Economy
Egyptian central bank keeps key interest rates unchanged
April 29, 2016
Egyptian central bank keeps key interest rates unchanged
Egypt's central bank kept its key interest rates unchanged on Thursday in its first decision since it raised rates by…
Crude oil prices steady after hitting new 2016 highs
April 28, 2016
Crude oil prices steady after hitting new 2016 highs
Oil futures steadied after setting new 2016 highs on Thursday as traders locked in profits, though analysts said supply disruptions,…
Egypt’s CIB approves extension for Beltone Financial’s offer for CI Capital
April 28, 2016
Egypt’s CIB approves extension for Beltone Financial’s offer for CI Capital
Egypt's Commercial International Bank (CIB) approved a two-week extension for an offer by Beltone Financial to acquire its subsidiary CI…
Geldof’s fund 8 Miles eyes more Egyptian, African investments: interview
April 27, 2016
Geldof’s fund 8 Miles eyes more Egyptian, African investments: interview
Bob Geldof's private equity fund plans to acquire more stakes in African firms before the end of the year, the…
Eastern Libya ships first oil cargo in defiance of Tripoli
April 27, 2016
Eastern Libya ships first oil cargo in defiance of Tripoli
A government based in eastern Libya has shipped its first cargo of crude in defiance of authorities in the capital…
Egypt’s central bank sells US$118.7 million at Tuesday auction
April 26, 2016
Egypt’s central bank sells US$118.7 million at Tuesday auction
Egypt's central bank sold US$118.7 million at its regular rate of 8.78 to the dollar at Tuesday's sale.Egypt's pound strengthened…
New website makes for easy trip bookings to Egypt: Tourism Minister
April 26, 2016
New website makes for easy trip bookings to Egypt: Tourism Minister
Tourism Minister Mohamed Yehia Rashed has said that his ministry is overhauling the operations of its various wings through new…
Exclusive: SWIFT warns customers of multiple cyber fraud cases
April 26, 2016
Exclusive: SWIFT warns customers of multiple cyber fraud cases
SWIFT, the global financial network that banks use to transfer billions of dollars every day, warned its customers on Monday…
German tour operator suspends flights to Egypt upon disputes with minister
April 26, 2016
German tour operator suspends flights to Egypt upon disputes with minister
Germany’s fourth-biggest tour operator, FTI, has suspended its trips to Egypt upon a disagreement between its officials and Egyptian Tourism…
Taking on Tesla: China’s Jia Yueting aims to outmuscle Musk
April 25, 2016
Taking on Tesla: China’s Jia Yueting aims to outmuscle Musk
Tomorrow's cars will be all-electric, self-driving, connected to high-speed communications networks ... and free.And probably Chinese.That, at least, is the…