Economy
Egypt expects $2 bn IMF loan installment by next month
October 14, 2017
Egypt expects $2 bn IMF loan installment by next month
Egypt’s Finance Minister, Amr al-Garhy, anticipates the country will receive another installment of the International Monetary Fund (IMF) loan worth $2 billion,…
Food producers can face jail for violating decree to print clear price tags
October 12, 2017
Food producers can face jail for violating decree to print clear price tags
Egypt’s Minister of Supply and Internal Trade Ali Moselhi issued a decree this week obliging all food producers to print…
Bitcoin trades above $5,000 for first time ever
October 12, 2017
Bitcoin trades above $5,000 for first time ever
Bitcoin smashed through the $5,000 barrier for the first time ever on Thursday, jumping as much as 7 percent to…
US dollar to Egyptian pound prices Tuesday
October 10, 2017
US dollar to Egyptian pound prices Tuesday
The US dollar exchange rate was stable against the Egyptian pound at the beginning of Tuesday morning trading. According to…
Oil prices rise as OPEC says market is rebalancing
October 10, 2017
Oil prices rise as OPEC says market is rebalancing
Oil prices edged up on Tuesday as OPEC said there were clear signs the market was rebalancing and as US…
Remittances from Egyptian expats up 40 pct from same period last year: CBE
October 9, 2017
Remittances from Egyptian expats up 40 pct from same period last year: CBE
Remittances from Egyptian expats were reportedly 40 percent higher in August than in the same month last year, registering $1.7…
Richard Thaler wins Nobel for work in behavioral economics
October 9, 2017
Richard Thaler wins Nobel for work in behavioral economics
The Nobel economics prize has been awarded to Richard Thaler of the University of Chicago for his contributions to behavioral…
China survey puts services growth at 21-month low, blurs picture of resilient economy
October 9, 2017
China survey puts services growth at 21-month low, blurs picture of resilient economy
Activity in China’s services sector grew at its slowest pace in 21 months in September as new orders cooled, a…
Saudi central bank paints rosy picture of economy
October 4, 2017
Saudi central bank paints rosy picture of economy
Officials of Saudi Arabia’s central bank, holding a rare news conference on Wednesday, painted a highly positive picture of the…
US dollar records stable prices in Tuesday dealings
October 3, 2017
US dollar records stable prices in Tuesday dealings
The US dollar exchange rate was stable against the Egyptian pound at the beginning of Tuesday morning trading. According…