Economy
Egypt to seeks bids for retinal scan system at airports
October 3, 2016
Egypt to seeks bids for retinal scan system at airports
Egypt will soon announce a tender for a new security system for Cairo Airport employees involving retinal scans, in an…
Volkswagen will pay $1.21 billion to settle U.S. dealer claims
October 2, 2016
Volkswagen will pay $1.21 billion to settle U.S. dealer claims
Volkswagen AG confirmed late Friday it will make $1.21 billion in payments to 652 U.S. brand dealers as part of…
EgyptAir resumes flights between Luxor and London after one-year halt
October 2, 2016
EgyptAir resumes flights between Luxor and London after one-year halt
Safwat Mesallam, chairman of EgyptAir Holding Company, said on Sunday that the company is resuming flights between Luxor and London…
100 days after Brexit vote: No meltdown (yet)
October 2, 2016
100 days after Brexit vote: No meltdown (yet)
Britain voted 100 days ago to leave the European Union, but the U.K. economy appears to be humming along nicely…
Germany’s Merkel cannot afford to bail out Deutsche Bank: media
October 1, 2016
Germany’s Merkel cannot afford to bail out Deutsche Bank: media
German Chancellor Angela Merkel cannot afford to bail out Deutsche Bank (DBKGn.DE) given the hard line Berlin has taken against…
Egypt starts work on north-coast ‘medical city’ costing LE8 bn
October 1, 2016
Egypt starts work on north-coast ‘medical city’ costing LE8 bn
The foundation stone has been laid for a "medical city" development in Alexandria that is likely to cost around LE8…
German government believes Trump would ravage U.S. economy: Spiegel
October 1, 2016
German government believes Trump would ravage U.S. economy: Spiegel
Germany's economy ministry believes a Donald Trump presidency would severely damage the U.S.
Jordanians protest multi-billion dollar gas deal with Israel
October 1, 2016
Jordanians protest multi-billion dollar gas deal with Israel
Thousands of protesters staged a protest in Amman on Friday to demonstrate against a US$10 billion gas deal between Jordan…
Dollar price climbs on black market after rumors of partial floatation of pound
October 1, 2016
Dollar price climbs on black market after rumors of partial floatation of pound
The black-market exchange rate for US dollars increased once again Friday as rumors circulated that the Central Bank of Egypt…
German minister heads to Iran, business ties still limited
October 1, 2016
German minister heads to Iran, business ties still limited
German Economy Minister Sigmar Gabriel heads to Iran next week with a planeful of industry executives keen to rebuild trade…