economy
Egypt world’s second fastest growing tourist destination for 2017: UN World Tourism Organization
Egypt
August 9, 2017
Egypt world’s second fastest growing tourist destination for 2017: UN World Tourism Organization
The United Nations World Tourism Organization (UNWTO) released a report this week ranking Egypt’s tourism market as the second-fastest growing in…
Coming to you from Kerdasa: Egypt’s first mini-car
Features/Interviews
August 8, 2017
Coming to you from Kerdasa: Egypt’s first mini-car
In Egypt, where many suffer under economic hardship, 35-year-old entrepreneur Ahmed Saeed al-Feki has been working hard to make something…
Egypt’s SICO Technology to locally produce smartphone for the first time in November
Technology
August 7, 2017
Egypt’s SICO Technology to locally produce smartphone for the first time in November
Sico Technology, an Egyptian-based company, recently announced that it will receive equipment to produce the first Egyptian-made smartphone in November. The company, which…
Egypt increases cost of water by up to 50%
Egypt
August 3, 2017
Egypt increases cost of water by up to 50%
Egypt’s Prime Minister Sherif Ismail signed off on Wednesday to raise drinking water and sewage fees starting August by as…
Egypt Reserves Reach Record High of Over $36 Billion
Economy
August 2, 2017
Egypt Reserves Reach Record High of Over $36 Billion
Egypt’s foreign reserves reached $36.036 billion in July, a record high, which the prime minister described as “good news” as…
34% of Egyptians decreased their consumption following waves of subsidy cuts: Baseera
Features/Interviews
July 31, 2017
34% of Egyptians decreased their consumption following waves of subsidy cuts: Baseera
A poll conducted by the Egyptian Center for Public Opinion Research (Baseera) stated on Monday that 34 percent of Egyptians…
Sisi discusses Matruh development with governor
Egypt
July 26, 2017
Sisi discusses Matruh development with governor
President Abdel Fattah al-Sisi met on Wednesday with Matruh governor Alaa Abu Zeid to discuss a number of development projects…
No booking cancellations despite Hurghada knife attack: Reuters
Life & Style
July 18, 2017
No booking cancellations despite Hurghada knife attack: Reuters
Egyptian tourism investors and workers in the sector told Reuters on Monday that no hotel reservations have been cancelled despite…
US dollar exchange rate surpasses LE18
Economy
July 17, 2017
US dollar exchange rate surpasses LE18
The US Dollar exchange rate against the Egyptian Pound slightly rose on Sunday within the banking sector to settle above LE18.…
Egypt raises electricity prices and prolongs subsidies for added three years
Egypt
July 6, 2017
Egypt raises electricity prices and prolongs subsidies for added three years
Egypt will hike household electricity prices by up to 40 percent this fiscal year, but will keep energy subsidies in…