Economists expect Egypt's central bank to loosen its grip on the exchange rate of the Egyptian pound in its meeting later this month, but the possible move is fraught with fears from a sharp rise in commodity prices.
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The Egyptian government is implementing a project to repurpose one of the oldest and most famous buildings in downtown Cairo into a mixed-use development building to achieve profits and boost tourism.
CAIRO, June 16 (Xinhua) Egypt is trying to draw more renowned foreign universities in to set up satellite campuses in the country as part of its ambitious national development plan, said Adel Abdel Ghaffar, spokesman of the country's Higher Education and Scientific Research Ministry.