Author Archives: Editor

IMF urges Egypt to watch inflation after new subsidy cuts

The International Monetary Fund urged Egypt to maintain a tight monetary policy as a new round of subsidy cuts rekindled inflation worries. The Washington-based lender praised Egypt’s implementation of economic reforms as “instrumental in achieving macroeconomic stabilization, with external and … read more

Egypt announces an ‘urgent plan’ for water security

Egypt will start implementing an “urgent plan” to develop the country’s water resources and achieve water security, the country’s Prime Minister, Mostafa Madbouli, announced today. Speaking to the Egyptian parliament, Madbouli said that the plan will include establishing new desalination … read more

Cairo International Airport doubles parking fees

Cairo International Airport increased parking fees on Monday by 100 percent. The Cairo Port Authority, which manages the entrance gates at Cairo airport’s parking lots, said that different rates will be applied according to the category of vehicles. Parking fees … read more