Economy
KLM has not informed Civil Aviation Ministry of flight suspension plan: official
September 15, 2016
KLM has not informed Civil Aviation Ministry of flight suspension plan: official
KLM Royal Dutch Airlines has not yet officially communicated its decision to temporarily suspend flights to Cairo starting next January,…
Russia could temporarily ban some agricultural imports from Egypt
September 13, 2016
Russia could temporarily ban some agricultural imports from Egypt
Russia's food safety watchdog Rosselkhoznadzor said on Tuesday it could impose a temporary ban on imports of "products of high…
Egypt’s hotel rates rise despite struggling tourism sector
September 13, 2016
Egypt’s hotel rates rise despite struggling tourism sector
Despite the tremendous drop in occupancy rates, revenues and tourist arrivals in the past few months, hotels across Egypt saw…
Global oil surplus to persist into first half of 2017: IEA
September 13, 2016
Global oil surplus to persist into first half of 2017: IEA
A sharp slowdown in global oil demand growth, coupled with ballooning inventories and rising supply means the crude market will…
Imports from Nile Basin countries decline to $31.7 in May: CAPMAS
September 12, 2016
Imports from Nile Basin countries decline to $31.7 in May: CAPMAS
The Central Agency for Public Mobilization and Statistics (CAPMAS) has revealed a decline in the volume of imports from the…
Oil price falls as US drills more
September 12, 2016
Oil price falls as US drills more
Oil fell for a second trading day in a row on Monday, after speculators cut their bullish bets by the…
Wells Fargo will pay $190 million to settle customer fraud case
September 11, 2016
Wells Fargo will pay $190 million to settle customer fraud case
Wells Fargo has long been the envy of the banking industry for its ability to sell multiple products to the…
British businesses ‘lazy and fat’, pro-Brexit trade minister says
September 11, 2016
British businesses ‘lazy and fat’, pro-Brexit trade minister says
Britain as a trading nation has become "too lazy and too fat" and business leaders are more interested in playing…
‘Times are changing, pay your taxes’, euro zone chief tells corporations
September 11, 2016
‘Times are changing, pay your taxes’, euro zone chief tells corporations
Multinational companies should refrain from tax-avoidance practices and pay their fair share, the head of euro zone finance ministers said…
Turkey resumes flights to Sharm al-Sheikh on Saturday
September 10, 2016
Turkey resumes flights to Sharm al-Sheikh on Saturday
Turkish Airlines will resume flights between Istanbul and the resort city of Sharm al-Sheikh on Saturday after 11 months of…