economy

SCAF set to approve state budget, says Cabinet source
Business

SCAF set to approve state budget, says Cabinet source

The Supreme Council of the Armed Forces is set to approve the state budget for the fiscal year 2012/2013 within…
Egypt gets US$1 bn from Saudis, clearing IMF hurdle
Business

Egypt gets US$1 bn from Saudis, clearing IMF hurdle

Saudi Arabia has transferred US$1 billion to Egypt's central bank, an Egyptian minister said on Thursday, in a move seen…
Parliamentary committee calls for an economic boycott of Israel
Egypt

Parliamentary committee calls for an economic boycott of Israel

MP Mohamed Idris, chairman of Parliament’s Arab Affairs Committee, called for an economic boycott of Israel on Monday, following reports…
Arab Spring cost region 7 million tourists in 2011
Business

Arab Spring cost region 7 million tourists in 2011

Political unrest cost the Middle East 5 million and North Africa 2 million tourists in 2011, according to the United…
Saudi economist warns of Egypt-Saudi political standoff repercussions
Egypt

Saudi economist warns of Egypt-Saudi political standoff repercussions

A Saudi economic expert has warned of the economic repercussions of the current political crisis between Egypt and Saudi Arabia.…
On economics, presidential platforms offer broad strokes
Egypt

On economics, presidential platforms offer broad strokes

The media and economists frequently ring alarm bells about Egypt’s bleeding treasury and looming cash crisis. It is not uncommon…
50% increase in Egypt-Saudi trade volume in 2012
Business

50% increase in Egypt-Saudi trade volume in 2012

The amount of trade between Egypt and Saudi Arabia increased during the first quarter of 2012 by 50 percent, compared…
Grandparents find themselves taking the initiative in providing for youngsters
Life & Style

Grandparents find themselves taking the initiative in providing for youngsters

For eight years Dana Moustafa* lived with her husband and children in her parent’s basement. Her husband’s job was inconsistent…
Govt report: Growth of GDP, construction sector revitalize economy
Business

Govt report: Growth of GDP, construction sector revitalize economy

The Egyptian economy partially recovered in the second quarter of the fiscal year 2011/2012, from October to December, according to…
Highest number of tourists since 25 January 2011 arrive in Hurghada Saturday
Egypt

Highest number of tourists since 25 January 2011 arrive in Hurghada Saturday

Around 14,000 tourists have arrived so far on Saturday at Hurghada International Airport, the highest number of tourists to visit the resort…
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