Economy
Trump calls Chinese ‘grand champions’ of currency manipulation
February 24, 2017
Trump calls Chinese ‘grand champions’ of currency manipulation
President Donald Trump declared China the "grand champions" of currency manipulation on Thursday, just hours after his new Treasury secretary…
US dollar exchange rate goes up at 10 banks
February 23, 2017
US dollar exchange rate goes up at 10 banks
US dollar exchange rate recorded its highest increase at the Egyptian-Gulf Bank, out of 23 banks operating in Egypt, to…
Oil prices rise after report shows drop in US stocks
February 23, 2017
Oil prices rise after report shows drop in US stocks
Oil prices rose on Thursday after US data showed a surprise decline in inventories, suggesting that a global glut may…
Germany spends on migrants, boosting growth as budget surplus soars
February 23, 2017
Germany spends on migrants, boosting growth as budget surplus soars
Germany posted a record budget surplus last year helped by rising tax revenues and employment and low debt costs, creating conditions for…
Individuals to obtain foreign currency without restrictions in 2017: CBE official
February 23, 2017
Individuals to obtain foreign currency without restrictions in 2017: CBE official
Individuals will be able to obtain foreign currency from banks without restrictions by the end of 2017, Aswat Masriya reported…
Iraq to supply Egypt with 1 million barrels monthly: ambassador
February 23, 2017
Iraq to supply Egypt with 1 million barrels monthly: ambassador
The Iraqi Oil Marketing Company SOMO has signed a contract for oil exports with the Egyptian government, al-Ahram quoted Iraqi…
Final bonus raised from 1 to 2 months’ salary for incoming workers to Saudi Arabia: minister
February 23, 2017
Final bonus raised from 1 to 2 months’ salary for incoming workers to Saudi Arabia: minister
The Ministry of Manpower's labor representative office in Saudi Arabia, located at the Egyptian Consulate in Jeddah, has modified workers' end…
US$20 billion investments in Egypt within 10 years: Chinese bank
February 22, 2017
US$20 billion investments in Egypt within 10 years: Chinese bank
Minister of International Cooperation Sahar Nasr met on Wednesday with a delegation from the Industrial and Commercial Bank of China…
US dollar declines again in Egypt’s banks
February 22, 2017
US dollar declines again in Egypt’s banks
US dollar exchange rate declined against Egyptian pound on Wednesday after fluctuating between increases at some banks and decreases as…
Eight banks increase US dollar exchange rate
February 21, 2017
Eight banks increase US dollar exchange rate
Eight banks have raised their exchange rates for the US dollar between three to eight piasters, after three weeks of…