Economy
Low-cost flights on the horizon
January 25, 2017
Low-cost flights on the horizon
Get ready to squeeze on board for low-cost flights between the US and Asia.
Egypt asks for US$400 million loan from World Bank
January 25, 2017
Egypt asks for US$400 million loan from World Bank
The Egyptian government asked for US$400 million loan from the World Bank to finance labor-intensive projects with 50 percent of…
Dollar steadies after stumble, Brexit ruling saps sterling
January 24, 2017
Dollar steadies after stumble, Brexit ruling saps sterling
The US dollar and world stocks tip-toed higher on Tuesday, as signs of a revival of worldwide economic activity helped…
Egypt plans currency swap with Russia
January 24, 2017
Egypt plans currency swap with Russia
The Egyptian government is considering signing a currency swap agreement with Russia, following in the footsteps of its agreement with…
Hermes projects US dollar at LE15 by the end of 2017
January 24, 2017
Hermes projects US dollar at LE15 by the end of 2017
EFG Hermes investment bank is expecting improvement in the Egyptian pound exchange rate by the end of the current year…
Growth rate of Egypt’s exports reaches 7.4% in 2016
January 24, 2017
Growth rate of Egypt’s exports reaches 7.4% in 2016
Egypt’s non-petroleum exports increased by 7.41 percent in 2016, compared to the rate of exports achieved in 2015, reaching US$19.118…
Mining company Centamin won’t bid in Egypt gold tender, terms not viable
January 24, 2017
Mining company Centamin won’t bid in Egypt gold tender, terms not viable
Centamin Plc, which runs Egypt's only commercial gold mine, said it would not bid in the country's new gold exploration…
Egypt capable of manufacturing weapons locally: minister
January 24, 2017
Egypt capable of manufacturing weapons locally: minister
The Military Production Ministry seeks to fulfill the armed forces' needs for some projects, due to the ongoing threats in…
British banks’ optimism hits crisis-era low on Brexit uncertainty
January 23, 2017
British banks’ optimism hits crisis-era low on Brexit uncertainty
Optimism about the business environment for Britain's financial services firms fell for a fourth consecutive quarter, according to a survey…
Growth rate improves by 3.4%: planning minister
January 22, 2017
Growth rate improves by 3.4%: planning minister
The growth rate during the first quarter of fiscal year 2016/17 has seen a 3.4 percent improvement, said Planning Minister A