Economy

Egypt to receive one million barrels of Basra light oil within days: ambassador

Egypt to receive one million barrels of Basra light oil within days: ambassador

Iraqi Ambassador to Cairo Habib al-Sadr said an agreement has been signed to export one million barrels of Basra’s light…
EgyptAir offers discounts on flights to New York, China

EgyptAir offers discounts on flights to New York, China

EgyptAir is offering a 20 percent discount on tickets to some of the cities it covers, including some cities of…
Egypt’s core inflation jumps to 25.86 pct in December

Egypt’s core inflation jumps to 25.86 pct in December

Egypt's annual core inflation jumped to 25.86 percent in December from 20.73 percent in November, the Central Bank of Egypt…
E-commerce giant Alibaba CEO meets Trump, promises to bring US one million jobs

E-commerce giant Alibaba CEO meets Trump, promises to bring US one million jobs

Alibaba Executive Chairman Jack Ma met the US president-elect Donald Trump on Monday and laid out the Chinese e-commerce giant's…
Egyptian pound strengthens: around 18 per dollar in banks

Egyptian pound strengthens: around 18 per dollar in banks

The Egyptian pound remained steady at around 18 per US dollar in most banks on Sunday.The dollar was sold at…
US businessmen mull New Suez Canal Area investments

US businessmen mull New Suez Canal Area investments

A delegation of American businessmen headed by Jack Wheeler visited the new economic zone of the Suez Canal, on Sunday. The businessmen…
Senior ‘Economist’ analyst expects Egyptian pound value to rise by 14%

Senior ‘Economist’ analyst expects Egyptian pound value to rise by 14%

Simon Baptist, the Global Chief Economist at The Economist Intelligence Unit, expected the value of the Egyptian pound to increase by 14 percent  against the…
Coca-Cola gets sued for misleading consumers

Coca-Cola gets sued for misleading consumers

Coca-Cola Co and the American Beverage Association trade group were sued on Wednesday for allegedly misleading consumers about the health…
Egypt among 20 best 2017 tourist destinations: Bloomberg

Egypt among 20 best 2017 tourist destinations: Bloomberg

Bloomberg website chose Egypt among 20 tourist destinations worth visiting in 2017, saying that after years of political turmoil, the…
Israeli tourists visit Egypt for first time in 18 months under high security: embassy

Israeli tourists visit Egypt for first time in 18 months under high security: embassy

The Israeli Embassy in Cairo announced on Wednesday the return of Israeli tourists to Egypt, and displayed the details of…
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