Economy

Will ‘Cyber Chaos’ spread with workweek’s start?

Will ‘Cyber Chaos’ spread with workweek’s start?

Global cyber chaos was spreading Monday as companies booted up computers at work following the weekend’s worldwide “ransomware” cyberattack. The…
BP launches two new gas fields in Egypt

BP launches two new gas fields in Egypt

BP has started gas production from two fields in its West Nile Delta development off Egypt’s coast, the second of…
Inflation expected to rise higher as rate reaches 32.9% in April

Inflation expected to rise higher as rate reaches 32.9% in April

The Central Agency for Public Mobilization and Statistics (CAPMAS) has estimated the annual inflation rate in April at 32.9 percent,…
Suez Canal revenues record $853.7 mn in March, April

Suez Canal revenues record $853.7 mn in March, April

Suez Canal revenues over the past two months have reached $853.7 million, compared to $820.4 million for the same period…
US dollar bond yields jump in Egypt: Bloomberg

US dollar bond yields jump in Egypt: Bloomberg

The US dollar bond yields in Egypt have jumped this year, causing the cost of borrowing to reach its lowest…
Egypt plans new Eurobond issue end May or early June: Finance minister

Egypt plans new Eurobond issue end May or early June: Finance minister

Egypt plans to issue a new Eurobond at the end of May or start of June, Finance Minister Amr El…
Lufthansa increases Egypt flights to 33 a week, up from 29: country manager

Lufthansa increases Egypt flights to 33 a week, up from 29: country manager

Lufthansa has decided to increase the number of flights from Egypt to German cities to 33 flights a week, up…
Euro hits 6-month high, Asia shares firm after French vote relief

Euro hits 6-month high, Asia shares firm after French vote relief

The euro hit a six-month high against the dollar on Monday while Asian shares gained and U.S. stock futures briefly…
Spain probes ex-HSBC executives over money laundering

Spain probes ex-HSBC executives over money laundering

A Spanish court is probing seven former executives of HSBC's private Swiss bank on suspicion of money laundering following an…
Egypt to receive World Bank loan third tranche in December: official

Egypt to receive World Bank loan third tranche in December: official

Hafez Ghanem, World Bank Vice President for Middle East and North Africa, said that the third tranche of the World…
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