Economy

Egypt looks forward to establishment of African free trade zone: Sisi

Egypt looks forward to establishment of African free trade zone: Sisi

President Abdel Fattah al-Sisi said on Sunday during the African Union (AU) assembly that Egypt looks forward to the completion…
Egypt purchases 300,000 tonnes of wheat from Russia, Romania

Egypt purchases 300,000 tonnes of wheat from Russia, Romania

Egypt's Supply Minister Khaled Hanafi announced in a statement Sunday plans to buy 300,000 tonnes of wheat from Russian and…
Kuwait’s Zain interested in Egypt 4G license: ministry official

Kuwait’s Zain interested in Egypt 4G license: ministry official

Kuwaiti mobile operator Zain has expressed interest in applying for a fourth-generation license in Egypt, a senior telecommunications ministry official…
Egypt’s economy drops to third place in Africa rankings: Bloomberg

Egypt’s economy drops to third place in Africa rankings: Bloomberg

Bloomberg has rated the Egyptian economy third on the African continent, pushing it back from second place after just two…
No balance: oil markets still oversupplied, now growth is stuttering

No balance: oil markets still oversupplied, now growth is stuttering

Oil industry hopes that markets are about return to balance, ending a global glut that pulled down prices by over…
Officials arrested in Sharqiya for manipulating wheat stocks

Officials arrested in Sharqiya for manipulating wheat stocks

Police investigators have arrested several officials in Sharqiya Governorate for allegedly manipulating the amount of wheat stored in silos under…
Central bank to keep pound stable at forex auction amid devaluation talk

Central bank to keep pound stable at forex auction amid devaluation talk

Egypt's central bank will keep the Egyptian pound stable at 8.78 to the dollar at its weekly foreign exchange auction…
EgyptAir launches campaign, package deals to promote local tourism

EgyptAir launches campaign, package deals to promote local tourism

EgyptAir has announced the launch of a new a campaign to promote local tourism this summer entitled “Your Vacation in…
Harley moves to keep premium status, attract younger riders

Harley moves to keep premium status, attract younger riders

After the shares of Harley-Davidson Inc (HOG.N) took a wild ride last week on unconfirmed buyout rumors, the motorcycle maker's…
Egypt non-oil business activity slows for ninth straight month in June: PMI

Egypt non-oil business activity slows for ninth straight month in June: PMI

Business activity in Egypt shrank for the ninth straight month in June on the back of further declines in output,…
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