Egypt economy
Hours after 19 tourists die in Luxor, Tourism Ministry touts high tourist numbers in January
Business
February 28, 2013
Hours after 19 tourists die in Luxor, Tourism Ministry touts high tourist numbers in January
Just hours after 19 tourists died in Luxor in a hot air balloon crash, the Tourism Ministry released a report…
Bakers threaten strike if govt doesn’t shelve new bread subsidy plan
Business
February 25, 2013
Bakers threaten strike if govt doesn’t shelve new bread subsidy plan
Bakeries across the nation have threatened to shut down if the government doesn't reconsider a new subsidization system for bread…
Ministry seeks tourism boost after Ahmadinejad visit
Business
February 25, 2013
Ministry seeks tourism boost after Ahmadinejad visit
Tourism Minister Hesham Zaazou is heading to Tehran, the government said on Sunday, as Cairo tries to halt sliding visitor…
Minister: IMF loan talks to resume in early March
Business
February 25, 2013
Minister: IMF loan talks to resume in early March
Egypt will resume talks with the International Monetary Fund on financial aid early next month, Investment Minister Osama Saleh said…
IMF will decide when to visit Cairo after reviewing Cabinet’s reforms
Egypt
February 14, 2013
IMF will decide when to visit Cairo after reviewing Cabinet’s reforms
The government is working to amend its economic reform program before it agrees on the date of an International Monetary…
Stock market loses LE500 million on Thursday
Business
February 14, 2013
Stock market loses LE500 million on Thursday
After a shaky day for the market, stock indexes closed with a LE500 million loss on Thursday. The main index…
Damietta LNG plant idled as Egypt keeps its gas at home
Business
February 8, 2013
Damietta LNG plant idled as Egypt keeps its gas at home
The Damietta liquefied natural gas facility in Egypt is not operating due to a lack of feed gas as the…
IMF postpones loan talks, again
Egypt
February 7, 2013
IMF postpones loan talks, again
The International Monetary Fund has once again postponed negotations on a long-awaited US$4.8 billion loan to Egypt, said a government…
Egypt, Turkey hope to double bilateral trade, says Morsy
Business
February 7, 2013
Egypt, Turkey hope to double bilateral trade, says Morsy
Egypt and Turkey plan to double trade transactions between the two countries over the next few years, announced President Mohamed…
Price hikes for food, medicine
Business
February 7, 2013
Price hikes for food, medicine
The overall index of food prices went up by 1 percent last week, said Osama Sultan of the Federation of…