Economy
Swiss bank UBS to be tried in France over tax fraud
March 20, 2017
Swiss bank UBS to be tried in France over tax fraud
Swiss banking giant UBS will go on trial in France for establishing a wide-ranging tax fraud scheme, legal sources told…
Egypt expects US$13-15 bln in foreign investment next fiscal year: finance minister
March 20, 2017
Egypt expects US$13-15 bln in foreign investment next fiscal year: finance minister
Egyptian Finance Minister Amr el-Garhy said on Monday his country was expecting foreign direct investment to increase to US$13-15 billion…
Petroleum Ministry, Aramco hold talks to resume imports to Egypt within days
March 20, 2017
Petroleum Ministry, Aramco hold talks to resume imports to Egypt within days
The Egyptian General Petroleum Corporation and Saudi Aramco will meet within days to set a timeline for resuming the imports…
US dollar surpasses LE18 in banks on Sunday
March 19, 2017
US dollar surpasses LE18 in banks on Sunday
The US dollar rate surpassed LE18 in banks on Sunday morning after few days of relative stability.At the National Bank of…
Oil prices dip as doubts remain over OPEC supply cuts
March 17, 2017
Oil prices dip as doubts remain over OPEC supply cuts
Oil prices dipped on Friday as the market looked for clues on how effectively OPEC production cuts are working to…
EgyptAir awarded for being fastest-growing airline in Africa
March 16, 2017
EgyptAir awarded for being fastest-growing airline in Africa
EgyptAir has been awarded for achieving the highest growth rates in Africa in 2016 for the second time, in accordance…
Sahar Nasr, Naguib Sawiris discuss increasing local investments
March 16, 2017
Sahar Nasr, Naguib Sawiris discuss increasing local investments
International Cooperation Minister Sahar Nasr and Naguib Sawiris, chairman of Orascom Telecom Media and Technology Holding, discussed increasing the business mogul's local…
Big win for automakers as Trump orders fuel economy standards review
March 16, 2017
Big win for automakers as Trump orders fuel economy standards review
President Donald Trump on Wednesday ordered a review of tough US vehicle fuel-efficiency standards put in place by the Obama…
Egypt ranks third among Arab nations on Global Hunger Index 2016
March 15, 2017
Egypt ranks third among Arab nations on Global Hunger Index 2016
Egypt ranks third place among Arab countries on the Global Hunger Index for 2016 and in 59th place among 118 countries surveyed,…
US dollar exceeds LE18 during Tuesday transactions
March 14, 2017
US dollar exceeds LE18 during Tuesday transactions
The US dollar exchange rate increased during transactions on Tuesday, reaching a high of LE18.05 at Abu Dhabi Islamic Bank.At…