Economy
Egypt eyes increasing exports volume to EU to $50 bln
June 2, 2017
Egypt eyes increasing exports volume to EU to $50 bln
Egypt is seeking to be effective in the world economy in terms of volume of exports traded globally, said Amr…
Egypt to launch cruise lines with Greece in latest efforts to revive tourism
June 1, 2017
Egypt to launch cruise lines with Greece in latest efforts to revive tourism
As part of the state’s continuous efforts to attract additional tourists and revive the country’s ailing tourism industry, Egypt’s Ministry…
LE572 million allocated to improve water quality, drainage: Planning Ministry
May 30, 2017
LE572 million allocated to improve water quality, drainage: Planning Ministry
The Ministry of Planning, Follow-up and Administrative Reform approved additional allocations of LE572.5 million to improve the quality of drinking…
Banking system received $1 bln in 2 days, after central bank raised key interest rates
May 29, 2017
Banking system received $1 bln in 2 days, after central bank raised key interest rates
Governor of the Central Bank of Egypt Tarek Amer said Monday that the banking system received around $1 billion since…
US dollar exchange rate stable during Sunday trading
May 28, 2017
US dollar exchange rate stable during Sunday trading
The US dollar exchange rate has been stable during Sunday tradings. The purchasing rate at the National Bank of Egypt,…
U.S. economy slowed less than expected in first quarter; outlook cloudier
May 26, 2017
U.S. economy slowed less than expected in first quarter; outlook cloudier
The U.S. economy slowed less than initially thought in the first quarter, but softening business investment and moderate consumer spending…
U.S. lawmakers want to ban American tourists from North Korea
May 26, 2017
U.S. lawmakers want to ban American tourists from North Korea
U.S. lawmakers are pushing for a ban on American tourists visiting North Korea. Two congressmen introduced a bill on Thursday…
Dollar holds above 6.5-month low, as Moody’s downgrades China
May 24, 2017
Dollar holds above 6.5-month low, as Moody’s downgrades China
The dollar on Wednesday held above 6.5-month lows hit in previous days, as comments from a senior Federal Reserve official…
Hong Kong police arrest 21 Uber drivers
May 23, 2017
Hong Kong police arrest 21 Uber drivers
Hong Kong police on Tuesday arrested 21 Uber drivers for illegal car-hiring as part of a clamp down against Uber…
In surprise move, CBE hikes key interest rates
May 22, 2017
In surprise move, CBE hikes key interest rates
The Central Bank of Egypt raised its key interest rates by 200 basis points on Sunday, citing stronger economic growth…