Economy
Russia, Egypt agree on roadmap for return of tourism: aviation minister
August 22, 2016
Russia, Egypt agree on roadmap for return of tourism: aviation minister
Egypt has agreed with Russia on a roadmap for the return of Russian flights and tourist services to Egypt, after…
Oil falls as China fuel exports jump, US rigs rise
August 22, 2016
Oil falls as China fuel exports jump, US rigs rise
Oil prices fell nearly 3 percent on Monday as China ramped up exports of refined products, U.S. oil producers added…
Gulf tourism frenzy in Bosnia delights business, polarizes locals
August 21, 2016
Gulf tourism frenzy in Bosnia delights business, polarizes locals
Abdulah Al Sanousi enjoys the breeze in the lush resort outside Sarajevo where his family bought a flat to escape…
Egypt sees eurobond yield at 5.5-6 pct for Sept/Oct issuance
August 21, 2016
Egypt sees eurobond yield at 5.5-6 pct for Sept/Oct issuance
Egypt expects its eurobond issuance at the end of September or early October to have a yield between 5.5 percent…
Back to school stationary slumps as dollar and customs rates skyrocket
August 21, 2016
Back to school stationary slumps as dollar and customs rates skyrocket
A recession has hit Egypt's stationary market that not even the Back to school rush on study supplies has been…
In Egypt, IMF deal brings austerity few can afford
August 20, 2016
In Egypt, IMF deal brings austerity few can afford
A few years ago Imad would not have imagined himself queuing in the Cairo sun for a weekly ration of…
Price increase on govt services will quickly follow VAT law: Finance Ministry
August 20, 2016
Price increase on govt services will quickly follow VAT law: Finance Ministry
The Egyptian government has said it will announce details of increased prices of certain public services as soon as the…
US judge rejects Uber’s driver expenses settlement
August 19, 2016
US judge rejects Uber’s driver expenses settlement
A U.S. judge on Thursday rejected an attempt by Uber Technologies Inc to settle a class action lawsuit with drivers…
Western media blame Sisi for economic woes, Egypt responds
August 17, 2016
Western media blame Sisi for economic woes, Egypt responds
Two major Western news outlets have slammed the economic policies of Egyptian President Abdel Fattah al-Sisi in recent weeks, saying…
Egypt’s dollar black market resilient despite new threat of jail terms
August 17, 2016
Egypt’s dollar black market resilient despite new threat of jail terms
Desperate to elude roving financial police and fearful of new jail terms for black-market money-changing, Egypt's currency traders are driving…