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Tourism declined 33 percent, says minister
Egypt

Tourism declined 33 percent, says minister

The number of tourists who visited Egypt in 2011 declined 33 percent from 2010, Tourism Minister Mounir Fakhry Abdel Nour…
Suez Canal earnings top $5bn for 2011
Business

Suez Canal earnings top $5bn for 2011

Egypt's Suez Canal Authority earned 5.22 billion dollars in revenues 2011, almost half a billion dollars more than the revenues…
Government to reduce spending in bid to offset budget deficit
Business

Government to reduce spending in bid to offset budget deficit

A Finance Ministry official has said that the government plans to reduce its spending in order to offset the state…
Tourism Ministry predicts losses of US$3 billion by year-end
Business

Tourism Ministry predicts losses of US$3 billion by year-end

Samy Mahmoud, head of the Ministry of Tourism’s international tourism department, said on Monday that the industry's total revenues for…
Unlicensed bazaars cost Egypt an annual LE1 billion in lost revenue
Business

Unlicensed bazaars cost Egypt an annual LE1 billion in lost revenue

Egyptian Chamber of Tourist Commodities Director Mohamed al-Qattan said the government has begun to limit the proliferation of unlicensed bazaars…
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