Ministry of Tourism seeking to diversify sector’s activities in near future to increase plunging tourist numbers
The Minister of Tourism talks with Al-Borsa about the current state of tourism in Egypt
More private sector influence good for economy: Al-Suwaidi
The Egyptian economy is currently facing many challenges in light of the growing budget deficit, the energy crisis, and the decline in domestic and foreign investments
No fear for role army in Egyptian economy: Hossam Farid
A lack of funding and the absence of legislation have been long-standing problems that continue to hinder the private sector
Reducing subsidy expenses essential to jumpstarting Egypt’s economy: Economists
Reducing subsidy system expenses in the 2014/2015 fiscal year (FY) budget will help drive Egypt’s economy forward, economic analysts said at the Euromoney Conference, currently being held in Cairo.. It…
$6bn foreign direct investment in FY 2014/2015: Investment minister
Egypt’s total foreign direct investments for FY 2013/2014 measured $6bn, Investment Minister Ashraf Salman said on Tuesday. On the sidelines of the Euromoney conference, Salman said that Egypt is hoping…
Government to offer bids to generate 8GW from coal and renewable energy: Salman
The government hopes to offer two tenders to generate 8GW of electricity from new and renewable energies, said Minister of Investment Ashraf Salman on Tuesday. He added that there are…
Egypt needs growth, jobs over economic stability: IMF chief in Egypt
Government has set concrete goals for its February economic summit, says Lazard managing director
Goal is to pay attention to investors, not privatise: Investment minister
Government will pay 30% of total dues to foreign oil companies by year-end
AFTE calls for journalists’ release
Over 80 journalists detained in course of work, which violates Egyptian government’s international commitments