Business

Business

17:16
The Official Gazette published on Thursday a presidential decree, No 38 for the year 2016, approving a loan from Kuwait to Egypt worth 30 million dinars for a mega electricity project.   Egypt's government and...
16:21
Egypt is targeting US$9 billion in foreign financing in the 2017/18 fiscal year, Deputy Finance Minister Ahmed Kouchouk told Reuters on Wednesday. The financing will be divided between US$3 billion obtained from debt...
16:10
Sadat Metro Station
Minister of Transport Hisham Arafat presented a proposal to the Cabinet on Tuesday to double the value of the Cairo Metro ticket to LE2, government sources told Al-Masry Al-Youm. The Cabinet approved the increase in...
14:31
A customer exchanges US dollars to Egyptian pounds in a foreign exchange office in central Cairo, Egypt December 27, 2016 (Mohamed Abd El Ghany / Reuters).
The US dollar exchange rate remained stable in banks on Wednesday, but still above LE18. The website of the National Bank of Egypt (NBE) shows it sold US dollars at LE18.10 this morning, which are the same rates as...
13:31
The government began intensive negotiations with the World Bank mission, which is currently in Cairo, on the third tranche of the loan approved for Egypt by the Bank, totaling US$12 billion to support the government...

Video

Spanish police arrested Egyptian businessman Hussein Salem late last week on charges of money...

Economy

US shale producers are drilling at the highest rate in 18 months but have left...
Syndicate content