Economy

Supply Ministry to start revising ration cards in January

Supply Ministry to start revising ration cards in January

The Ministry of Food Supply will start the first phase of revising the ration cards at the beginning of January…
US dollar exchange rate declines

US dollar exchange rate declines

The exchange rate of the US dollar has declined by 10 piasters for selling and buying at three national banks,…
Yahoo suffers world’s biggest hack affecting 1 billion users

Yahoo suffers world’s biggest hack affecting 1 billion users

Yahoo has discovered a 3-year-old security breach that enabled a hacker to compromise more than 1 billion user accounts, breaking…
Exclusive: Maersk, DONG oil and gas merger talks stall over price – sources

Exclusive: Maersk, DONG oil and gas merger talks stall over price – sources

Talks between shipping group A.P. Moller-Maersk (MAERSKb.CO) and DONG Energy (DENERG.CO) to merge their oil and gas business have stalled…
Will the Chinese yuan truly relieve Egypt’s need for US dollar?

Will the Chinese yuan truly relieve Egypt’s need for US dollar?

China's yuan joined the International Monetary Fund's basket of reserve currencies in October alongside the US dollar, the euro, the…
Abu Simbel Temple receives 620 tourists

Abu Simbel Temple receives 620 tourists

Abu Simbel archaeological area in Aswan received on Monday 620 tourists of different nationalities from European and east Asian countries,…
US dollar exchange rate surpasses LE18

US dollar exchange rate surpasses LE18

The exchange rate of the US dollar continued to rise against the Egyptian pound on Wednesday, to surpass LE18, the…
AFDB grants Egypt US$500 million: Minister

AFDB grants Egypt US$500 million: Minister

African Development Bank agreed on Tuesday to grant Egypt with US$500 million, which is the second category of the US$1.5…
Church blast expected to affect hotel bookings

Church blast expected to affect hotel bookings

Several hoteliers have confirmed the negative impact of the bomb blast at the Coptic cathedral on the bookings expected during…
Eni spreads Egypt gas field risk with Rosneft stake sale

Eni spreads Egypt gas field risk with Rosneft stake sale

Italian energy company Eni will sell a 30 percent stake in its giant Egyptian offshore gas field Zohr to Russia's…
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