Economy
Egypt’s exchange remains top Arab performer in 2017
December 27, 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
December 26, 2017
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
December 24, 2017
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
December 24, 2017
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
December 19, 2017
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
December 18, 2017
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
December 18, 2017
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
December 12, 2017
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
December 12, 2017
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
December 11, 2017
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…