Economy
International Cooperation Minister boosts investments into Upper Egypt
June 17, 2017
International Cooperation Minister boosts investments into Upper Egypt
International Cooperation Minister Sahar Nasr said that her ministry is currently focusing on pumping investments into Upper Egypt’s development projects,…
From dates to power, China’s ‘futures’ fortunes are made
June 16, 2017
From dates to power, China’s ‘futures’ fortunes are made
China’s major commodity exchanges are scrambling to launch futures contracts on a range of products – from dates to electricity…
CBE cancels restrictions on foreign exchange transfers
June 15, 2017
CBE cancels restrictions on foreign exchange transfers
The Central Bank of Egypt (CBE) canceled on Wednesday restrictions on foreign exchange transfers, which it had imposed on February…
No alternative to increasing fuel prices
June 14, 2017
No alternative to increasing fuel prices
An official source from the Ministry of Petroleum confirmed that there is no alternative to increasing fuel prices, especially since the…
Liquidity of Qatari banks is likely affected by UAE, Arab nations’ blacklist
June 10, 2017
Liquidity of Qatari banks is likely affected by UAE, Arab nations’ blacklist
A move by four Arab states to blacklist dozens of figures with alleged links to Qatar could squeeze liquidity at…
Technology stocks tumble, taking down Nasdaq as big names sink
June 10, 2017
Technology stocks tumble, taking down Nasdaq as big names sink
Technology stocks sold off sharply on Friday, taking a toll on the Nasdaq and dragging on other major Wall Street…
Domestic public debt rises to LE3 trillion: CBE
June 8, 2017
Domestic public debt rises to LE3 trillion: CBE
The total domestic public debt has risen to LE3.079 trillion in the period from July to March of the fiscal year…
Egypt’s inflation falls for first time since currency float
June 8, 2017
Egypt’s inflation falls for first time since currency float
Egypt’s annual consumer price inflation fell to 30.9 percent in May, compared to 32.9 percent in April, the Central Agency…
Asian stocks on edge before UK election, ECB, Comey testimony
June 8, 2017
Asian stocks on edge before UK election, ECB, Comey testimony
Asian shares wobbled on Thursday as investors braced for any surprises from the UK election, a European Central Bank policy…
Deutsche Bank projects Egypt inflation down to 20% by end of 2017
June 7, 2017
Deutsche Bank projects Egypt inflation down to 20% by end of 2017
Deutsche Bank projected on Monday that Egypt’s inflation will decline to approximately 20% by the end of 2017 – a…