economy

Following two waves of fuel hikes, Egypt’s middle-class succumb to austerity
Features/Interviews

Following two waves of fuel hikes, Egypt’s middle-class succumb to austerity

Omar Abdel Sattar has been navigating Cairo’s heavily jammed streets to attend business meetings ever since he started his job at a…
Number of tourists in May up by 32.9 percent: CAPMAS
Egypt

Number of tourists in May up by 32.9 percent: CAPMAS

The number of tourists that visited Egypt in May increased by 32.9 percent compared to last year, the Central Agency for Public…
Walt Disney lifts ban on merchandise produced in Egypt: Trade minister
Egypt

Walt Disney lifts ban on merchandise produced in Egypt: Trade minister

After four months of negotiations with Egyptian officials, Walt Disney Company has decided to lift the ban it placed on…
Tourism minister allocates $10 mn to promote Sharm El-Sheikh
Egypt

Tourism minister allocates $10 mn to promote Sharm El-Sheikh

In further efforts aiming to boost Egypt’s long ailing tourism industry, Minister of Tourism Yehia Rashed ordered the allocation of…
Sisi announces 7 measures aimed at easing economic hardship
Egypt

Sisi announces 7 measures aimed at easing economic hardship

Egypt is set to carry out numerous measures to “ease the burdens of the average Egyptian citizen,” President Abdel Fattah…
Senior officials resign from Supreme Tourism Council, call for Minister’s sacking
Egypt

Senior officials resign from Supreme Tourism Council, call for Minister’s sacking

A number of tourism sector representatives, including Chairman of the Red Sea Tourism Investment Association Kamel Abu Ali, have submitted…
Egypt’s central bank did not order to halt Qatari riyal transactions: statement
Economy

Egypt’s central bank did not order to halt Qatari riyal transactions: statement

Egypt’s central bank said it has not ordered banks to halt transactions in Qatari riyals, after six Arab nations, including…
Egypt’s foreign reserves rise to $31.125 bn
Economy

Egypt’s foreign reserves rise to $31.125 bn

The Central Bank of Egypt (CBE) announced Sunday that the country’s foreign reserves rose to $31.125 billion at the end…
Egypt to launch cruise lines with Greece in latest efforts to revive tourism
Economy

Egypt to launch cruise lines with Greece in latest efforts to revive tourism

As part of the state’s continuous efforts to attract additional tourists and revive the country’s ailing tourism industry, Egypt’s Ministry…
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