Economy
CBE to reprint 1LE banknote to be introduced by Ramadan
May 25, 2016
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
May 25, 2016
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
May 24, 2016
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
May 23, 2016
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
May 23, 2016
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
May 20, 2016
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
May 20, 2016
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
May 19, 2016
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
May 18, 2016
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
May 17, 2016
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…