Wednesday 17 September 2014
 
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Egypt

Egypt targets 11pc budget deficit in fiscal 2014/15

Egypt is targeting a budget deficit of around 11 per cent for the fiscal year that began in July and aims to boost economic growth to 5-6 per cent within three years, Finance Minister Hani Dimian told a conference on Tuesday. Poli

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Egypt targets 11pc budget deficit in fiscal 2014/15

Egypt is targeting a budget deficit of around 11 per cent for the fiscal year that began in July and aims to boost economic growth to 5-6 per cent within three years, Finance Minister Hani Dimian told a conference on Tuesday. Poli

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Egypt raises $8.5bn for Suez Canal expansion

Egypt has raised the $8.5 billion it needs to fund a project to expand the Suez Canal in just eight days, the central bank governor said. Hisham Ramez said in a telephone interview with Reuters that EGP61 billion had been raised a

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Egypt expects $425m from IDB for refinery, airport

Egypt said it expected to receive around $425 million in funding from the Islamic Development Bank to develop an oil refinery in Assiut and an airport in the Red Sea resort of Sharm El Sheikh.   The first agreeme

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Egypt tourism 'could fully recover by end-2015'

Egypt's tourism industry, battered by three years of political upheaval and street protests, could fully recover by the end of 2015 if current levels of stability persist, the tourism minister said. Hisham Zaazou also told Reu

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Google Street View brings Pyramids to the world

Google has announced the launch of a 360-degree street view imagery of the Pyramids and five other historical landmarks in Egypt for the first time. Street View Special Collects is a feature of Google Maps that lets users explore places

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Global action needed to counter Islamic State: Egypt

Egypt's foreign minister said on Saturday ties existed between Islamic State, the group holding large parts of Iraq and Syria, and other militants in the region and that global action was needed to counter the threat. Sameh Sh

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Egypt GDP grows 3.5pc in Q4 of fiscal 2013/14

Egypt's gross domestic product grew 3.5 per cent in the fourth quarter of the 2013/14 fiscal year, signalling that the economy was finally recovering from recent turmoil, the official Mena news agency quoted Finance Minister Hani Dimian as s

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Qatari royals barred from entering Egypt

Egypt’s airport authorities have barred two members of Qatar’s royal family from entering the country as they did not carry a visa, state news agency MENA said. The men, identified by MENA as Khalifa bin Jassim bin Ahm

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Egypt tourist numbers to rise 5-10pc this year

Egypt's tourists should increase by 5 to 10 per cent this year as security improves after the election of ex-army chief Fattah Al-Sisi as president, the tourism minister said on Thursday. Tourists are starting to return after

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