Economy
Eid brings wave of revival to Red Sea tourist resorts
July 9, 2016
Eid brings wave of revival to Red Sea tourist resorts
Egypt's tourist resorts have seen a new lease of life this Eid, with Red Sea holiday destinations receiving their highest…
Militants blow up Eni oil pipeline in Nigeria: security agency
July 8, 2016
Militants blow up Eni oil pipeline in Nigeria: security agency
Attackers blew up an oil pipeline in Nigeria's southern Bayelsa state operated by a subsidiary of Italy's Eni on Friday,…
Net foreign direct investment up by 13.7%: Investment Ministry
July 8, 2016
Net foreign direct investment up by 13.7%: Investment Ministry
The Investment Ministry has released figures suggesting a net increase in foreign direct investment (FDI) in Egypt during the 2015-2016…
India’s Modi in South Africa for talks with Zuma, trade summit
July 8, 2016
India’s Modi in South Africa for talks with Zuma, trade summit
Indian Prime Minister Narendra Modi met South Africa's President Jacob Zuma on Friday to discuss boosting investment and trade, in…
Libya oil guards back NOC state oil company, preparing to reopen fields
July 8, 2016
Libya oil guards back NOC state oil company, preparing to reopen fields
Libya's oil guard brigades, which control Ras Lanuf and Es Sider, two major export terminals closed since 2014, are working…
Eni’s investment in Zohr gas project transcends political controversies: official
July 8, 2016
Eni’s investment in Zohr gas project transcends political controversies: official
Egypt's ongoing cooperation with Italian oil company Eni in developing the "supergiant" Zohr gas field is so important that it…
Four US investment banks offer support for London after Brexit vote
July 7, 2016
Four US investment banks offer support for London after Brexit vote
Four U.S. investment banks promised British finance minister George Osborne on Thursday that they would try to help London keep…
Bank of England eases rules for banks to meet Brexit challenge
July 5, 2016
Bank of England eases rules for banks to meet Brexit challenge
The Bank of England took steps on Tuesday to ensure British banks keep lending and insurers do not dump corporate…
Egypt surges on expectations of currency devaluation
July 5, 2016
Egypt surges on expectations of currency devaluation
Cairo's main stock index rose 2.9 percent on Monday on expectations of a further currency devaluation this fiscal year, while…
Egypt’s foreign reserves edge up to US$17.546 bln at end of June
July 5, 2016
Egypt’s foreign reserves edge up to US$17.546 bln at end of June
Egypt's net foreign reserves rose slightly to US$17.546 billion at the end of June, the central bank said on Monday.…