CAIRO: There is a need to discuss the stalled projects in the Suez industrial zone, said Heba Nassar, vice-president of Cairo University and professor of political economy.
New Egyptian Prime Minister Kamal el-Ganzouri recently decided to (...)
The Egyptian economy has entered the recovery phase, said Dr. Yemen el-Hamaki, head of the Economics Department at Ain Shams University, agreeing with statements by Prime Minister Essam Sharaf.
Sharaf also reiterated the government's commitment (...)
Egyptian human development fell from 101st to 113th of 178 countries in 2011, according to the most recent United Nations Human Development Report.
The slip in the ranking is due to other countries' improved metric performance, according to the (...)
CAIRO: Egypt will face a severe energy crisis in the coming years, which will require the government to search for alternatives, a number of experts recently reported.
“The government plans to eliminate subsidies at all Egyptian factories in a (...)
The current antitrust law encourages monopolies, Egyptian Minister of Social Solidarity Gouda Abdel Khalek today reported, claiming that there is a need to modify this law and investigate all those who commit this crime, much like the practice in (...)
CAIRO: The National Council of Wages will meet next week for the first time after its restructuring, according to Abu Bakr el-Gendy, a member of the council and president of the Central Agency for Public Mobilization and statistics.
Minister of (...)
Expenses for health care services in an average Egyptian family comprise 6.4 percent of total expenses, or third most costly, according to a new study by the Central Agency for Public Mobilization and Statistics.
Food and housing expenses ranked (...)
The new investment plan for new transport is estimated to eclipse 32.5 billion EGP (U.S. $5.4 billion), according to a new report issued by the Egyptian Ministry of Planning. This investment plan represents a 41 percent increase over the last three (...)
The Egyptian Minister of International Cooperation and Planning, Fayza Aboul Naga, said all deposits in the post office saving accounts are completely safe throughout Egypt.
She added depositor account holders at post offices should not feel any (...)
The total value of imports increase from 23.52 billion EGP (U.S. $3.95 billion) to 34.08 billion EGP (U.S. $5.72 billion), an increase of 44.9 percent during May 2011, according to the Central Agency for Public Mobilization and Statistics.
Wheat (...)
Most bankruptcies and financial challenges facing Egypt's industries are not due to the January 25 Revolution, but rather because of external factors and the rising cost of raw materials and production machinery, said economic expert Ibrahim (...)
A recent study indicates a slight increase in the equitable spread of wealth, but also an increase in the number of economically disadvantaged persons, said Abu Bakr al-Gendi, head of the Central Agency for Public Mobilization and (...)
The rejection of external loans to unburden Egypt's economy is a sound fiscal decision, said a number of economists yesterday, but national economic problems demand precise and thoughtful development policies for Egypt to raise its GDP.
External (...)
Continued dialogue between Egypt and its partners in the international community is necessary to support governmental efforts to restore economic and social stability in Egypt, according to Fayza Abul Naga, Egypt's minister of planning and (...)
CAIRO: A professor of investment at the Institute of National Planning, Dr. Abdel Aziz Ibrahim Abdel Aziz, talked about the controversy of negative impacts expected as a result of a dam built in Ethiopia. Negative impacts will affect Nile Basin (...)
CAIRO: Egypt's population has risen from 72.8 million in 2006 to 79.6 million in 2010, according to a recent report by the Central Agency for Public Mobilization and Statistics.
The 7 million increase over 4 years also sees men as 51 percent of (...)
CAIRO: The Minister of Planning and International Cooperation, Faiza Aboul Naga, is pleased to restore Egypt's role in Africa through intensive and effective participation in various events.
Aboul Naga said Africa is of great strategic importance (...)
Egypt lost around 79 billion EGP over the past 30 years as a result of poor decision making and indiscriminate spending by former Egyptian president Hosni Mubarak and his regime, in addition to the lack of accountability of those responsible for the (...)
Egyptian economists called for a review of the causes of tension in political relations between Egypt and Iran in order to restart economic and trade relations. They said the January 25 Revolution could serve as a gateway to re-launch the (...)
CAIRO: Head of the department of economics at Ain Shams University Dr. Yemen al-Hamaki in Egypt suggested selecting from the Turkish economic model and constructive criticizing and pointing out errors.
Turkey's experience is the best and a good (...)
Around 10 million Egyptians – approximately one in eight of the total population – use some form of tobacco, said the Central Agency for Public Mobilization and Statistics (CAPMAS). Around 16.3 percent smoke cigarettes, 3.3 smoke shisha (a water (...)
Egypt's economic situation is worsening because of continued protests, said economic expert Abdul Muttalib Abdul Hamid, director of the Center for Economic Research at Sadat Academy. He said statistcs show the affect of continued demonstrations, (...)
There is no need to worry about Egypt's economy or about Egypt going bankrupt, said Ibrahim el-Essawy, an advisor at the National Planning Institute The Egyptian economy is suffering now because of the decline in productivity, which in turn was (...)
The number of tourists visiting Egypt has dropped by 60 percent. Egypt's Central Agency for Public Mobilization and Statistics (CAPMAS) announced Thursday that there has been a drastic decrease in the number of tourists in comparison to March of (...)