Economy

Finance leaders issue fresh warnings amid Deutsche worries, pound rout

Finance leaders issue fresh warnings amid Deutsche worries, pound rout

World finance leaders issued fresh warnings about economic stability risks on Friday amid worries about a massive U.S. fine for…
EgyptAir prepares for Arab-African conference, parliament anniversary event

EgyptAir prepares for Arab-African conference, parliament anniversary event

EgyptAir Company is preparing to receive African and Arab delegations for the celebration of the 150th anniversary of the Egyptian…
Egypt making rapid progress on airport security: Russian government

Egypt making rapid progress on airport security: Russian government

Russian Transport Minister Maksim Sokolov has praised Egypt’s efforts to implement Moscow’s recommendations regarding airport security, a condition for the…
Qatar won’t sell Deutsche Bank shares, might buy more – sources

Qatar won’t sell Deutsche Bank shares, might buy more – sources

Qatari investors who own the largest stake in Deutsche Bank do not plan to sell their shares and could consider…
India offers to fill gap in Egypt’s rice stocks

India offers to fill gap in Egypt’s rice stocks

The charge d’affairs of India’s embassy to Cairo A. B. B. Babu said on Wednesday that his country is ready…
Egypt stocks up on strategic commodities ahead of devaluation

Egypt stocks up on strategic commodities ahead of devaluation

Egypt said it plans to build a six month reserve of essential food items, adding to other recent purchases of…
Egypt to import 500,000 tonnes rice, 400,000 tonnes sugar to boost reserves

Egypt to import 500,000 tonnes rice, 400,000 tonnes sugar to boost reserves

Egypt will look to import 500,0000 tonnes of rice and 400,000 tonnes of sugar in order to boost strategic stocks…
Floating the pound: currency fix or economic disaster?

Floating the pound: currency fix or economic disaster?

The Egyptian pound has continued to lose value against the US dollar in the last few months, with black market…
Barclays sells Egyptian business to Morocco’s Attijariwafa Bank

Barclays sells Egyptian business to Morocco’s Attijariwafa Bank

Britain's Barclays has completed the sale of its Egyptian business to Morocco's Attijariwafa Bank as part of its shift towards focusing…
Oil hits highest since June on possible US inventory drop

Oil hits highest since June on possible US inventory drop

Oil rose towards $52 a barrel on Wednesday, hitting its highest since June, supported by an industry report that U.S.…
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