Economy

US dollar bond yields jump in Egypt: Bloomberg

US dollar bond yields jump in Egypt: Bloomberg

The US dollar bond yields in Egypt have jumped this year, causing the cost of borrowing to reach its lowest…
Egypt plans new Eurobond issue end May or early June: Finance minister

Egypt plans new Eurobond issue end May or early June: Finance minister

Egypt plans to issue a new Eurobond at the end of May or start of June, Finance Minister Amr El…
Lufthansa increases Egypt flights to 33 a week, up from 29: country manager

Lufthansa increases Egypt flights to 33 a week, up from 29: country manager

Lufthansa has decided to increase the number of flights from Egypt to German cities to 33 flights a week, up…
Euro hits 6-month high, Asia shares firm after French vote relief

Euro hits 6-month high, Asia shares firm after French vote relief

The euro hit a six-month high against the dollar on Monday while Asian shares gained and U.S. stock futures briefly…
Spain probes ex-HSBC executives over money laundering

Spain probes ex-HSBC executives over money laundering

A Spanish court is probing seven former executives of HSBC's private Swiss bank on suspicion of money laundering following an…
Egypt to receive World Bank loan third tranche in December: official

Egypt to receive World Bank loan third tranche in December: official

Hafez Ghanem, World Bank Vice President for Middle East and North Africa, said that the third tranche of the World…
Campaign to attract 1 million Chinese tourists to Egypt to launch May 20

Campaign to attract 1 million Chinese tourists to Egypt to launch May 20

An international conference to promote Egypt's tourism industry to the Chinese market will be held on Saturday, May 20 under…
Cabinet allocates LE1.72 billion to renovate Pyramids area, ancient palaces, museums

Cabinet allocates LE1.72 billion to renovate Pyramids area, ancient palaces, museums

Cabinet has approved the allocation of LE1.72 billion in funding to the Antiquities Ministry in order to conclude development of ongoing projects…
Remittances from Egyptians abroad rise by 13.8 pct since November

Remittances from Egyptians abroad rise by 13.8 pct since November

Remittances from expatriate Egyptians have risen 13.8 percent since the central bank floated the pound in November, the central bank…
Egypt seeks negotiations over compensation to Israel in gas row

Egypt seeks negotiations over compensation to Israel in gas row

Egypt's government is considering offers to open negotiations with Israel again in an attempt to drop the international arbitration fine…
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