Economy
Egypt’s telecom regulator to send out final 4G licence terms on Sunday
August 17, 2016
Egypt’s telecom regulator to send out final 4G licence terms on Sunday
Egypt's telecoms industry regulator has approved the final terms for 4G mobile broadband network licences and will send the forms…
Egypt seeking $5 bn aid from Arab countries, international institutions
August 17, 2016
Egypt seeking $5 bn aid from Arab countries, international institutions
The Egyptian government has opened channels of communication with a number of Arab countries and international institutions to provide up…
How US sanctions targeted a Belize banana farmer, and hurt an economy
August 16, 2016
How US sanctions targeted a Belize banana farmer, and hurt an economy
When the United States blacklisted John Angel Zabaneh, a banana farmer and exporter in Belize, for alleged ties to a…
Govt legalizes 14 carat gold as Saudi jeweler L’azurde opens new line
August 16, 2016
Govt legalizes 14 carat gold as Saudi jeweler L’azurde opens new line
The Minister of Supply and Internal Trade Khaled Hanafy inaugurated on Tuesday an operation line for gold in coordination with…
Govt to reduce staffing levels to ease strain in budget
August 16, 2016
Govt to reduce staffing levels to ease strain in budget
Mohamed Meit, Assistant Minister of Finance for the treasury, has announced government plans to streamline employment within the state administrative…
Stocks at record highs as oil jumps
August 15, 2016
Stocks at record highs as oil jumps
U.S. stock indexes were trading at all-time highs on Monday, building on the record-setting rally of the past few weeks,…
British Airways offers support to Egyptian tour operators
August 15, 2016
British Airways offers support to Egyptian tour operators
British Airways has affirmed its support for Egypt's travel and tourism industry, stressing the need for joint action to support…
Egypt’s 2015/16 petroleum subsidy spending down 23 percent
August 15, 2016
Egypt’s 2015/16 petroleum subsidy spending down 23 percent
Egypt's spending on petroleum subsidies fell by 23 percent in 2015/16 to 55 billion Egyptian pounds ($6.27 billion), Tarek al-Hadidi,…
Combating deficit, Finance Ministry proposes raise on gov’t service prices
August 14, 2016
Combating deficit, Finance Ministry proposes raise on gov’t service prices
Egypt is mulling raising the prices of some 14 government services to generate additional revenue for the state budget, a…
Egypt’s finance minister expects first tranche of IMF loan in six weeks
August 12, 2016
Egypt’s finance minister expects first tranche of IMF loan in six weeks
Egypt expects to receive the first $4 billion tranche of a $12 billion three-year IMF loan facility within six weeks,…