Economy

Dunkin' Donuts partners with Coca-Cola to launch new coffee service

 
Dunkin' Donuts
29 Sep 2016
Dunkin' Brands Group Inc (DNKN.O) said its donut chain, Dunkin' Donuts, will partner with Coca-Cola Co (KO.N) to launch a line of cold coffee beverages in the United States, its first foray into the ready-to-drink coffee market....
Yes

Careem expands offering with 'White Taxi' service

Dozens of white taxi drivers protest against security failure, Egyptian Museum, Tahrir Square, Cairo, 15 November, 2011. Drivers said they suffer thuggery and car robbery.
28 Sep 2016
The ride-hailing company Careem has launched its own "White Taxi" service as an extra option for clients wishing to avoid hailing a cab in the streets. The company announced in September that it aims to integrate 42,000 "...
Yes

New tourism marketing campaign targets 12 European nations

Tourists at an Egyptian resort
28 Sep 2016
The marketing company GWT has launched a new campaign to attract tourists to Egypt, focusing attention on 12 foreign countries, in line with an agreement reached with the Egyptian Tourism Authority last year. Hany Shoukry, the CEO of GWT,...
Yes

US dollar hits LE13.10 on black market after Sisi's speech

28 Sep 2016
Foreign exchange traders working on Egypt's black market said the price of the US dollar jumped to more than LE13 just hours after President Abdel Fattah al-Sisi's speech in Alexandria on Monday. Four traders said they are now...
Yes

Lufthansa mulls refusing payment in local currency, could pull out of Egypt

AFP | Lufthansa aircraft at the Franz-Josef-Strauss-Airport in Munich, southern Germany, on September 10, 2014
27 Sep 2016
The German airline Lufthansa is mulling several alternatives to overcome the crisis of its financial dues in Egypt, including a possible halt on the sale of tickets in Egyptian pounds or using credit cards. The airline is also considering...
Yes

Oil prices slip as hopes for a deal in Algiers fade

27 Sep 2016
Crude futures fell further on Tuesday as optimism faded for an output-limiting deal during an oil producer meeting in Algeria that so far has failed to yield any agreement to curb one of the worst supply gluts in history. Saudi Arabia on...
Yes

Russia revises ban on imports of Egyptian plant products

27 Sep 2016
Russia's food safety watchdog has revised its ban on imports of fruit and vegetables from Egypt after the lifting of Egyptian wheat import restrictions that have hurt Russia.   Rosselkhoznadzor allowed imports of Egyptian plant...
Yes

World stocks get the jitters as US presidential debate looms

26 Sep 2016
European and Asian shares retreated on Monday as investors waited to see how Donald Trump would fare in a U.S. presidential debate against Hillary Clinton, while oil prices firmed before an informal OPEC meeting. Half of America's...
Yes

Tourist visitor rates fall by 51.2% in 2016: CAPMAS

26 Sep 2016
The Central Agency for Public Mobilization and Statistics (CAPMAS) announced on Monday that the number of foreign tourists visiting Egypt fell during the first half of 2016 to 2.3 million, compared to 4.8 million tourists during the same...
Yes

Telecom Egypt considers acquiring additional 4G spectrum

26 Sep 2016
Telecom Egypt, the state fixed-line monopoly, said on Monday it was considering acquiring additional spectrum, weeks after it bought a fourth-generation (4G) licence that will allow it to directly offer mobile phone services for the first...
Yes