Economy
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…
Dollar hits three-week high on Fed rate hike bets
June 20, 2017
Dollar hits three-week high on Fed rate hike bets
The dollar hit a three-week high against a basket of currencies on Tuesday, after an influential Federal Reserve official said…
EU raises aid to Egypt up to €600 million
June 18, 2017
EU raises aid to Egypt up to €600 million
The European Union has raised the ceiling of aid offered to Egypt from 450 million to 600 million euros during…