Economy

The Egyptian government signed a deal with the World Bank on Tuesday for US$500 million in funding for an economic…

The German state of Bavaria said on Tuesday it would sue Volkswagen for damages caused by its emissions-test cheating scandal,…

The Egyptian government will target state-owned firms in the banking, petroleum and electricity sectors for the first wave of its…

Egypt's Finance Minister Amr al-Garhy said in a television interview on Sunday that Egypt's external debt would reach $53.4 billion…

Yields on Egypt's three-month and nine-month treasury bills edged down at Sunday's auction, data from the central bank website showed.The…

Egypt's Ganoub El-Wadi Petroleum Holding Company (GANOPE) launched an international tender for oil and natural gas exploration in 10 sectors…

A senior government official has revealed an International Monatery Fund (IMF) suggestion to fully float the Egyptian pound against the…

Telecom Egypt, the country's state-owned landline monopoly, said on Sunday its board had given preliminary approval to a plan to…

The global economic slowdown has hurt millions of households, but has at least had a silver lining: with oil prices…

If your family's average spending is LE60.7 thousand per annum, slightly more than LE5,000 per month, then you belong to…