Economy
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…
Egypt targeting US$9 billion in foreign financing in FY 2017/18
March 22, 2017
Egypt targeting US$9 billion in foreign financing in FY 2017/18
Egypt is targeting US$9 billion in foreign financing in the 2017/18 fiscal year, Deputy Finance Minister Ahmed Kouchouk told Reuters…
Cabinet gives initial approval to proposal to double Metro ticket price
March 22, 2017
Cabinet gives initial approval to proposal to double Metro ticket price
Minister of Transport Hisham Arafat presented a proposal to the Cabinet on Tuesday to double the value of the Cairo…
US dollar at LE18.10 in Egypt banks
March 22, 2017
US dollar at LE18.10 in Egypt banks
The US dollar exchange rate remained stable in banks on Wednesday, but still above LE18.The website of the National Bank…
Egypt negotiates third tranche of World Bank loan
March 22, 2017
Egypt negotiates third tranche of World Bank loan
The government began intensive negotiations with the World Bank mission, which is currently in Cairo, on the third tranche of…
Fancy buses alternative to public transport to hit Cairo roads next week
March 21, 2017
Fancy buses alternative to public transport to hit Cairo roads next week
Cairo commuters have cause to celebrate as the brand-new mobile app 'SWVL' will launch next week, providing convenient, affordable vans and…
Bill Gates again world’s richest man; Trump slips to 544th
March 21, 2017
Bill Gates again world’s richest man; Trump slips to 544th
Microsoft co-founder Bill Gates once again topped the Forbes magazine list of the world's more than 2,000 billionaires, while US…
China to contribute US$64 million to ‘Egypt Sat 2’ project
March 21, 2017
China to contribute US$64 million to ‘Egypt Sat 2’ project
Egypt and China signed on Monday letters of cooperation on Egypt's satellite project "Egypt Sat 2" which the Chinese government is…
Dollar slips on doubts Fed will speed rate hikes, euro edges up
March 21, 2017
Dollar slips on doubts Fed will speed rate hikes, euro edges up
The dollar was on the defensive in Asian trading on Tuesday, after Chicago Federal Reserve President Charles Evans reinforced the…