Economy
China new bank loans surge in January to $300 bn
February 14, 2017
China new bank loans surge in January to $300 bn
Chinese bank lending surged in January, the central bank said Tuesday, as concerns grow that a flood of credit is…
US dollar continues decline at NBE
February 14, 2017
US dollar continues decline at NBE
The US dollar exchange rate continued its decline at the National Bank of Egypt by 53 piasters on Monday. It…
Love hurts: Valentine’s day spending increases by 49%, including Egypt
February 14, 2017
Love hurts: Valentine’s day spending increases by 49%, including Egypt
They say love is blind, and this is crystal clear as shoppers' spending sky-rocketed on the most romantic day of…
Three British trade missions visit Egypt to explore investment opportunities
February 13, 2017
Three British trade missions visit Egypt to explore investment opportunities
UK Prime Minister’s Trade Envoy, Sir Jeffrey Donaldson, along with 40 delegates from British companies arrive to Egypt this week…
Egypt’s urban inflation jumps to 28.1 pct in January
February 11, 2017
Egypt’s urban inflation jumps to 28.1 pct in January
Egypt's annualised urban consumer price inflation jumped to 28.1 percent in January from 23.3 percent in December, the official CAPMAS…
Silicon Valley fights for its life on immigration
February 11, 2017
Silicon Valley fights for its life on immigration
Silicon Valley is struggling for its life on the issue of immigration. Over 100 tech firms, including Google, Facebook and Apple,…
Nordstrom, other retailer get ‘stock bonus’ for canceling Ivanka line
February 11, 2017
Nordstrom, other retailer get ‘stock bonus’ for canceling Ivanka line
There are many reasons for dismay at U.S. President Donald Trump's latest Twitter tantrum against a private capitalistic enterprise. Nordstrom,…
Wall Street hits another record high as bank stocks rise
February 10, 2017
Wall Street hits another record high as bank stocks rise
Wall Street's main indexes hit record highs shortly after opening on Friday, a day after President Donald Trump said he…
Disney tightens Euro Disney grip in deal with Saudi Prince Alwaleed bin Talal
February 10, 2017
Disney tightens Euro Disney grip in deal with Saudi Prince Alwaleed bin Talal
Walt Disney Co (DIS.N) has increased its hold on Euro Disney SCA (EDLP.PA) by swapping a 9 percent stake in…
Egypt’s fuel subsidy bill jumps after currency float
February 9, 2017
Egypt’s fuel subsidy bill jumps after currency float
Egypt's fuel subsidy bill jumped 46 percent to 38 billion pounds ($2.11 billion) in the first half of the 2016-17…