Economy
US dollar exchange rate declines Tuesday
August 15, 2017
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
August 15, 2017
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
August 15, 2017
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
August 14, 2017
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
August 14, 2017
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
August 6, 2017
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
August 6, 2017
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
August 6, 2017
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…
USD bank exchange rate below LE18, stable
August 3, 2017
USD bank exchange rate below LE18, stable
The USD exchange rate on Thursday is stable in Egyptian banks, according to local bankers. The US dollar is being…
Egypt Reserves Reach Record High of Over $36 Billion
August 2, 2017
Egypt Reserves Reach Record High of Over $36 Billion
Egypt’s foreign reserves reached $36.036 billion in July, a record high, which the prime minister described as “good news” as…