Economy
Price increase on govt services will quickly follow VAT law: Finance Ministry
August 20, 2016
Price increase on govt services will quickly follow VAT law: Finance Ministry
The Egyptian government has said it will announce details of increased prices of certain public services as soon as the…
US judge rejects Uber’s driver expenses settlement
August 19, 2016
US judge rejects Uber’s driver expenses settlement
A U.S. judge on Thursday rejected an attempt by Uber Technologies Inc to settle a class action lawsuit with drivers…
Western media blame Sisi for economic woes, Egypt responds
August 17, 2016
Western media blame Sisi for economic woes, Egypt responds
Two major Western news outlets have slammed the economic policies of Egyptian President Abdel Fattah al-Sisi in recent weeks, saying…
Egypt’s dollar black market resilient despite new threat of jail terms
August 17, 2016
Egypt’s dollar black market resilient despite new threat of jail terms
Desperate to elude roving financial police and fearful of new jail terms for black-market money-changing, Egypt's currency traders are driving…
Egypt’s telecom regulator to send out final 4G licence terms on Sunday
August 17, 2016
Egypt’s telecom regulator to send out final 4G licence terms on Sunday
Egypt's telecoms industry regulator has approved the final terms for 4G mobile broadband network licences and will send the forms…
Egypt seeking $5 bn aid from Arab countries, international institutions
August 17, 2016
Egypt seeking $5 bn aid from Arab countries, international institutions
The Egyptian government has opened channels of communication with a number of Arab countries and international institutions to provide up…
How US sanctions targeted a Belize banana farmer, and hurt an economy
August 16, 2016
How US sanctions targeted a Belize banana farmer, and hurt an economy
When the United States blacklisted John Angel Zabaneh, a banana farmer and exporter in Belize, for alleged ties to a…
Govt legalizes 14 carat gold as Saudi jeweler L’azurde opens new line
August 16, 2016
Govt legalizes 14 carat gold as Saudi jeweler L’azurde opens new line
The Minister of Supply and Internal Trade Khaled Hanafy inaugurated on Tuesday an operation line for gold in coordination with…
Govt to reduce staffing levels to ease strain in budget
August 16, 2016
Govt to reduce staffing levels to ease strain in budget
Mohamed Meit, Assistant Minister of Finance for the treasury, has announced government plans to streamline employment within the state administrative…
Stocks at record highs as oil jumps
August 15, 2016
Stocks at record highs as oil jumps
U.S. stock indexes were trading at all-time highs on Monday, building on the record-setting rally of the past few weeks,…