Economy

CBE to reprint 1LE banknote to be introduced by Ramadan

CBE to reprint 1LE banknote to be introduced by Ramadan

The Central Bank of Egypt (CBE) is to print LE 500 million of one pound banknotes by the beginning of…
Cabinet reveals plans to tap into unused public sector assets

Cabinet reveals plans to tap into unused public sector assets

In an effort to tap into unused public sector assets, Prime Minister Sherif Ismail held a meeting Tuesday over plans to…
Eni has suffered no impact from Regeni case: CEO

Eni has suffered no impact from Regeni case: CEO

The operations of Italian oil and gas major Eni in Egypt have suffered no impact from the killing of Italian…
Oil falls after Iran dampens hopes for production freeze

Oil falls after Iran dampens hopes for production freeze

Brent oil prices fell for a fourth consecutive session on Monday after Iran insisted it would not freeze crude output,…
Egypt wins most famous tourist destination award in Shanghai

Egypt wins most famous tourist destination award in Shanghai

Egypt has won the award for "most famous tourist destination" at the 2016 World Travel Fair, which concluded on Sunday…
Rules for ‘too big to fail’ insurance firms coming soon: Federal Reserve official

Rules for ‘too big to fail’ insurance firms coming soon: Federal Reserve official

The Federal Reserve will soon take up rules covering prudential standards and liquidity for insurance companies deemed "too big to…
US, Europeans promise to clarify doing business with Iran

US, Europeans promise to clarify doing business with Iran

The United States and European powers will work to clear up any confusion companies may have about doing business with…
European travel and leisure stocks fall after EgyptAir plane vanishes

European travel and leisure stocks fall after EgyptAir plane vanishes

European travel and leisure stocks fell and underperformed a weaker, broader market on Thursday after EgyptAir said a plane carrying…
CBE offers US$120 million to cover pharmaceutical imports

CBE offers US$120 million to cover pharmaceutical imports

Egypt's central bank held the pound steady at a regular dollar sale on Tuesday but said the dollars would be…
Egypt cabinet approves long-awaited VAT bill

Egypt cabinet approves long-awaited VAT bill

Egypt's cabinet approved "in principle" a long-awaited value added tax (VAT) bill and will refer it to the Council of…
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