Egypt's trade deficit is a serious danger and threatens development, say economic experts, particularly after the recent deficit increase.
Experts say Egypt's trade deficit was never covered during the 30 years of the former regime.
The main (...)
CAIRO: The numbers of tourists visiting Egypt decreased during the second quarter of 2011 by 35.4 percent, recording a total of one million tourists. During the same period in 2010, Egypt received 3.5 million tourists.
The Central Agency for (...)
The Egyptian government will borrow 87 billion EGP (U.S. $14.6 billion) in order to fund their budget. The loan will be taken from family lending and deposits, investment certificates, savings books in the banking system, which equals 42 percent of (...)
Egyptian banks will only feel small effects of the U.S. credit downgrade, according to an Egyptian banking expert.
"Egyptian banks will be affected slightly by U.S. credit downgrade. It will not reduce Egyptian banks' investment in US treasury (...)
CAIRO: Egypt's Gross Domestic Product (GDP) saw an unprecedented decrease of 4.2 percent during the third quarter of the 2010/2011 fiscal year, according to a recent report by Egypt's Ministry of Planning.
The report indicates that Egypt's (...)
Egypt's Central Agency for Public Mobilization and Statistics (CAPMS) announced the Egyptian population increased by 1.7 million in 2010.
Birth rates rose in 2010 by two percent. There was an increase in Egyptian population by 2.2 million in 2009 (...)
The minimum wage was raised today to 684 EGP (U.S. $115) monthly, a move affecting 1.9 million employees.
The general budget includes the cost of reforming wages in the first phase of the new administration. Workers wages will be raised 200 (...)
“Former regime growth rates did not fall in line with reality,” said advisor of the planning institute, Ibrahim Essawi.
The former regime announced growth rates reached 87 percent, which is unreal. The former regime real growth rates did not even (...)