Economy
Occupancy rates in Hurghada, Sharm el-Sheikh not affected by Western warnings
December 26, 2016
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
December 24, 2016
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
December 24, 2016
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
December 24, 2016
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
December 23, 2016
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
December 23, 2016
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
December 22, 2016
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
December 21, 2016
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
December 21, 2016
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
December 21, 2016
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…