Economy

Egypt’s central bank seen holding interest rates after unexpected hikes

Egypt’s central bank seen holding interest rates after unexpected hikes

Egypt’s central bank is seen leaving key interest rates unchanged this month, a Reuters poll indicated on Tuesday, after it…
Egypt tourism revenue bounces back after crippling dollar shortage: Bloomberg

Egypt tourism revenue bounces back after crippling dollar shortage: Bloomberg

Egypt’s tourism revenues rose to $1.5 billion in the fourth quarter of 2017, up from $510 million in the same…
US dollar exchange rate declines Tuesday

US dollar exchange rate declines Tuesday

The exchange rate between the US dollar and the Egyptian pound declined slightly during the banking trade on Tuesday. Banking…
Global stocks rise after diplomatic overtures by Koreas, US

Global stocks rise after diplomatic overtures by Koreas, US

Global shares rose Tuesday as both Koreas and the US signaled a willingness to defuse the crisis over North Korea’s…
UK says it may seek ‘temporary’ customs union with EU

UK says it may seek ‘temporary’ customs union with EU

Britain says it might seek to remain in a customs union with the European Union for a time to avoid…
Alwaleed bin Talal to invest in the $50 million ‘Egypt Ventures’ fund

Alwaleed bin Talal to invest in the $50 million ‘Egypt Ventures’ fund

Global Saudi investor and businessman Al Waleed bin Talal plans to invest in the Investment Ministry’s $50 million development fund,…
Special Report: Vladimir’s Venezuela, Leveraging loans to Caracas, Moscow snaps up oil assets

Special Report: Vladimir’s Venezuela, Leveraging loans to Caracas, Moscow snaps up oil assets

Venezuela’s unraveling socialist government is increasingly turning to ally Russia for the cash and credit it needs to survive, and…
Egypt’s Suez Canal revenues jump to $446.3 million in July: Reuters calculations

Egypt’s Suez Canal revenues jump to $446.3 million in July: Reuters calculations

Egypt’s Suez Canal revenues jumped to $446.3 million in July from $427.2 million in June, according to Reuters’ calculations. A…
US dollar prices fall below LE 17.90 Sunday

US dollar prices fall below LE 17.90 Sunday

The US dollar exchange rate against Egyptian pound declined slightly within bank dealings Sunday in Egypt. “The trade movement of…
Egypt’s foreign direct investment rises to about $8.7 bln in FY 2016-17 -Investment Minister

Egypt’s foreign direct investment rises to about $8.7 bln in FY 2016-17 -Investment Minister

Foreign direct investment in Egypt is expected to have risen to about $8.7 billion in the 2016-17 fiscal year that…
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