Category Archives: News

May7,2012 After solid gains at the beginning of the year for EGPT, PMNA, GULF andGAF, performance has foundered in no small part due to heightening fears of a currency devaluation in Egypt. http://seekingalpha.com/article/564911-what-s-next-for-egypt-s-economy-after-a-currency-devaluation

May 7,2012 Egypt will need nearly 50 per cent more Nile water by 2050 to cater for an estimated population of 150 million people, according to experts at Egypt’s National Planning Institute. http://english.ahram.org.eg/NewsContent/3/12/41114/Business/Economy/Egypt-will-need-almost–per-cent-more-Nile-water-b.aspx

May 6,2012 The North African nation’s risk of a balance-of-payments crisis and sharp currency devaluation rises as it awaits an agreement this month. http://www.thenational.ae/thenationalconversation/industry-insights/economics/cairo-tries-again-for-imf-help-with-debt

May 6,2012 (Reuters) – Egypt’s foreign reserves held steady last month for the first time since an uprising unseated the country’s president, indicating a partial recovery in tourism and a slowdown in capital outflows after more than a year of … Continue reading →

May 3,2012 An ambitious growth plan for Egypt’s tourism industry, a major contributor to the wider economy, is under way to steer the sector forward after political revolution in 2011 put a damper on arrival numbers and revenues. http://www.oxfordbusinessgroup.com/economic_updates/egypt-promoting-crucial-sector

May 3,2012  It was the height of Egypt’s tourist season, and the visitors couldn’t pack their bags quickly enough. But not the Russians, who are regarded as among the most fearless of the world’s travelers. http://gantdaily.com/2012/05/03/mideast-tourism-industry-targets-hardy-russians/

  May 2,2012 Visitors to the coastal resort town of Dahab were treated to live music and a variety of water sports in a festival sponsored by the Egyptian Tourist Authority recently. http://english.alarabiya.net/articles/2012/05/02/211794.html

May 2,2012 Egyptian shares slid back into the red on Thursday as fatal clashes near Cairo’s Ministry of Defence claimed as many as 20 lives, hitting investor confidence in the country’s political future and squeezing already diminished trade. http://english.ahram.org.eg/NewsContent/3/12/40699/Business/Economy/Market-Report-Egypt-stocks-slip–per-cent-on-lates.aspx

  May 2,2012 DUBAI, United Arab Emirates — A senior International Monetary Fund official said Wednesday the fund remains willing to consider a much-needed $3.2 billion aid package for Egypt but is waiting for sufficient consensus from political leaders in … Continue reading →

May 2,2012 ALEXANDRIA, Egypt—One day this past October, police broke down the door of the Noubaria Seed Co.’s offices in the verdant fields of Egypt’s Nile Delta. http://online.wsj.com/article/SB10001424052702304818404577347900034394494.html