CAIRO: For years, a booming population has led to increasingly crowded streets, but new government initiatives may finally ease some of Egypt s traffic problems.
With more than 16 million inhabitants in the greater Cairo area, the erection of new (...)
CAIRO: The Egyptian government has long been chipping away at the country s shortage of affordable housing, but its recent expansion of mortgage financing may be its most innovate idea yet.
While construction programs remain an essential piece of (...)
CAIRO: With irrigation efforts moving slowly and imports beset by inconsistencies, Egypt has begun to follow its neighbors lead into overseas farming. In particular, persistently high wheat prices, and the resulting social instability over the price (...)
CAIRO: One of the most prominent hiccups affecting the telecoms sector of late was the decision by the National Telecoms Regulatory Authority (NTRA) to postpone the sale of a second fixed operator license, citing turbulence in international (...)
CAIRO: Egypt s banks appear to be weathering the global financial storm far better than many of their regional and international counterparts, due not only to the reform efforts of the Central Bank but also to the underlying strength and prudent (...)
CAIRO: As the Egyptian economy is tested by the global slowdown, the government is stepping up its public spending efforts. Major infrastructure and housing developments are already underway, but a new stimulus plan will inject more money, and (...)
CAIRO: While Egypt s economy has been hit by the global economic crisis, the turmoil may turn out to have a silver lining. An unintended consequence of the slowing economic growth is that falling commodities prices are significantly lessening (...)
CAIRO: Tourists might associate Egypt with the Pyramids and the Sphinx, but the Ministry of Tourism is hoping that the country will also become known as a leader in sustainability. In 2008, a number of new programs were launched to protect Egypt s (...)
CAIRO: Egypt s daily oil output has reached its highest point in 14 years, as the country strives to revive the sector.
A report by the Egyptian General Petroleum Corporation (EGPC), which holds the government stake in about 30 oil subsidiaries (...)
CAIRO: The Egyptian economy posted its biggest growth rate of the past 20 years, but a slowing European economy combined with inflation are casting a shadow over future GDP expansion.
GDP grew by 7.2 percent in the fiscal year ending June 30, (...)
CAIRO: As food price hikes push agricultural yields, the fertilizer industry is getting a boost from fresh investment and increased demand from local and foreign players.
A grouping of local and foreign companies recently announced the building (...)