Economy
Poultry prices see LE8 decline
July 4, 2017
Poultry prices see LE8 decline
Local poultry stocks have seen a decline in prices down by LE8.5 per kilogram. The price at retailers is currently…
US dollar at lowest point in Egypt market in four months
July 3, 2017
US dollar at lowest point in Egypt market in four months
For the first time in four months, the exchange rate of the US dollar against the Egyptian pound fell below…
Central Bank of Egypt considers additional hikes in key interest rates
July 3, 2017
Central Bank of Egypt considers additional hikes in key interest rates
The government is considering a new hike in key deposit and lending rates; the issue will be discussed by the…
White taxis’ new tariff set at LE5: Official
July 2, 2017
White taxis’ new tariff set at LE5: Official
Secretary General of Cairo Governor Mohamed al-Sheikh has said the new tariff of white taxis will increase by 25 piasters…
Egypt’s govt hikes gasoline, diesel prices, 2nd increase since currency flotation
June 29, 2017
Egypt’s govt hikes gasoline, diesel prices, 2nd increase since currency flotation
Egypt’s government on Thursday increased gasoline and diesel prices, in the second fuel hike since the currency was floated in…
Presidential instructions order establishing new seaport in Alexandria, expanding old one
June 27, 2017
Presidential instructions order establishing new seaport in Alexandria, expanding old one
Transportation Ministry has started conducting studies as well as the public scheme of the new Alexandria seaport to expand its…
New investments worth $233 mn in petrochemicals sector: Ministry
June 26, 2017
New investments worth $233 mn in petrochemicals sector: Ministry
Petroleum Minister Tareq al-Mulla received a report on work progress of the Nafthas petroleum refining project to produce high-octane gasoline…
Biggest U.S. banks clear first hurdle in Fed’s annual stress tests
June 23, 2017
Biggest U.S. banks clear first hurdle in Fed’s annual stress tests
The 34 largest U.S. banks have all cleared the first stage of an annual stress test, showing they would be…
Airbus concedes defeat to Boeing in Paris plane-ordering race
June 22, 2017
Airbus concedes defeat to Boeing in Paris plane-ordering race
Airbus conceded defeat to rival Boeing in the race for new business at the Paris Airshow on Thursday, as a…
US dollar hits highest rate in 3 weeks
June 20, 2017
US dollar hits highest rate in 3 weeks
The US dollar hit its highest rate in 3 weeks on Tuesday, compared to other foreign currencies. A senior official…