Economy

Oil slips on dollar strength, still set for monthly gain

Oil slips on dollar strength, still set for monthly gain

Crude oil prices slid on Wednesday, pressured by a strong U.S. dollar and high stocks of physical oil, though prices…
Cyprus signs deal with Egypt for gas transfers via pipeline

Cyprus signs deal with Egypt for gas transfers via pipeline

Cyprus signed a deal on Wednesday for the transfer of natural gas via pipeline to Egypt, once extraction starts of…
1.33 mn Egyptians permitted to work abroad in 2015: CAPMAS

1.33 mn Egyptians permitted to work abroad in 2015: CAPMAS

The total number of permits for working abroad issued by Egypt's Interior Ministry rose by 0.9 percent in 2015 compared…
Iraq’s Qayyara oil fields won’t return to production before Mosul retaken: spokesman

Iraq’s Qayyara oil fields won’t return to production before Mosul retaken: spokesman

Iraq doesn't expect to resume production from the northern Qayyara oil region before the capture of nearby Mosul from Islamic…
Parliament chief refers wheat corruption report to prosecutor general

Parliament chief refers wheat corruption report to prosecutor general

A parliamentary fact-finding commission's report on corruption in the country's wheat industry was referred to the prosecutor general and an…
Egyptian parliament approves value-added tax at 13 percent

Egyptian parliament approves value-added tax at 13 percent

Egypt's parliament approved on Monday a long-awaited law introducing a value-added tax of 13 percent, rising to 14 percent in…
Egypt’s tourism drops 41.9 pct in July year-on-year: CAPMAS

Egypt’s tourism drops 41.9 pct in July year-on-year: CAPMAS

Egypt suffered a 41.9 per cent drop in the number of incoming tourists in July compared to a year earlier,…
Parliament approves VAT bill at 13 percent tax rate

Parliament approves VAT bill at 13 percent tax rate

Egypt's House of Representatives gave its initial approval for a bill to introduce Value-Added Tax (VAT) during preliminary discussions in…
Saudi Telecom, Lebara KSA in Egypt this week to discuss 4G licence, official says

Saudi Telecom, Lebara KSA in Egypt this week to discuss 4G licence, official says

Representatives from Saudi Telecom and Lebara KSA are in Egypt this week to discuss the possibility of obtaining a fourth-generation…
Wheat drops for 6th session on ample supplies; Egypt demand eyed

Wheat drops for 6th session on ample supplies; Egypt demand eyed

U.S. wheat fell for a sixth consecutive session and hovered near a three-week low on Monday, as ample global stocks…
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