Economy

Mid-year vacation boosts occupancy rates in Hurghada

Mid-year vacation boosts occupancy rates in Hurghada

Red Sea Governor Ahmed Abdullah has indicated a 20 percent increase in number of incoming Ukranian tourists heading to the…
Egypt is the cheapest place to get your Big Mac

Egypt is the cheapest place to get your Big Mac

If you are a big fan of the ubiquitous double-decker burger, you should probably roll up your sleeves and give it a…
Apple, Google, Uber join fight against Trump travel ban

Apple, Google, Uber join fight against Trump travel ban

Dozens of tech companies, including behemoths like Apple, Google, and Facebook, are siding with Washington state and Minnesota as they…
Egypt’s foreign reserves rise to US$26.363 bn at end of January

Egypt’s foreign reserves rise to US$26.363 bn at end of January

Egypt's net foreign reserves rose to US$26.363 billion at the end of January from US$24.265 billion as of the end…
Oil prices rise as investors pour fresh cash into crude futures

Oil prices rise as investors pour fresh cash into crude futures

Oil prices rose on Monday, with traders shifting money into crude futures as the dollar weakened, and as concerns rose…
IMF to review Egypt’s economic reforms progress before second loan tranche

IMF to review Egypt’s economic reforms progress before second loan tranche

A delegation from the International Monetary Fund (IMF) started meetings in Cairo with ministers of the economic group of the…
Trump ignites political fight over US banking law reforms

Trump ignites political fight over US banking law reforms

 US President Donald Trump on Friday ordered reviews of major banking rules that were put in place after the 2008…
Oil pushes higher on worries over new US sanctions on Iran

Oil pushes higher on worries over new US sanctions on Iran

Oil prices edged higher on Friday in response to the possibility of new sanctions on Iran after US President Donald…
Emirates airline in Egypt slashes ticket prices to 12 destinations

Emirates airline in Egypt slashes ticket prices to 12 destinations

Emirates airline in Egypt has reduced the prices of roundtrip tickets to 12 destinations by up to 40 percent on…
Siemens announces world record by connecting 4.8 GW to Egypt’s national grid

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…
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