Economy

Toyota recalls 2.9 mln vehicles globally over airbags

Toyota recalls 2.9 mln vehicles globally over airbags

Toyota Motor Corp. on Thursday said it was recalling a total of about 2.9 million vehicles in Japan, China, Oceania…
Tax returns reached LE1.720 bn: Official

Tax returns reached LE1.720 bn: Official

Deputy Minister of Finance, Amr al-Mounir, announced that the estimated tax returns for the current season amounted to one billion…
Minister expects inflation rates to decline in November

Minister expects inflation rates to decline in November

Minister of Finance Amr al-Garhy expects inflation rates to decline later this year, in November and December, adding that the…
Government considers increasing ration card subsidies to LE27

Government considers increasing ration card subsidies to LE27

The government is considering increasing subsidies on ration cards by 29 percent to LE27 (US$1.5) a month in the next…
CityScape annual real estate conference kicks off Wednesday

CityScape annual real estate conference kicks off Wednesday

CityScape's annual real estate conference kicked off on Wednesday under the title "The Roadmap toward Innovation". The conference will be held…
EIB offers US$500 million to develop Cairo Metro line

EIB offers US$500 million to develop Cairo Metro line

The European Investment Bank has offered US$500 million to finance the development of the first Cairo Metro line, which extends…
Moody’s sees Egypt’s economy growing but reforms slipping

Moody’s sees Egypt’s economy growing but reforms slipping

The economic picture for Egypt is improving, ratings agency Moody's said on Wednesday, but a public backlash will likely lead…
EgyptAir losses exceed LE15 billion due to currency flotation: Aviation Minister

EgyptAir losses exceed LE15 billion due to currency flotation: Aviation Minister

The flotation of the Egyptian pound augmented air carrier EgyptAir's already significant losses to more than LE15 billion, said Civil…
Electricity Ministry mulls basing new increases on consumption level

Electricity Ministry mulls basing new increases on consumption level

A source with the Electric Utility and Consumer Protection Regulatory Agency announced that the agency has finalized proposals on a…
CNN: Amazon buys Souq in big play for Middle East market

CNN: Amazon buys Souq in big play for Middle East market

Amazon has had its eye on the Middle East for some time. Now it's finally made a move. It has…
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