Economy

Egyptians top the ranks of Arab investments in Dubai real estate

Egyptians top the ranks of Arab investments in Dubai real estate

Egyptians ranked in second place among Arabs buying land and real estate in Dubai over the first half of 2016,…
Vodafone reports better-than-expected 2.2 percent rise in first quarter revenue

Vodafone reports better-than-expected 2.2 percent rise in first quarter revenue

Vodafone reported a better-than-expected 2.2 percent rise in first-quarter organic service revenue, marking an eighth consecutive quarterly rise in its…
Barclays begins Egypt sale process, at least two interested

Barclays begins Egypt sale process, at least two interested

Barclays has begun a formal process to sell its Egyptian unit, with at least two banks from the Middle East…
Iron Man Musk wages war on too many fronts

Iron Man Musk wages war on too many fronts

Last October, Consumer Reports published the most glowing appraisal of an automobile in its 80-year history. The hard-to-please non-profit magazine,…
Egypt’s central bank says not time to float pound, devaluation depends on timing

Egypt’s central bank says not time to float pound, devaluation depends on timing

Egypt's central bank governor said on Wednesday that the time was not right to float the Egyptian pound, which has…
Blumberg says its high-tech silos not used to store Egyptian wheat

Blumberg says its high-tech silos not used to store Egyptian wheat

Blumberg Grain said on Wednesday its high-tech silos, the first phase of a wheat storage development project in Egypt, were…
Telecom Egypt in loan talks to fund 4G licence

Telecom Egypt in loan talks to fund 4G licence

Telecom Egypt, the country's state-owned landline monopoly is in talks with banks regarding a 5 billion Egyptian pound (US$563.07 million)…
Egypt’s Ezz Steel Q1 net loss widens to US$15.4 mln

Egypt’s Ezz Steel Q1 net loss widens to US$15.4 mln

Egypt's Ezz Steel reported a first-quarter net loss, after tax and minority interests, widened to 136.896 million Egyptian pounds (US$15.42…
Egypt’s tender for a third FSRU draws interest from four firms

Egypt’s tender for a third FSRU draws interest from four firms

Egypt's tender to lease a third floating and storage regasification unit (FSRU) has drawn interest from four international firms, an…
Supply minister seeks new strategic trade alliance with Kenya

Supply minister seeks new strategic trade alliance with Kenya

Domestic Trade and Food Supply Minister Khaled Hanafy met on Wednesday with representatives of the Kenyan meat and tea industries…
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