Economy

CBE pays back US$1 billion debt owed to Qatar

CBE pays back US$1 billion debt owed to Qatar

Egypt has returned to Qatar US$1 billion deposited by the Gulf state to help prop up the Egyptian central bank's…
British offshore wind projects at risk after Brexit vote

British offshore wind projects at risk after Brexit vote

The British offshore wind industry, already bruised by subsidy changes, faces uncertainty after Britain voted to leave the European Union,…
Nigeria signs $80 bln of oil, gas infrastructure deals with China

Nigeria signs $80 bln of oil, gas infrastructure deals with China

Nigeria has signed oil and gas infrastructure agreements worth $80 billion with Chinese companies, the West African country's state oil…
No change to debit card usage rules abroad: CBE governor

No change to debit card usage rules abroad: CBE governor

Tarek Amer, governor of the Central Bank of Egypt (CBE), said on Thursday that there was no change to the…
Egypt bans use of debit cards abroad amid hard-currency shortage

Egypt bans use of debit cards abroad amid hard-currency shortage

Egypt has ordered banks to prevent customers from using debit cards based on their Egyptian pound accounts when they go…
Under Armour leads Olympic marketing shake-up after ‘rule 40’ changes

Under Armour leads Olympic marketing shake-up after ‘rule 40’ changes

Against a backdrop of the iconic five rings, legendary swimmer Michael Phelps sat on a United States Olympic Committee stage…
Telecom Egypt to receive second tranche of withheld dividends from Vodafone

Telecom Egypt to receive second tranche of withheld dividends from Vodafone

Telecom Egypt will receive a second tranche of withheld dividends from Vodafone Egypt amounting to 750 million Egyptian pounds ($84.46…
Egypt central bank scraps CEO term limits plan after court ruling

Egypt central bank scraps CEO term limits plan after court ruling

Egypt's central bank will not implement a nine-year term limit on bank CEOs that had angered major banks, central bank…
Adios, Three Amigos: Obama heads to last summit with Canada, Mexico

Adios, Three Amigos: Obama heads to last summit with Canada, Mexico

President Barack Obama will meet with leaders of Canada and Mexico on Wednesday for his final "Three Amigos" summit, a…
Volkswagen should pay Europeans same compensation as US drivers: EU commissioner

Volkswagen should pay Europeans same compensation as US drivers: EU commissioner

Volkswagen AG should offer European drivers similar compensation to what the German carmaker is expected to pay US customers, Europe's…
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