economy
Following two waves of fuel hikes, Egypt’s middle-class succumb to austerity
Features/Interviews
July 5, 2017
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
July 4, 2017
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
July 3, 2017
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
June 24, 2017
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
June 21, 2017
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…
Minister of Investment and International Cooperation signs agreements worth €203.5 million with Germany
Business
June 13, 2017
Minister of Investment and International Cooperation signs agreements worth €203.5 million with Germany
On the sidelines of the visit of President Abdel Fattah al-Sisi to Germany on Monday, Egypt’s Minister of Investment and…
Senior officials resign from Supreme Tourism Council, call for Minister’s sacking
Egypt
June 7, 2017
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
June 5, 2017
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
June 5, 2017
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
June 1, 2017
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…