Economy
US dollar remains stable during Thursday trading
April 6, 2017
US dollar remains stable during Thursday trading
US dollar exchange rates witnessed relative stability during trading sessions on Thursday.The purchasing rate reached LE17.95 at the three national…
Saudi Arabia to invest $100 mn in Egypt solar energy project
April 6, 2017
Saudi Arabia to invest $100 mn in Egypt solar energy project
Fawaz Alhokair Saudi Group has allocated $100 million for investment in the solar sector in Egypt in 2017, Borsa news…
Sisi visit to US gives much-needed boost to tourism: minister
April 6, 2017
Sisi visit to US gives much-needed boost to tourism: minister
The US State Department's statement saying that Egypt is a "safe country" and advising its citizens to travel there by…
EgyptAir hosts a Greek media delegation to stimulate tourism
April 5, 2017
EgyptAir hosts a Greek media delegation to stimulate tourism
EgyptAir hosted a 15-member media delegation from the one of largest Greek media institutions, organized by the EgyptAir Office in…
US dollar relatively stable during Wednesday trading
April 5, 2017
US dollar relatively stable during Wednesday trading
US dollar exchange rates have been relative stable during Wednesday's transactions.At the three national banks of National Bank of Egypt, Banque…
Egypt’s external debt rises by 40.8%
April 4, 2017
Egypt’s external debt rises by 40.8%
Egypt's total external debt rose by 40.8 percent year-on-year in the first half of the fiscal year 2016-2017, while domestic…
Foreign currency records its highest level since 2011
April 3, 2017
Foreign currency records its highest level since 2011
The balance of foreign currency reserves recorded its highest level since March 2011 reaching about US$28.5 billion, while the volume…
Wall Street stocks flat as ‘difficult’ Trump-Xi talks loom
April 3, 2017
Wall Street stocks flat as ‘difficult’ Trump-Xi talks loom
US stocks were flat on Monday, with investors awaiting the earnings season to justify high valuations, and, more immediately, the…
US dollar rates remain stable at banks on Monday
April 3, 2017
US dollar rates remain stable at banks on Monday
The dollar exchange rates in banks stabilized on Monday morning after it surpassed the LE18 mark on March 14. According to the latest…
Major Abu Dhabi lenders merge to create UAE’s largest bank
April 3, 2017
Major Abu Dhabi lenders merge to create UAE’s largest bank
Two major lenders in the United Arab Emirates, the First Gulf Bank and the National Bank of Abu Dhabi, have…