Economy
Sisi orders providing subsidized bread to citizens
March 14, 2017
Sisi orders providing subsidized bread to citizens
President Abdel Fattah al-Sisi has instructed the necessity to provide citizens with their shares of subsidized bread.During a meeting on…
Electricity Ministry plans new price increases: sources
March 14, 2017
Electricity Ministry plans new price increases: sources
The Electricity Ministry is studying a number of scenarios for the new tariff being introduced to electricity prices, which will…
Oil touches three-month lows, as US supply swells
March 13, 2017
Oil touches three-month lows, as US supply swells
Oil hovered around three-month lows on Monday, as rising US inventories and drilling activity offset optimism over OPEC's efforts to…
Egypt’s economic reforms have effect on macroeconomics: World Bank official
March 13, 2017
Egypt’s economic reforms have effect on macroeconomics: World Bank official
The recent economic reforms applied by the Egyptian government have an important effect on the macroeconomic package, in addition to…
US economy adds 235,000 new jobs in February
March 11, 2017
US economy adds 235,000 new jobs in February
The US economy had another strong month of job creation in February, the Labor Department reported -- a result sure…
UK offers US$150 million as loan guarantee to support Egypt’s economic reform
March 9, 2017
UK offers US$150 million as loan guarantee to support Egypt’s economic reform
British Ambassador John Casson signed on Wednesday a joint declaration of intent with International Cooperation and Investment Minister Sahar Nasr.In…
Government resolves bread crisis in governorates
March 9, 2017
Government resolves bread crisis in governorates
The crisis of the 'gold card’, used to get subsidized bread in the governorates, had been solved on Wednesday after…
Annual food inflation rate jumps by 41.7%: CAPMAS
March 9, 2017
Annual food inflation rate jumps by 41.7%: CAPMAS
The annual food and beverage inflation rates jumped by 41.7 percent in February 2017, according to the a report by…
EgyptAir loses LE4 bln due to exchange rate difference: Chairman
March 9, 2017
EgyptAir loses LE4 bln due to exchange rate difference: Chairman
The total losses of EgyptAir Holding Company reached four billion Egyptian pounds during the first half of the current fiscal…
Samsung chief denies all charges as South Korea’s ‘trial of the century’ begins
March 9, 2017
Samsung chief denies all charges as South Korea’s ‘trial of the century’ begins
The head of South Korea's Samsung Group, Jay Y. Lee, denies all charges against him, his lawyer said on Thursday,…