Economy

Stocks, oil, gold start 2017 on firm footing, US dollar resumes climb

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

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

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

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

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

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

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

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

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

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…
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