25 January revolution in…
IMF mission to visit Egypt Monday
Business

IMF mission to visit Egypt Monday

An International Monetary Fund mission will begin a four-day visit to Egypt on Monday to meet with government leaders, after…
Plan to save economy underway, says cabinet
Business

Plan to save economy underway, says cabinet

The cabinet is implementing a quick and comprehensive plan to revamp the economy and tame the budget deficit, the foreign…
Eurozone instability threatens Egypt
Business

Eurozone instability threatens Egypt

As the country struggles to get back on its economic feet, Egypt’s neighbors across the Mediterranean may be on the…
Moussa fears elections will be rigged in favor of SCAF-backed candidate
Egypt

Moussa fears elections will be rigged in favor of SCAF-backed candidate

Presidential hopeful Amr Moussa warned of conspiracies seeking to hijack the revolution, and called on people to protect it and…
Gas and butane prices pushed inflation up to 10.9% in February
Business

Gas and butane prices pushed inflation up to 10.9% in February

The urban consumer price index for February this year was 121.1 versus 110.9 a year earlier, pushed up by the…
Mother sells baby for LE50,000 over financial strait
Egypt

Mother sells baby for LE50,000 over financial strait

A mother has sold her 8-month-old infant to a wealthy family without children for LE50,000, according to state-run Al-Ahram newspaper’s…
Egyptian government bonds available in Saudi Arabia
Egypt

Egyptian government bonds available in Saudi Arabia

Riyadh — Egyptian government bonds are now available for purchase by Egyptians living in Saudi Arabia, the Egyptian Embassy in…
Egypt foreign reserves stand at $15.7 billion
Business

Egypt foreign reserves stand at $15.7 billion

Egypt's Central Bank says the country's net foreign reserves dropped again in February, but by less than any month since…
Incoming tourism in Egypt declined during 2011, says government report
Business

Incoming tourism in Egypt declined during 2011, says government report

The number of international tourists to Egypt declined during the last quarter of 2011 by 29.2 percent, at 2.9 million…
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