Economy
Egypt starts work on north-coast ‘medical city’ costing LE8 bn
October 1, 2016
Egypt starts work on north-coast ‘medical city’ costing LE8 bn
The foundation stone has been laid for a "medical city" development in Alexandria that is likely to cost around LE8…
German government believes Trump would ravage U.S. economy: Spiegel
October 1, 2016
German government believes Trump would ravage U.S. economy: Spiegel
Germany's economy ministry believes a Donald Trump presidency would severely damage the U.S.
Jordanians protest multi-billion dollar gas deal with Israel
October 1, 2016
Jordanians protest multi-billion dollar gas deal with Israel
Thousands of protesters staged a protest in Amman on Friday to demonstrate against a US$10 billion gas deal between Jordan…
Dollar price climbs on black market after rumors of partial floatation of pound
October 1, 2016
Dollar price climbs on black market after rumors of partial floatation of pound
The black-market exchange rate for US dollars increased once again Friday as rumors circulated that the Central Bank of Egypt…
German minister heads to Iran, business ties still limited
October 1, 2016
German minister heads to Iran, business ties still limited
German Economy Minister Sigmar Gabriel heads to Iran next week with a planeful of industry executives keen to rebuild trade…
Euro hits two-month low vs Swiss franc on Deutsche Bank jitters
September 30, 2016
Euro hits two-month low vs Swiss franc on Deutsche Bank jitters
The euro dropped to a two-month low against the safe-haven Swiss franc and lost ground broadly on Friday, as concerns…
Oil prices slide on profit-taking after two-day jump
September 30, 2016
Oil prices slide on profit-taking after two-day jump
Oil prices dropped on Friday as investors took profits following a seven-percent rise in the last two sessions, amid doubts…
Dunkin’ Donuts partners with Coca-Cola to launch new coffee service
September 29, 2016
Dunkin’ Donuts partners with Coca-Cola to launch new coffee service
Dunkin' Brands Group Inc (DNKN.O) said its donut chain, Dunkin' Donuts, will partner with Coca-Cola Co (KO.N) to launch a…
Careem expands offering with ‘White Taxi’ service
September 28, 2016
Careem expands offering with ‘White Taxi’ service
The ride-hailing company Careem has launched its own "White Taxi" service as an extra option for clients wishing to avoid…
New tourism marketing campaign targets 12 European nations
September 28, 2016
New tourism marketing campaign targets 12 European nations
The marketing company GWT has launched a new campaign to attract tourists to Egypt, focusing attention on 12 foreign countries,…