Economy

Oil prices fall for second day on oversupply concerns

Oil prices fall for second day on oversupply concerns

Oil prices fell on Tuesday, declining for a second day and sapping more strength from a third-quarter rally, amid signs…
US casino stocks fall following mass shooting in Las Vegas

US casino stocks fall following mass shooting in Las Vegas

Shares of Las Vegas casino operators fell as much as 5 percent in premarket trading on Monday after a gunman…
Catalonia worries drive euro down against stronger dollar

Catalonia worries drive euro down against stronger dollar

The euro slipped against the dollar on Monday after a violence-marred independence vote in Spain’s Catalonia region and as higher…
Crisis widens over increasing prices for cell services

Crisis widens over increasing prices for cell services

Increases for mobile phone balance recharge cards, approved by the National Telecommunications Regulatory Authority (NTRA) Thursday, caused an uproar on Saturday…
Egypt’s foreign debt up 42 pct to $79 bln in 2016-17 -central bank

Egypt’s foreign debt up 42 pct to $79 bln in 2016-17 -central bank

Egypt’s foreign debt rose to $79 billion in the 2016-17 fiscal year which ended in June, up 42 percent from…
US to grant $100 million military aids to Egypt

US to grant $100 million military aids to Egypt

Egypt and the United States have signed new bilateral assistance agreements and amendments worth over US$100 million that support the…
US dollar records stable prices in Monday dealings

US dollar records stable prices in Monday dealings

The US dollar exchange rate to Egyptian pounds almost leveled off at LE 17.61 for purchase and LE 17.71 for…
GDP likely to hit 5.25 percent in fiscal year 2017/18: Finance Minister

GDP likely to hit 5.25 percent in fiscal year 2017/18: Finance Minister

Egypt aims to accomplish sustainable economic development with an expectation that it will increase its gross domestic product (GDP) up…
Egypt’s trade deficit drops by 50.4% in June

Egypt’s trade deficit drops by 50.4% in June

Egypt’s trade deficit dropped to $1.82 billion during June, compared to $3.66 billion during the same month of last year,…
US dollar exchange rates witness slight decline

US dollar exchange rates witness slight decline

US Dollar exchange rates declined against the Egyptian pound during banking dealings on Sunday. According to the last price update,…
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