Economy
Saudi energy minister says oil market fundamentals improving
March 8, 2017
Saudi energy minister says oil market fundamentals improving
Saudi Energy Minister Khalid al-Falih said on Tuesday that oil market fundamentals were improving after an agreement struck with top…
Imported raw sugar exempt from customs taxes until end of 2017
March 7, 2017
Imported raw sugar exempt from customs taxes until end of 2017
Imported raw sugar is now exempt from customs taxes during the period from January 1 until the end of 2017, according to…
US dollar rises dramatically on Monday and Tuesday
March 7, 2017
US dollar rises dramatically on Monday and Tuesday
The US dollar exchange rate rose dramatically on Monday and Tuesday, surpassing LE17 in banks. The dollar price appreciated by…
US automaker shifts from ‘bigger is better’ to ‘less global, more profitable’
March 6, 2017
US automaker shifts from ‘bigger is better’ to ‘less global, more profitable’
The US automaker General Motors Co’s decision to sell its European operations signals that the company can win by being…
23% increase in remittances from Egyptians expats in January: CBE
March 6, 2017
23% increase in remittances from Egyptians expats in January: CBE
Remittances from Egyptian citizens working abroad rose by 23% in January to US$1.6 billion, compared to US$1.3 billion in January 2016,…
US dollar rises at various banks Monday
March 6, 2017
US dollar rises at various banks Monday
US dollar exchange rate has seen a new increase on Monday, after fluctuating against the Egyptian pound over the past…
Egyptian exports jump by 25% in January: trade minister
March 5, 2017
Egyptian exports jump by 25% in January: trade minister
Non-petroleum exports accounted for US$1.66 billion in January, compared to US$1.327 billion in January 2016, an increase of 25 percent, said Trade…
Bitcoins hit all-time high on talk of Securities Commission approval
March 4, 2017
Bitcoins hit all-time high on talk of Securities Commission approval
The 'bitcoin' digital currency hit a record high on Friday on optimism about the approval of the first US bitcoin…
Agreement on Russian industrial zone in Egypt to be signed in May
March 3, 2017
Agreement on Russian industrial zone in Egypt to be signed in May
The agreement to establish the Russian industrial zone in Egypt will be signed next May, the minister of trade and…
US dollar rises to varied rates at Egypt’s banks
March 2, 2017
US dollar rises to varied rates at Egypt’s banks
The US dollar exchange rate rose during Thursday's transactions, in the wake of a decline that lasted for more than…