News
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Egypt received more than 20k tourists on Sunday
Egyptian international airports on Sunday received some 21,500 tourists despite the pro-democracy protests.
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Thomas Cook sells businesses serving Egypt, Lebanon
Thomas Cook said it would receive 6.5 million pounds in cash for the two businesses which generated an operating profit of 900,000 pounds.
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Nuclear sites and tourism - Egypt is about to implement
Egypt is taking steps towards launching its first power-generating nuclear plant in Dabaa, located on the Mediterranean Coast.
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Tourism rates improved in Sharm el-Sheikh: governor
Fouda said he expected tourism in Sharm el-Sheikh to return to normal before the beginning of November.
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Egypt to launch first nuclear power plant in Dabaa: President
President Mansour's 1973 anniversary speech includes plans to re-start nuclear power project and Suez Canal development plant.
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Egypt puts price controls on fruit and vegetables
Consumers have complained of a rapid increase in produce prices over the last few months.
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Kenya to diversify exports to Egypt
Tea accounts for 95 percent of exports to Egypt and Kenya is looking at introducing horticulture, livestock, beverages and services to exports.
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Egypt foreign reserves fall by $206 mln in September
Egypt’s foreign reserves fell by $206 million in September to $18.71 billion, the central bank said on Thursday.
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Kuwait to loan Egypt $106 million to develop railway
Kuwaiti development fund loans Egypt $106 million at 2.5% interest over twenty years for $333.5 million railway development project.
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Egypt's government says subsidy cuts will not affect fuel prices
Egypt's Ministry of Petroleum is currently revising a long-established subsidy system for petroleum products.
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Hurghada Airport receives 1,000 German tourists
The airport also provided means of transportation for the tourists to take them to their hotels and resorts.
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Egypt freezes tourism activities with Iran over security concerns
“Egypt will freeze tourism activities with Iran for national security reasons,” Tourism Minister Hesham Zazou said.
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Egypt business activity shrinks for 12th month
Egyptian business activity shrank for the 12th straight month in September as both output and new orders fell, a survey showed on Wednesday.
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Can Gulf money save Egypt's economy?
Egypt has received nearly $20 billion in loans & grants from its Gulf allies. But the price of political stability is a lot higher.
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Egypt’s record startups confront economy paralyzed by unrest
The proliferation of enterprises reflects a nation looking for new ways to subsist amid the worst economic slump in two decades.
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Egypt's economy to miss government growth forecasts: Reuters poll
Chances for an economic rebound were hurt by a violent crackdown of supporters of Islamist President Mohamed Mursi.
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Central Bank of Egypt freezes Gaddafi funds
The UN Security Council approved the decision on the 17th September and notified the banks on the 24th to ensure all assets are frozen.
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Financial measures to secure the cost of minimum wage application
Minister Galal pointed out that the State budget deficit reached EGP 240 billion at the end of June.
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Tourism in Egypt down 80%: minister
Tourists visiting Sharm al-Sheikh and Hurghada dropped by 25% compared with the same period last year.
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Subsidy cuts and tax amendments in Egypt's near future: Ministers
Egypt's interim government intends to cut fuel subsidies, amend taxes before it leaves office, officials say.