Fri 29 Apr 2011
0:47
Cairo Airport
- 22 °C
Economy news
25 Apr 2011
Several hotels based in Egypt reduced accommodation prices during spring holidays, particularly in Red Sea resorts, to face the decline in tourism.
Sherif Bahaa, head of marketing at a well-known hotel, said the occupancy rate in Taba...
Yes
25 Apr 2011
The Holding Company for Spinning and Weaving drafted a memo calling for the imposition of dumping duties on imports of yarn. The memo will be submitted to Minister of Trade and Industry Samir al-Sayyad.
Mohsen al-Geelani, head of the...
Yes
24 Apr 2011
The US Agency for International Development (USAID) has announced that its annual assitance program in Egypt, sheduled to be implemented in mid 2011, should satisfy the direct needs of Egypt in the fields of employment, economic...
Yes
24 Apr 2011
Saudi Prince Al-Waleed bin Talal will meet with Egyptian Prime Minister Essam Sharaf to finalize bin Talal’s agreement with the Egyptian government on Toshka, an area near Aswan where he owns disputed lands.
The meeting was announced...
Yes
22 Apr 2011
An official source said the government plans to double subsidies of ration card commodities, amounting to LE26 billion this fiscal year.
The source said the decision was made in response to the global price increases of wheat, sugar and...
Yes
21 Apr 2011
Jordanian Minister of Energy and Mineral Resources Khaled Toukan anticipates Jordan and Egypt will reach a new agreement on gas exports by the end of April.
Egypt wants to negotiate the price and quantity of natural gas it supplies to...
Yes
20 Apr 2011
Minister of Tourism Mounir Fakhry Abdel Nour has warned investors in land intended for tourism-related purposes that their land will be confiscated if they do not appear to be taking their responsibilities seriously.
“Land will be...
Yes
20 Apr 2011
The Ministry of Agriculture and the Kingdom Agricultural Development Co. have reached a settlement on the controversial Toshka land deal signed by Saudi Prince Al-Waleed bin Talal, the company's owner, in 2008.
The agreement was...
Yes
20 Apr 2011
Egypt could face difficulties in obtaining foreign loans, warned banking experts, after Moody's revised its outlook on Egypt's banking system to "negative" from "stable".
Basant Fahmi, a consultant at the...
Yes
19 Apr 2011
Egypt experienced a significant decline in the import of meat and poultry during the month of March, said Egyptian importers on Tuesday, pointing out that there are many obstacles preventing import levels from returning to their norm....
Yes
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