Economy
Tesco handed £214 mn in penalties over false accounting
March 28, 2017
Tesco handed £214 mn in penalties over false accounting
Supermarket Tesco has agreed to a fine and compensation costs totalling £214 million ($268 million, 247 million euros) after an…
Egypt negotiating with G-8 countries on economic support: minister
March 28, 2017
Egypt negotiating with G-8 countries on economic support: minister
Sahar Nasr, Minister of International Cooperation, announced that the government is continuing its negotiations with the G-8 countries to fulfill…
Sisi orders instructions on allocating more expenditure for health, education
March 27, 2017
Sisi orders instructions on allocating more expenditure for health, education
President Abdel Fattah al-Sisi held on Sunday a meeting with Prime Minister Sherif Ismail, Finance Minister Amr al-Garhy and Planning…
Greek investment in Egypt adds up to one bln euros: Ambassador
March 27, 2017
Greek investment in Egypt adds up to one bln euros: Ambassador
The Ambassador of Greece to Cairo, Michel Christos Diamisis, said that Egypt is a close partner and a friendly neighboring…
EgyptAir obtains highest aviation safety rates
March 26, 2017
EgyptAir obtains highest aviation safety rates
The chairman of EgyptAir, Safwat Mesallam, has declared that the fleet of EgyptAir airlines, EgyptAir Express and EgyptAir Cargo reached…
BP makes third gas discovery in Egypt’s North Damietta Concession
March 26, 2017
BP makes third gas discovery in Egypt’s North Damietta Concession
BP has made a gas discovery in the North Damietta Offshore Concession in Egypt's East Nile Delta, its third in…
US shale leaves thousands of wells unfinished
March 24, 2017
US shale leaves thousands of wells unfinished
US shale producers are drilling at the highest rate in 18 months but have left a record number of wells…
Central Bank of Egypt governor denies resignation
March 24, 2017
Central Bank of Egypt governor denies resignation
Tarek Amer, Central Bank of Egypt's governor, said in remarks to Al-Arabiya news website that he did not resign from…
Kuwait loans Egypt 30 mn dinars for mega electricity project
March 23, 2017
Kuwait loans Egypt 30 mn dinars for mega electricity project
The Official Gazette published on Thursday a presidential decree, No 38 for the year 2016, approving a loan from Kuwait…
Libyan oil output rises to 700,000 barrels per day after port fighting ends: NOC
March 23, 2017
Libyan oil output rises to 700,000 barrels per day after port fighting ends: NOC
Libya's oil production has reached 700,000 barrels per day (bpd), the National Oil Corporation (NOC) said on Wednesday, recovering from…