Economy

Egypt’s exchange remains top Arab performer in 2017

Egypt’s exchange remains top Arab performer in 2017

The head of the Egyptian Exchange says its benchmark index has made significant gains in 2017 thanks to economic reforms…
Egypt’s EFG Hermes looks to manage renewable energy projects: energy head

Egypt’s EFG Hermes looks to manage renewable energy projects: energy head

Egyptian investment bank EFG Hermes expects to begin offering factoring services in the first quarter of 2018 as part of…
Third IMF loan installment will bridge funding gap: CBE source

Third IMF loan installment will bridge funding gap: CBE source

The third tranche of the International Monetary Fund (IMF) loan worth $2 billion will be used to support the state…
Egypt to receive $2 billion as part of IMF loan in June or July: Deputy Finance Minister

Egypt to receive $2 billion as part of IMF loan in June or July: Deputy Finance Minister

Egypt will receive $2 billion in the fourth disbursal from a $12 billion International Monetary Fund loan in June or…
US dollar exchange rate rises slightly

US dollar exchange rate rises slightly

The US dollar exchange rate rose slightly during morning trading on Tuesday, after witnessing a remarkable rise during last week…
World’s largest container ship crosses Suez Canal

World’s largest container ship crosses Suez Canal

The world’s largest container ship OOCL Hong Kong crossed the Suez Canal on Monday on its way from the Netherlands…
Hilton to add 1000 extra rooms in Egypt in 2018

Hilton to add 1000 extra rooms in Egypt in 2018

Hilton Worldwide is planning to add 1000 more rooms to the number of existing rooms it manages in Egypt by…
Fifty-nine ships crossed Suez Canal with 3.9mn ton cargo on Tuesday

Fifty-nine ships crossed Suez Canal with 3.9mn ton cargo on Tuesday

Head of the General Authority for the Suez Canal Economic Zone (SCZone) and chairman of Suez Canal Authority (SCA) Mohab Mamish…
Rise in US dollar exchange rate due to increasing demand

Rise in US dollar exchange rate due to increasing demand

The exchange rate of the US dollar rose in banks operating in Egypt on Monday, driven by an increased demand for…
10 richest Arabs of 2017: Forbes

10 richest Arabs of 2017: Forbes

Forbes Magazine published on Tuesday a list of the richest 10 people in the Arab world. The UAE had the lion’s…
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