Economy

Russia, Egypt agree on roadmap for return of tourism: aviation minister

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

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

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

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

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

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

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

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

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

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…
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