Economy
Dollar swoons as Fed scales down rate hike forecasts
March 17, 2016
Dollar swoons as Fed scales down rate hike forecasts
The dollar tumbled on Thursday, lifting world shares to their highest level of the year, after the US Federal Reserve…
Proton plans new production line in Egypt: ambassador
March 17, 2016
Proton plans new production line in Egypt: ambassador
Proton Holdings Berhad, a giant Malaysian automobile manufacturer, will dispatch a team of specialists to Cairo in early April to…
Egypt central bank keeps pound stable at LE8.78 per dollar on Thursday
March 17, 2016
Egypt central bank keeps pound stable at LE8.78 per dollar on Thursday
The Central Bank of Egypt (CBE) will keep the pound stable at a regular foreign currency auction on Thursday, four…
A year after the 2015 economic summit, what has been achieved?
March 16, 2016
A year after the 2015 economic summit, what has been achieved?
Tuesday marked one year since Egypt concluded a massive economic conference in the resort city of Sharm el-Sheikh, a major…
EgyptAir reconsiders ticket prices following dollar hike
March 16, 2016
EgyptAir reconsiders ticket prices following dollar hike
EgyptAir is considering increasing prices of plane tickets following a recent 14 percent surge in the US dollar price against…
Egypt c.bank to hold pound steady at 8.85 per dollar at exceptional FX auction
March 15, 2016
Egypt c.bank to hold pound steady at 8.85 per dollar at exceptional FX auction
Egypt's central bank will hold the pound steady at 8.85 pounds per dollar at an exceptional foreign currency auction on…
VW institutional investors file US$3.61 billion suit in Germany
March 15, 2016
VW institutional investors file US$3.61 billion suit in Germany
Almost 300 institutional investors in Volkswagen have filed a multi-billion euro suit against the carmaker for what they see as…
Europe shares track Asia lower after gloomy BOJ economy view
March 15, 2016
Europe shares track Asia lower after gloomy BOJ economy view
European shares fell on Tuesday, mirroring declines in Asia after the Bank of Japan painted a bleaker picture of the…
Experts divided over Egyptian pound devaluation
March 15, 2016
Experts divided over Egyptian pound devaluation
The Central Bank of Egypt's decision to devalue the country’s currency rate has drawn mixed reactions from experts. The Egyptian…
EU grants to Egypt currently total 1bn euros: EU official
March 14, 2016
EU grants to Egypt currently total 1bn euros: EU official
European Union grants to Egypt, covering all sectors, stand at a current one billion euros, said an EU official on…