Economy
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…
OPEC, hedge funds and the Sistine Chapel
May 22, 2017
OPEC, hedge funds and the Sistine Chapel
It was an unconventional venue for an unusual encounter: in the Vatican’s Sistine Chapel in the summer of 2016, OPEC’s…
US dollar exchange rate stable during Sunday trading
May 21, 2017
US dollar exchange rate stable during Sunday trading
The US dollar exchange rate has been stable during Sunday trading. The purchasing rate at the National Bank of Egypt and Banque…
China and Egypt cooperate to manufacture electricity generators
May 19, 2017
China and Egypt cooperate to manufacture electricity generators
The National Organization for Military Production in Egypt and China’s Dongfang Electric Corporation signed a protocol of cooperation in the…
Egypt says coordinating with World Bank to finance $200 mn program
May 19, 2017
Egypt says coordinating with World Bank to finance $200 mn program
Minister of Trade and Industry Tarek Qabil said that his ministry is currently coordinating with the World Bank to finance…