CAIRO: An Egyptian expert has criticized the current situation of the population in Egypt, saying that despite the large allocations adopted by the government for slums, there has been no change and the explanation to this is that the population distribution in Egypt is not balanced and is one of the three main dimensions of [...]

CAIRO: Egypt’s capital continues to see high-end real estate developments unraveled with names as catchy as outlandish. Beverly Hills being one of those new elite, enclosed developments for Egypt’s wealthy. Now, the Egyptian and Libyan government’s want part of the boom, saying on Tuesday the two countries are establishing a joint company worth $100 million [...]

CAIRO: The Central Agency for Public Mobilization and Statistics (CAPMAS) announced August 14 the monthly data on foreign trade for the month of May 2010, revealing the high value of total exports increased from 10.1 billion Egyptian pounds to 13.1 billion pounds, an increase of 29.7 percent. The agency also announced a rise in the [...]

CAIRO: The Popular Movement Against Rising Prices in Alexandria issued a statement condemning the price rise during the Holy Month of Ramadan. The movement mentioned in its statement that the government of Egyptian Prime Minister caught the Egyptian people by surprise with the beginning of a new wave of rising prices in Ramadan. According to [...]

CAIRO: Trade between India and Egypt has reached $3 billion, the Indian Embassy in Cairo reported. Despite the global financial crisis, the two budding economies said growth remained strong and trade ties improved during the past few years. Indian Ambassador to Egypt R Swaminatan said at a press briefing to mark Indian independence day that [...]

CAIRO: A monthly report issue on Sunday by the Information and Decision-Making Support of the Egyptian Cabinet showed an increase in net international reserves of the Central Bank of Egypt during the month of June by 12.5 percent, reaching $35.2 billion. Compared to the same month last year, and the volume of deposits in the [...]

CAIRO: Egypt and South American trade bloc Mercosur are looking to boost trade between the two in the coming years, Egypt’s minister of trade said in an interview. Trade with South America has not been a top priority for Egypt in recent years, but with the developed world still struggling to recover from a global [...]

CAIRO: Egypt’s Central Agency for Public Mobilization and Statistics (CAPMAS) said in a report issued last week that around 517,000 thousand metric quintals of Egyptian cotton valued at 7.315 million pounds have been exported from December 2009 to February 2010 compared to 61,000 metric quintals and a value of 1.43 million pounds for the same [...]