Egypt Economy

In an interview with Fox News, Saudi Arabia's Foreign Minister Saud Al-Faisal said the Kingdom has helped Egypt both before and after the revolution. Following the deposition of President...

The vast gas reserves discovered in waters claimed by Israel in recent years may transform the state into a major gas exporter. The government sees a promising future, whilst...

According to sources in the Governorate of Northern Sinai, the Governorate has suffered losses amounting to 33,495,183 Egyptian Pounds due to the events of 30th June. The detailed losses...

Former Minister of Food Supplies Basem Ouda has revealed statistics which purport to show the real state of investment and cash reserves in Egypt. The coup government is accused...

Deputy Head of the Freedom and Justice Party Essam El-Erian affirmed that the military coup has failed to establish itself as the "de facto regime" because it has been...

On behalf of the Egyptian Ministry of Finance, on Thursday the Egyptian Central Bank is set to offer new treasury bills estimated to be worth 6.5 billions of Egyptian...

Egypt prepares for a new gas crisis after talks with Qatar to send more supplies of natural gas have halted. During preliminary talks in May, Doha had agreed to...

An official from Egypt's General Petroleum Authority announced that negotiations are currently taking place between Egyptian government officials and their counterparts from Saudi Arabia, Kuwait and the UAE to...

Egypt's interim government continues to take over projects designed by Dr Hisham Qandil's government under elected President Mohammed Morsi and claim them to be its own. For example, the...

Egypt's Tourism Minister Hisham Zazou has publicly recognised a huge decrease in the numbers of tourists visiting Egypt after the military coup on 3 July. Speaking to a talk...

The Ministry of Finance in Egypt has been given loans totaling 3 billion Egyptian pounds (around £270m) from local banks through selling treasury bonds of three and seven years...

US Republican Senator Lindsey Graham has told the Washington Post that Egypt's economy will collapse if the military continues to rule the country. As Graham explained to veteran reporter...

An economic study by HSBC Bank concluded that Egypt is the worst place to host expatriate workers. The Washington Post published the study's results, indicating that Egypt, which ranked...

Egypt's Aswan city suffered a further economic setback when it failed to join the World Travel Market forum in London. The governorate officials' negligence deprived Egypt's tourism sector of...

A Kuwaiti judicial source, in an exclusive statement to the Anadolu news agency on Sunday, revealed that the $4 billion aid package that Kuwait is offering to Egypt must...

Spain, Portugal, Italy and Greece are enjoying a healthy flow of tourists, thanks to turmoil in the Middle East which has driven holidaymakers away from the Red Sea resorts...

Egypt's current problem is that it is moving beyond the bounds of history and it is feared that the Arab world will follow suit. Those who read Egyptian newspapers...