Economy

International Cooperation Minister boosts investments into Upper Egypt

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

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

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

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

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

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

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

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

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

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…
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