Business

Business

14:00
Business activity in Egypt shrank for the eighth straight month in May but at a lesser extent than previous three months, a survey showed on Sunday. The Emirates NBD Egypt Purchasing Managers Index (PMI) for the non-oil...
15:42
Prime Minister Sherif Ismail
In an effort to tap into unused public sector assets, Prime Minister Sherif Ismail held a meeting Tuesday over plans to establish a Sovereign Wealth Fund.   A collection of finance ministry staff, experts from...
16:01
Egypt's central bank sold US$118.7 million at its regular rate of 8.78 to the dollar at Tuesday's sale. Egypt's pound strengthened on the black market, traders quoting rates of 10.40/10.50 to the dollar,...
15:48
Businessman Naguib Sawiris
Egyptian billionaire Naguib Sawiris said on Sunday his bid to acquire CI Capital, the investment arm of Egypt's largest listed bank, was being held up by national security concerns. He criticised the state for...
12:30
Egypt's central bank will from now on hold one foreign currency auction per week on Tuesdays, when it will sell US$120 million, bankers told Reuters on Sunday. The bank previously held three auctions per week on...

Video

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

Economy

Volkswagen AG should offer European drivers similar compensation to what the...
Syndicate content