Economy
IEA says oil prices might have bottomed out
March 11, 2016
IEA says oil prices might have bottomed out
Oil prices might have bottomed as output in the United States and other non-OPEC producers is beginning to fall quickly…
Lenders team may return to Athens in coming week as differences narrow
March 10, 2016
Lenders team may return to Athens in coming week as differences narrow
A team of international lenders from the euro zone and the International Monetary Fund is likely to return to Athens…
Egypt tops Russian wheat importers: Sputnik
March 10, 2016
Egypt tops Russian wheat importers: Sputnik
Russian exports of wheat to Egypt reached around 4.9 million tons between July 2015 to February 2016, according to Russian…
Thomas Cook’s extension of Egypt travel ban ‘weird’: Tourism Ministry
March 10, 2016
Thomas Cook’s extension of Egypt travel ban ‘weird’: Tourism Ministry
Egypt’s Tourism Ministry has slammed Thomas Cook’s decision to extend the suspension of its travels to Sharm el-Sheikh, labelling it…
Egypt to offer incentives for low-cost airlines: tourism minister
March 10, 2016
Egypt to offer incentives for low-cost airlines: tourism minister
Egypt plans to announce incentives for low-cost airlines such as easyJet and Germany's Air Berlin and Condor to help combat…
Telecom Egypt to issue dividend of 75 piasters per share for 2015
March 10, 2016
Telecom Egypt to issue dividend of 75 piasters per share for 2015
Telecom Egypt plans to issue a dividend of 75 piasters per share for 2015, the firm said in a bourse…
Urban consumer price inflation eased to 9.1 % in Feb.: CAPMAS
March 10, 2016
Urban consumer price inflation eased to 9.1 % in Feb.: CAPMAS
Egypt's annual urban consumer price inflation eased to 9.1 percent in February from 10.1 percent in January, the official statistics…
Egyptian pound hits all-time low against the dollar on black market
March 9, 2016
Egyptian pound hits all-time low against the dollar on black market
The value of the Egyptian pound relative to the US dollar hit rock bottom last week, with US$1 equaling LE10…
Central bank removes dollar deposits cap for companies
March 9, 2016
Central bank removes dollar deposits cap for companies
The Central Bank of Egypt (CBE) has removed a limit it imposed in February 2015 on foreign currency deposits and…
Obama advisor submits proposals for Egypt’s currency crisis
March 9, 2016
Obama advisor submits proposals for Egypt’s currency crisis
Egypt’s central bank official Mohamed al-Erian has submitted a paper of proposals to “high-level” state bodies to resolve the current…