Economy
Egyptian pound approaches 20 to US dollar in banks
December 20, 2016
Egyptian pound approaches 20 to US dollar in banks
The Egyptian pound depreciated further against the dollar in some banks mid-Tuesday, reaching a selling price of 19.75 compared to…
New initiative aims to promote Egyptian exports
December 20, 2016
New initiative aims to promote Egyptian exports
CEO of Logic Management Consulting, Mohamed al-Sherif, announced the launch of an initiative dubbed "Egypt Exports" on December 19 to…
Egypt raises purchase price of sugar cane from local farmers
December 20, 2016
Egypt raises purchase price of sugar cane from local farmers
The Egyptian government has increased the price it pays local farmers for sugar cane by 25 percent, the Ministry of…
IMF’s Christine Lagarde found guilty in French tycoon payout deal
December 19, 2016
IMF’s Christine Lagarde found guilty in French tycoon payout deal
French judges on Monday reached a decision in the trial of IMF head Lagarde for negligence over a massive state payout…
Egypt stocks jump in heavy trading on currency weakness, loan with China
December 19, 2016
Egypt stocks jump in heavy trading on currency weakness, loan with China
Egypt's stock index jumped 2.5 percent in heavy trade by mid-afternoon on Monday, as the Egyptian pound depreciated against the…
US dollar exceeds the LE19 mark
December 19, 2016
US dollar exceeds the LE19 mark
The US dollar exchange rate has hit a new high of LE18.75 for purchasing and LE18.95 for selling, up from…
Banks may be able to sue EU if denied transitional deal: document
December 19, 2016
Banks may be able to sue EU if denied transitional deal: document
Banks in Britain are being advised they may be able to sue the European Union if it fails to grant…
Raising medicine prices will not solve shortage problem: Doctors Syndicate
December 19, 2016
Raising medicine prices will not solve shortage problem: Doctors Syndicate
Egypt's Doctors Syndicate said that the Ministry of Health violated all previous commitments by agreeing to increase the price of…
Egypt’s Banque Misr signs MoU with Chinese lender over US$500 mln loan
December 19, 2016
Egypt’s Banque Misr signs MoU with Chinese lender over US$500 mln loan
Egypt's second-largest state-owned lender, Banque Misr, signed a memorandum of understanding with the Industrial and Commercial Bank of China (ICBC)…
Japan’s ‘Overtime Work’ culture difficult to change
December 18, 2016
Japan’s ‘Overtime Work’ culture difficult to change
Japanese workers put up with long hours and unpaid overtime under pressure from cost-saving companies, and the Japanese government, which…