Economy
Dollar price drops on black market as talks on $12bn IMF loan announced
July 28, 2016
Dollar price drops on black market as talks on $12bn IMF loan announced
The price of the US dollar has fallen against the Egyptian pound on the black market after the official announcement…
EgyptAir achieves ‘positive’ results in Star Alliance inspection
July 27, 2016
EgyptAir achieves ‘positive’ results in Star Alliance inspection
EgyptAir has announced "positive" results in a recent inspection of key sites at Cairo International Airport by the Star Alliance…
Egypt signs exploration deals with US and Cyprus firms
July 27, 2016
Egypt signs exploration deals with US and Cyprus firms
Egypt's minister of petroleum and mineral resources has signed two agreements for oil and gas exploration in upper Egypt with…
27.8 percent of Egyptian population lives below poverty line: CAPMAS
July 27, 2016
27.8 percent of Egyptian population lives below poverty line: CAPMAS
Egypt’s official statistics agency said on Tuesday that the Egyptian poverty line stands at an income of LE5,787.9 annually and…
IMF mission in Cairo next week for talks on US$12bn bailout
July 27, 2016
IMF mission in Cairo next week for talks on US$12bn bailout
The International Monetary Fund confirmed on Tuesday that Egypt has asked it for financial support program and said an IMF…
Egypt’s central bank keeps pound stable at 8.78 per dollar
July 26, 2016
Egypt’s central bank keeps pound stable at 8.78 per dollar
The Central Bank of Egypt (CBE) kept the pound stable at 8.78 per dollar at its weekly foreign currency auction…
Porsche to create more than 1,400 jobs for electric car
July 26, 2016
Porsche to create more than 1,400 jobs for electric car
Porsche (VOWG_p.DE) has raised the number of jobs it will create for the production of its first all-electric sports car…
The identity crisis that led to Yahoo’s demise
July 26, 2016
The identity crisis that led to Yahoo’s demise
When senior Yahoo executives gathered at a San Jose hotel for a management retreat in the spring of 2006, there…
Daimler’s mytaxi to merge with Hailo to take on Uber
July 26, 2016
Daimler’s mytaxi to merge with Hailo to take on Uber
Daimler's mytaxi said it will merge with British rival Hailo in an all-share deal, creating Europe's largest smartphone-based taxi-hailing business.Unlike…
Suez Canal introduces cheaper tolls for empty US oil vessels travelling to Gulf
July 25, 2016
Suez Canal introduces cheaper tolls for empty US oil vessels travelling to Gulf
The Suez Canal Authority has announced a decision to reduce the toll on empty US oil vessels sailing through the…