Economy

Occupancy rates in Hurghada, Sharm el-Sheikh not affected by Western warnings

Occupancy rates in Hurghada, Sharm el-Sheikh not affected by Western warnings

Tight security measures have been imposed at Red Sea tourist resorts and hotels as celebrations of the New Year and…
Stocks could suffer as Trump trade policy takes shape

Stocks could suffer as Trump trade policy takes shape

The year-end stocks surge which came on the heels of the election of Donald Trump as US president was built…
Euro zone to unblock Greek short-term debt relief deal in January

Euro zone to unblock Greek short-term debt relief deal in January

The Euro zone finance ministers, Eurogroup, will unblock the now suspended short-term debt relief measures for Greece in January after…
Egypt seeks to import crude directly from Iraq

Egypt seeks to import crude directly from Iraq

Egypt's Petroleum Minister Tarek El Molla said on Thursday his country was seeking to reach an agreement with Iraq over…
US dollar prices decline in Egypt’s banks

US dollar prices decline in Egypt’s banks

The US dollar exchange rate continued to decline on Thursday to stand at LE 19.5 and LE18.75 in the bank. The…
Oil falls on firm dollar, profit-taking ahead of holidays

Oil falls on firm dollar, profit-taking ahead of holidays

Oil prices slipped on Friday in thin Asian trade ahead of the Christmas and New Year holidays, eroding some of…
Pharmaceutical companies threaten closure, workers layoff

Pharmaceutical companies threaten closure, workers layoff

The crisis of the demands from pharmaceutical companies to increase medicine prices hs escalated, after a number of companies threatened…
Pharmacists syndicate demands presidential interference in medicine prices

Pharmacists syndicate demands presidential interference in medicine prices

The Pharmacists Syndicate sent a letter to Egypt's President Abdel Fattah al-Sisi calling on him to ban the increases in…
Exhibitors face huge losses from Le Marche cancelation

Exhibitors face huge losses from Le Marche cancelation

The decision to cancel the furniture and decoration exhibition "Le Marche" just two days before the expected inauguration at the…
World Bank approves second US$1 bln loan tranche to Egypt

World Bank approves second US$1 bln loan tranche to Egypt

The World Bank's board of executive directors approved on Tuesday a second US$1 billion disbursement from a US$3 billion loan…
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