Economy
We will keep basic goods prices stable despite dollar crisis: Sisi
April 14, 2016
We will keep basic goods prices stable despite dollar crisis: Sisi
Egypt's President Abdel Fattah al-Sisi said on Wednesday he would make sure the price of basic goods does not increase,…
World Bank to provide Egypt with first US$1 billion of $3 billion loan
April 13, 2016
World Bank to provide Egypt with first US$1 billion of $3 billion loan
The World Bank will provide the first US$1 billion tranche of a $3 billion loan to Egypt after parliament approves…
MIDEAST STOCKS: Saudi shares may rise on bank results; Egypt correction to continue
April 12, 2016
MIDEAST STOCKS: Saudi shares may rise on bank results; Egypt correction to continue
Saudi Arabian shares may gain on Tuesday, supported by banking stocks after two lenders reported earnings that beat expectations, while…
Saudi Arabia to supply Egypt with 700,000 tonnes of petroleum products a month
April 11, 2016
Saudi Arabia to supply Egypt with 700,000 tonnes of petroleum products a month
Saudi Arabia is to provide Egypt with 700,000 tonnes of petroleum products a month under a US$23 billion deal over…
Egypt’s urban inflation falls in March for third consecutive month
April 11, 2016
Egypt’s urban inflation falls in March for third consecutive month
Egypt's annual urban consumer inflation eased for the third consecutive month in March to 9 percent from 9.1 percent in…
Egypt has high hopes for tourism despite setbacks: new minister
April 11, 2016
Egypt has high hopes for tourism despite setbacks: new minister
Egypt is confident of luring back millions of foreign visitors and putting a smile on their faces, according to its…
US banks’ dismal first quarter may spell trouble for 2016
April 11, 2016
US banks’ dismal first quarter may spell trouble for 2016
It is only April, but some on Wall Street are already predicting a rotten 2016 for US banks.Analysts say it…
Gulf bourses wobble in early trade
April 11, 2016
Gulf bourses wobble in early trade
Stock markets in the Gulf wobbled in early trade on Monday as investors cashed out of stocks in anticipation of…
Italy mulls establishing three logistic zones in Egypt: minister
April 10, 2016
Italy mulls establishing three logistic zones in Egypt: minister
Italy is mulling the creation of three logistics zones in Egypt to preserve and store grains, vegetables and fruits, and…
Egypt, Saudi Arabia sign 36 agreements worth up to US$25 billion
April 10, 2016
Egypt, Saudi Arabia sign 36 agreements worth up to US$25 billion
Egypt and Saudi Arabia have signed 36 agreements and memorandums of understanding (MoUs) representing Saudi investments of up to US$25…