Business Emerging Markets

Egypt: tourism industry revived by land auctions

The revolt that brought an end to Hosni Mubarak’s presidency also prorogued the departure of investors and tourists in Egypt. To regain the 14.5 million visitors that generated 12.5 billion dollars, the actual tourism minister announced that lands will be auctioned for tourist developments. According to him “28 million sq meters will be put on […]

Business Energy

Vienna Hosts North Africa Oil and Gas Summit

Vienna plays host November 6 through 8 to the seventh annual North Africa oil and gas summit that will provide attendees with the opportunity to share insights on the region’s recent development prospects and a concrete understanding of the available blocks, evolving fiscal and legal frameworks and contractual terms from strategy leaders in the region. […]

Business Finance

Egypt Seeks $2 billion Assistance from Algeria

The Egyptian government is reportedly seeking financial assistance from Algeria in the form of a $2 billion deposit. Egyptian government sources were quoted by the media as saying that the matter would be discussed at the talks Egyptian Prime Minister Hisham Kandil is holding this week in Algeria with Algerian officials, including with Premier AbdelMalek […]

Business Emerging Markets

Egypt & Malaysia to Start FTA Talks

Egypt and Malaysia look forward to setting up a free trade zone to boost the weak trade exchanges between the countries having great economic potentials and huge consumer markets. The two countries trade ministers have agreed to start negotiations on a free trade agreement (FTA) expected to lead to a progressive liberalization of trade between […]

Business Finance

Micromed Program: Tunisia Gets EUR 4 Million

Tunisia will get EUR 4 million in the framework of the Micromed Program, an initiative launched by the European Investment Bank (EIB) to help promote the microfinance sector in Mediterranean partner countries. The MicroMED Tunisia program was established in response to a call for assistance from the Tunisian Administration in its endeavor to develop the […]

Lifestyle Technology

Egypt Mulls Licensing 4th Mobile Operator

The Egyptian telecom authorities mull launching international tenders for a 4th mobile licence by 2013 despite opposition from existing operators Mobinil, Vodafone and Etisalat Misr. The Egyptian government says the move is part of its efforts to develop the telecom sector which has made outstanding growth in the past two years, especially after the 2011 […]

Features Op Eds Opinions

On the Right Track? Post-Arab Spring EU Policy towards the Maghreb

The creation of a new post of EU Special Representative for the Southern Mediterranean Region in July 2011 symbolizes the importance the region has gained in European eyes. Focusing specifically on the Maghreb, there are a number of reasons why it is vital for the Union to engage closely with this region located on its […]

Egypt Features Op Eds Opinions

Frenemies? Egypt’s Foreign Policy Recalibration

When, in 1949, Mao Zedong forced Chiang Kai-Shek’s army to retreat from mainland China, thus consolidating the Communist Party’s grip over the People’s Republic, the reverberations could be felt across the world. In the United States, Republicans put forward a poignant, yet rhetoric question: Who Lost China? In the eyes of the Republicans, the answer […]

Egypt Headlines

Will Egypt-US Relations Sour Over Aid?

US House lawmakers have blocked a $450 million emergency aid the Obama administration was planning to give to the new government of President Mohammed Morsi, facing unprecedented economic crisis, with an estimated budget deficit of $12 billion. Republican Rep. Kay Granger of Texas, chairwoman of the Appropriations subcommittee on foreign operations, says “I am not […]

Egypt Features Headlines

The Metamorphoses of the Egyptian Muslim Brotherhood

To comprehend the current role and position of the Muslim Brotherhood in Egypt, rather than focusing only on its present-day form and the general policies of this movement, we must take a closer look at the historical evolution of this organization. One will then realize that the Muslim Brotherhood is not an entity that could […]