Economy

Price increase on govt services will quickly follow VAT law: Finance Ministry

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

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

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

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

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

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

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

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

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

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,…
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