Economy
Egypt announces more flexible exchange rate policy as it devalues pound
March 14, 2016
Egypt announces more flexible exchange rate policy as it devalues pound
Egypt's central bank devalued the pound on Monday and said it would move to a more flexible exchange rate policy…
Oil back below $40 as Iran dashes hopes for quick deal on output
March 14, 2016
Oil back below $40 as Iran dashes hopes for quick deal on output
Oil fell around 2 percent on Monday after Iran dashed hopes that there would be a coordinated production freeze any…
China’s supply-side slogan means different things to different people
March 14, 2016
China’s supply-side slogan means different things to different people
To some it means upgrading China's ubiquitous hole-in-the-wall noodle shops, to others it is manufacturing high-tech toilet seats."Supply-side reform" is…
Central bank devalues Egyptian pound to LE8.85 per dollar at special FX auction
March 14, 2016
Central bank devalues Egyptian pound to LE8.85 per dollar at special FX auction
Egypt's central bank said on Monday it had devalued the Egyptian pound to LE8.85 per dollar at a special foreign…
Banque Misr: dollar black market rate down to LE9
March 13, 2016
Banque Misr: dollar black market rate down to LE9
The rate quoted for the US dollar among black market dealers has dropped to nearly LE9, down from a recently…
As market rallies back, investors turn eyes to the Fed
March 13, 2016
As market rallies back, investors turn eyes to the Fed
Investors who have pushed the US stock market higher over the past month will be taking their cues about the…
Oil pipeline agreement with Iraq, Jordan should be implemented: former minister
March 12, 2016
Oil pipeline agreement with Iraq, Jordan should be implemented: former minister
Former Petroleum Minister Osama Kamal has praised plans to build a two-way oil pipeline linking Egypt to Iraq via Jordan,…
FAO expert to arrive in Egypt on Sunday, work on ergot laws
March 12, 2016
FAO expert to arrive in Egypt on Sunday, work on ergot laws
A UN Food and Agriculture Organization (FAO) expert will arrive in Cairo on Sunday to study the effect of ergot…
AT&T, Starwood, Marriott working on Cuba deals ahead of Obama visit
March 12, 2016
AT&T, Starwood, Marriott working on Cuba deals ahead of Obama visit
At least three major US companies, AT&T Inc (T.N), Starwood Hotels & Resorts Worldwide Inc (HOT.N) and Marriott International Inc…
Tourism real-estate firms lure potential investors are ITB Berlin trade show
March 11, 2016
Tourism real-estate firms lure potential investors are ITB Berlin trade show
Egypt's representatives at the ITB Berlin travel trade show have reported large numbers of visitors to the Egypt area, including…