Economy
Samsung halts Galaxy Note 7 sales over fire concerns, maybe for good
October 11, 2016
Samsung halts Galaxy Note 7 sales over fire concerns, maybe for good
Samsung Electronics Co Ltd halted sales of its Galaxy Note 7 smartphones on Tuesday and told owners to stop using…
Electricity Ministry switches customer service to call center with 121 hotline
October 11, 2016
Electricity Ministry switches customer service to call center with 121 hotline
The Electricity Ministry has switched its customer service telephone operations for south Cairo to a call center that applies international…
Sugar shortage continues as prices reach LE10 per kilo
October 11, 2016
Sugar shortage continues as prices reach LE10 per kilo
The sugar shortage crisis continues to mount in many governorates, with the price per kilo reaching LE10.The armed forces has…
Egypt’s annual inflation drops to 14.6% in September: CAPMAS
October 10, 2016
Egypt’s annual inflation drops to 14.6% in September: CAPMAS
Egypt's annual inflation rate dropped to 14.6 percent in September down from 16.4 percent in August, the state statistics agency…
Saudi Aramco informed Egypt about suspending oil product supply: official
October 10, 2016
Saudi Aramco informed Egypt about suspending oil product supply: official
Saudi Aramco informed the Egyptian General Petroleum Corporation, Egypt's state oil company, in early October that it would halt the…
UK, Finland-born economists win 2016 Nobel Prize for Economics
October 10, 2016
UK, Finland-born economists win 2016 Nobel Prize for Economics
British-born Oliver Hart and Finland-born Bengt Holmstrom won the 2016 Nobel Economics Prize for their contributions to contract theory, helping…
Saudi Arabia’s Falih says OPEC should not crimp supply too tightly
October 10, 2016
Saudi Arabia’s Falih says OPEC should not crimp supply too tightly
Saudi Arabia's Energy Minister Khalid al-Falih said on Monday that OPEC should not crimp oil supply too tightly and said…
Inbound tourists decline by 45% in August: CAPMAS
October 9, 2016
Inbound tourists decline by 45% in August: CAPMAS
Inbound tourists to Egypt declined in number by 45 percent in August, compared to the same month of last year,…
IMF chief foresees ‘prompt’ start of Egypt lending
October 9, 2016
IMF chief foresees ‘prompt’ start of Egypt lending
Egypt may soon receive the first tranche of a crucial $12 billion aid package, the head of the International Monetary…
Egypt has contracted to import 420,000 tonnes of sugar, seeks 200,000 more
October 8, 2016
Egypt has contracted to import 420,000 tonnes of sugar, seeks 200,000 more
Egypt has contracted for the import of 420,000 tonnes of sugar in coordination with the military in the "past few…