Monthly Archives: May 2013

Textile sector reflects Egypt’s decline

porting raw materials from India and Pakistan. And the government has imposed a tariff on imports. Across Egypt about 30,000 textile workers have lost their job over the last two years. Advertisements

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Initiative for producing 1st Egyptian car

Minister of Military Production Reda Hafez has said that coordination is underway with the Ministry of Investment to manufacture a 100% Egyptian car, adding that negotiations are underway with several countries including France, India, Malaysia and China as well as … Continue reading

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Ethiopian FM: #Millennium_Dam will not affect #Egypt quota of water

Ethiopia’s Millennium Dam is meant to serve power generation and will not reduce Egypt’s quota of Nile water, Ethiopian Minister of State for Foreign Affairs Berhane Gebre-Christos said. In press statements on the fringe of the Addis Ababa-hosted African summit, … Continue reading

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Zazou: We seek new tourism markets

Tourism Minister Hisham Zazou said efforts are underway to tap new tourism markets, noting that Egypt gets into the Iranian market from the professional perspective. In statements to MENA on Sunday 26/5/2013 on the sidelines of the World Economic Forum … Continue reading

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FDI inflows set to remain narrowly focused on #Egypt ; Report

Foreign direct investment to Africa is set to rise by more than 10 percent in 2013, approaching its 2008 record high, with the fast-growing sub-Saharan region likely to receive the majority of inflows, a report said on Monday. But investment … Continue reading

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#Egyptian_presidency tries to ease concerns over NGO law

Egypt’s presidency will soon unveil a new draft law on civil society and NGOs that should ease Western and opposition concerns over proposals seen as a threat to the new democracy, a presidential adviser said. The opposition condemned an earlier … Continue reading

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#Egypt leaves price of currency unchanged at forex auction

Egypt’s central bank sold $38.4 million to banks in a foreign exchange auction on Monday, with the cut-off price unchanged at 6.972 Egyptian pounds to the dollar for the second auction in a row. Currency dealers say the government may … Continue reading

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