Economy
Siemens announces world record by connecting 4.8 GW to Egypt’s national grid
February 2, 2017
Siemens announces world record by connecting 4.8 GW to Egypt’s national grid
Siemens announced that it achieved a new world record for the execution of fast-track power projects in Egypt by connecting 4.8…
Online travel agents pin hopes on mid-year holidays, payment in installments
February 1, 2017
Online travel agents pin hopes on mid-year holidays, payment in installments
Online travel agents have faced momentous challenges affecting their businesses since the flotation of the Egyptian pound in November, but…
Wali honors Egypt’s top 50 women, best companies in economy
February 1, 2017
Wali honors Egypt’s top 50 women, best companies in economy
Minister of Social Solidarity Ghada Wali participated in a ceremony yesterday honoring the Top 100 Companies in Egypt, and the…
Inflows into Egypt banks register $9 bn since pound flotation: Central Bank official
February 1, 2017
Inflows into Egypt banks register $9 bn since pound flotation: Central Bank official
Total inflows into the Egyptian banking system have reached $9 billion since the Egyptian pound was floated in November, assistant…
Supply Ministry raises prices of sugar, cooking oil for 2nd time in 2 months
January 31, 2017
Supply Ministry raises prices of sugar, cooking oil for 2nd time in 2 months
The Supply Ministry raised the prices of oil and sugar for ration card holders for the second time in two months.Sugar saw…
Tech companies to meet on legal challenge to Trump immigration order
January 31, 2017
Tech companies to meet on legal challenge to Trump immigration order
A group of technology companies plans to meet on Tuesday to discuss filing an amicus brief in support of a…
Egyptian delegation to visit Iraq in February to finalize agreement on crude imports
January 31, 2017
Egyptian delegation to visit Iraq in February to finalize agreement on crude imports
A delegation from the Petroleum Ministry will visit Iraq this February to finalize the draft agreement to import crude oil,…
IMF delegation in Egypt ahead of review for 2nd loan installment: sources
January 31, 2017
IMF delegation in Egypt ahead of review for 2nd loan installment: sources
A delegation from the International Monetary Fund (IMF) has arrived in Egypt to prepare for a review required before disbursing…
Egypt to consider yen, yuan bonds after dollar sale last week
January 31, 2017
Egypt to consider yen, yuan bonds after dollar sale last week
Egypt may issue bonds in other international currencies, after successfully selling $4 billion of Eurobonds last week, Finance Minister Amr…
Egyptian pound remains stable against US dollar
January 30, 2017
Egyptian pound remains stable against US dollar
The Egyptian pound remained stable against the US dollar on Monday, selling between EGP 18.75-19.09 to the dollar in some banks.The Commercial…