Economy
US dollar rates remain stable at banks on Monday
April 3, 2017
US dollar rates remain stable at banks on Monday
The dollar exchange rates in banks stabilized on Monday morning after it surpassed the LE18 mark on March 14. According to the latest…
Major Abu Dhabi lenders merge to create UAE’s largest bank
April 3, 2017
Major Abu Dhabi lenders merge to create UAE’s largest bank
Two major lenders in the United Arab Emirates, the First Gulf Bank and the National Bank of Abu Dhabi, have…
Toyota recalls 2.9 mln vehicles globally over airbags
April 1, 2017
Toyota recalls 2.9 mln vehicles globally over airbags
Toyota Motor Corp. on Thursday said it was recalling a total of about 2.9 million vehicles in Japan, China, Oceania…
Tax returns reached LE1.720 bn: Official
March 31, 2017
Tax returns reached LE1.720 bn: Official
Deputy Minister of Finance, Amr al-Mounir, announced that the estimated tax returns for the current season amounted to one billion…
Minister expects inflation rates to decline in November
March 31, 2017
Minister expects inflation rates to decline in November
Minister of Finance Amr al-Garhy expects inflation rates to decline later this year, in November and December, adding that the…
Government considers increasing ration card subsidies to LE27
March 30, 2017
Government considers increasing ration card subsidies to LE27
The government is considering increasing subsidies on ration cards by 29 percent to LE27 (US$1.5) a month in the next…
CityScape annual real estate conference kicks off Wednesday
March 30, 2017
CityScape annual real estate conference kicks off Wednesday
CityScape's annual real estate conference kicked off on Wednesday under the title "The Roadmap toward Innovation". The conference will be held…
EIB offers US$500 million to develop Cairo Metro line
March 30, 2017
EIB offers US$500 million to develop Cairo Metro line
The European Investment Bank has offered US$500 million to finance the development of the first Cairo Metro line, which extends…
Moody’s sees Egypt’s economy growing but reforms slipping
March 30, 2017
Moody’s sees Egypt’s economy growing but reforms slipping
The economic picture for Egypt is improving, ratings agency Moody's said on Wednesday, but a public backlash will likely lead…
EgyptAir losses exceed LE15 billion due to currency flotation: Aviation Minister
March 29, 2017
EgyptAir losses exceed LE15 billion due to currency flotation: Aviation Minister
The flotation of the Egyptian pound augmented air carrier EgyptAir's already significant losses to more than LE15 billion, said Civil…