Economy

Japan’s factory output down 1.0% in November: government

Japan’s factory output down 1.0% in November: government

Japan's factory output fell 1.0 percent in November from the previous month, official data showed on Monday, as the country…
Levy imposed on fabric scraps to protect textile industry

Levy imposed on fabric scraps to protect textile industry

Trade and Industry Minister Tareq Qabil has applied an export fee of LE3,500 per ton of clippings and scrap fabrics…
Hurghada welcomed 8,000 tourists Saturday

Hurghada welcomed 8,000 tourists Saturday

Hurghada International Airport received 8,000 European tourists on board 60 separate flights on Saturday. German tourists accounted for the largest number…
Egypt’s central bank keeps pound at 7.7301 per dollar: traders

Egypt’s central bank keeps pound at 7.7301 per dollar: traders

Egypt's central bank kept the pound steady at LE7.7301 to the dollar at its official foreign currency auction on Sunday,…
Egyptian pound steady at official currency sale and black market

Egyptian pound steady at official currency sale and black market

The Egyptian pound held steady at an official foreign currency auction on Thursday and on the black market.Egypt, which depends…
Egypt struggles to pay for oil, LNG supplies amid foreign currency crisis

Egypt struggles to pay for oil, LNG supplies amid foreign currency crisis

 Egypt is struggling to pay for U.S. dollar-priced oil product and liquefied natural gas (LNG) imports, cancelling purchases, and asking…
UPDATE: Egypt’s grain buyer frees up wheat payment terms amid currency crisis

UPDATE: Egypt’s grain buyer frees up wheat payment terms amid currency crisis

Egypt's General Authority for Supply Commodities (GASC), said that it has changed the terms of payment for wheat purchased in…
Egypt, Jordan agree to continue policy of truck entry during 2016

Egypt, Jordan agree to continue policy of truck entry during 2016

Egypt and Jordan on Tuesday agreed to continue following the same policy of the entry of trucks and refrigerator trucks…
Egypt’s market gains LE760 mn on Tuesday, EGX30 inches up 0.1%

Egypt’s market gains LE760 mn on Tuesday, EGX30 inches up 0.1%

Egypt's stock market closed in the green zone for a seventh session in a row, as the benchmark EGX30 index…
Egypt’s Beltone Capital targets share sale in 2016

Egypt’s Beltone Capital targets share sale in 2016

Egypt's Beltone Capital, which aims to raise LE1 billion ($128 million) in an initial public offering, has pushed back its…
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