Economy

Yields drop at Egypt T-bill auction

Yields drop at Egypt T-bill auction

Yields on Egypt's three-month and nine-month treasury bills edged down at Sunday's auction, data from the central bank website showed.The…
Egypt launches international tender for oil, natural gas exploration

Egypt launches international tender for oil, natural gas exploration

Egypt's Ganoub El-Wadi Petroleum Holding Company (GANOPE) launched an international tender for oil and natural gas exploration in 10 sectors…
IMF request fully floating Egyptian pound: senior gov’t official

IMF request fully floating Egyptian pound: senior gov’t official

A senior government official has revealed an International Monatery Fund (IMF) suggestion to fully float the Egyptian pound against the…
Telecom Egypt board tentatively agrees to buy 4G license

Telecom Egypt board tentatively agrees to buy 4G license

Telecom Egypt, the country's state-owned landline monopoly, said on Sunday its board had given preliminary approval to a plan to…
Taxing times: why Russian pump prices rise as oil prices fall

Taxing times: why Russian pump prices rise as oil prices fall

The global economic slowdown has hurt millions of households, but has at least had a silver lining: with oil prices…
Are you among the richest 10% in Egypt?

Are you among the richest 10% in Egypt?

If your family's average spending is LE60.7 thousand per annum, slightly more than LE5,000 per month, then you belong to…
Dollar price drops on black market as talks on $12bn IMF loan announced

Dollar price drops on black market as talks on $12bn IMF loan announced

The price of the US dollar has fallen against the Egyptian pound on the black market after the official announcement…
EgyptAir achieves ‘positive’ results in Star Alliance inspection

EgyptAir achieves ‘positive’ results in Star Alliance inspection

EgyptAir has announced "positive" results in a recent inspection of key sites at Cairo International Airport by the Star Alliance…
Egypt signs exploration deals with US and Cyprus firms

Egypt signs exploration deals with US and Cyprus firms

Egypt's minister of petroleum and mineral resources has signed two agreements for oil and gas exploration in upper Egypt with…
27.8 percent of Egyptian population lives below poverty line: CAPMAS

27.8 percent of Egyptian population lives below poverty line: CAPMAS

Egypt’s official statistics agency said on Tuesday that the Egyptian poverty line stands at an income of LE5,787.9 annually and…
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