Economy
Japan’s economy posts longest expansion in a decade
May 18, 2017
Japan’s economy posts longest expansion in a decade
Japan’s prospects have been improving on the back of strong exports, with investments linked to the Tokyo 2020 Olympics also…
IMF backs Egypt plan to remove fuel subsidies in three years, ease inflation
May 18, 2017
IMF backs Egypt plan to remove fuel subsidies in three years, ease inflation
The International Monetary Fund is encouraged by Egypt’s efforts to remove fuel subsidies within three years and push inflation down…
Financial crisis over, 2018 to witness boom: CBE governor
May 17, 2017
Financial crisis over, 2018 to witness boom: CBE governor
The financial crisis is over and 2018 will see a boom, said Governor of the Central Bank of Egypt Tarek…
CBE takes measures to protect Egypt’s banks against ransomware
May 17, 2017
CBE takes measures to protect Egypt’s banks against ransomware
The Central Bank of Egypt (CBE) issued instructions to banks operating in the local market to take precautionary measures to…
Foreign exchange rates stable at Egypt banks Tuesday
May 16, 2017
Foreign exchange rates stable at Egypt banks Tuesday
The Governor of the Central Bank of Egypt, Tarek Amer, said that the situation has improved greatly since the flotation…
Oil price jump soothes cyber nerves
May 15, 2017
Oil price jump soothes cyber nerves
Oil’s strongest run of gains since December cushioned the hit to stock markets on Monday from a successful missile test…
Will ‘Cyber Chaos’ spread with workweek’s start?
May 15, 2017
Will ‘Cyber Chaos’ spread with workweek’s start?
Global cyber chaos was spreading Monday as companies booted up computers at work following the weekend’s worldwide “ransomware” cyberattack. The…
BP launches two new gas fields in Egypt
May 13, 2017
BP launches two new gas fields in Egypt
BP has started gas production from two fields in its West Nile Delta development off Egypt’s coast, the second of…
Inflation expected to rise higher as rate reaches 32.9% in April
May 11, 2017
Inflation expected to rise higher as rate reaches 32.9% in April
The Central Agency for Public Mobilization and Statistics (CAPMAS) has estimated the annual inflation rate in April at 32.9 percent,…
Suez Canal revenues record $853.7 mn in March, April
May 10, 2017
Suez Canal revenues record $853.7 mn in March, April
Suez Canal revenues over the past two months have reached $853.7 million, compared to $820.4 million for the same period…