Economy
Stocks, oil, gold start 2017 on firm footing, US dollar resumes climb
January 3, 2017
Stocks, oil, gold start 2017 on firm footing, US dollar resumes climb
Global markets marched confidently into 2017 on Tuesday, with Asian stocks extending gains after European shares surged to their highest…
Government puts gasoline smart cards system into action: Minister
January 1, 2017
Government puts gasoline smart cards system into action: Minister
The Petroleum Ministry has said that applying the gasoline smart cards at fuel stations comes within the second phase of…
Oil down, but ends year with biggest gain since 2009
December 31, 2016
Oil down, but ends year with biggest gain since 2009
Oil prices settled slightly lower on Friday, the year's last trading day, but attained their biggest annual gain since 2009,…
CEO resigns after overworked employee commits suicide
December 30, 2016
CEO resigns after overworked employee commits suicide
The head of the Japanese advertising giant Dentsu has resigned after the suicide of a junior employee was linked to…
Asian flash surge takes euro to $1.07
December 30, 2016
Asian flash surge takes euro to $1.07
A short-lived spike in the euro dominated this year's last day of trade in major foreign exchange markets on Friday,…
Experts predict stable exchange rate for US dollar in second half of 2017
December 28, 2016
Experts predict stable exchange rate for US dollar in second half of 2017
Some investment experts are predicting that the Egyptian pound will regain some strength against the US dollar during the second…
EgyptAir offers promotions, discounts on New Year, Christmas occasions
December 28, 2016
EgyptAir offers promotions, discounts on New Year, Christmas occasions
EgyptAir will resume its additional and regular 344 flights to Egyptian tourist destinations on the occasion of the New Year…
CBE to establish fund worth LE5 bln to develop tourist facilities
December 27, 2016
CBE to establish fund worth LE5 bln to develop tourist facilities
Central Bank of Egypt (CBE) will set up a fund at LE five billion to finance the development of tourist…
France to fund energy projects in Egypt worth 175 million Euros: Minister
December 27, 2016
France to fund energy projects in Egypt worth 175 million Euros: Minister
France will fund energy projects in Egypt for a sum of 175 million euros, including 150 million euros toward electricity…
US dollar dips against yen after lower Treasury yields
December 26, 2016
US dollar dips against yen after lower Treasury yields
The US dollar dipped against the yen on Monday, edging lower after the US Treasury yields pulled away from the…