Economy

New tourism marketing campaign targets 12 European nations

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,…
US dollar hits LE13.10 on black market after Sisi’s speech

US dollar hits LE13.10 on black market after Sisi’s speech

Foreign exchange traders working on Egypt's black market said the price of the US dollar jumped to more than LE13…
Delegation to discuss management of Egypt’s historic properties in Greece

Delegation to discuss management of Egypt’s historic properties in Greece

An Egyptian ministerial delegation headed to Greece on Tuesday morning to discuss the management of several historic properties in Greece…
Oil prices slip as hopes for a deal in Algiers fade

Oil prices slip as hopes for a deal in Algiers fade

Crude futures fell further on Tuesday as optimism faded for an output-limiting deal during an oil producer meeting in Algeria…
Lufthansa mulls refusing payment in local currency, could pull out of Egypt

Lufthansa mulls refusing payment in local currency, could pull out of Egypt

The German airline Lufthansa is mulling several alternatives to overcome the crisis of its financial dues in Egypt, including a…
Russia revises ban on imports of Egyptian plant products

Russia revises ban on imports of Egyptian plant products

Russia's food safety watchdog has revised its ban on imports of fruit and vegetables from Egypt after the lifting of…
World stocks get the jitters as US presidential debate looms

World stocks get the jitters as US presidential debate looms

European and Asian shares retreated on Monday as investors waited to see how Donald Trump would fare in a U.S.…
Tourist visitor rates fall by 51.2% in 2016: CAPMAS

Tourist visitor rates fall by 51.2% in 2016: CAPMAS

The Central Agency for Public Mobilization and Statistics (CAPMAS) announced on Monday that the number of foreign tourists visiting Egypt…
Telecom Egypt considers acquiring additional 4G spectrum

Telecom Egypt considers acquiring additional 4G spectrum

Telecom Egypt, the state fixed-line monopoly, said on Monday it was considering acquiring additional spectrum, weeks after it bought a…
Oil prices rebound after Algeria says all options open at OPEC meeting

Oil prices rebound after Algeria says all options open at OPEC meeting

Crude prices rebounded on Monday after Algeria's energy minister said the day before that all options were possible for an…
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