Economy
US watchdog to probe Fed’s lax oversight of Wall Street
March 5, 2016
US watchdog to probe Fed’s lax oversight of Wall Street
A US watchdog agency is preparing to investigate whether the Federal Reserve and other regulators are too soft on the…
Egypt says reached agreement over foreign airline payments
March 5, 2016
Egypt says reached agreement over foreign airline payments
Egypt's civil aviation ministry said on Thursday it had reached an agreement with the central bank over paying foreign airlines…
Egypt foreign reserves US$16.53 billion at end-Feb: c.bank
March 4, 2016
Egypt foreign reserves US$16.53 billion at end-Feb: c.bank
Egypt's net foreign reserves reached US$16.53 billion at the end of February, slightly higher than in the previous month, the…
Barclays plans to sell Egypt branch
March 3, 2016
Barclays plans to sell Egypt branch
Barclays has declared its intentions to sell its branch in Egypt as well as some other branches in Africa and…
Egypt’s six-month and one-year t-bill rise in Thursday’s auction
March 3, 2016
Egypt’s six-month and one-year t-bill rise in Thursday’s auction
Yields on Egypt's six-month and one-year Treasury bills rose at an auction on Thursday, data from the central bank showed. The…
German summer bookings for Turkey, Egypt, Tunisia drop 40 percent
March 3, 2016
German summer bookings for Turkey, Egypt, Tunisia drop 40 percent
German travellers' bookings for summer holidays in Egypt, Tunisia and Turkey have dropped around 40 percent compared with a year…
Egypt’s non-oil sector activity recess persists in February
March 3, 2016
Egypt’s non-oil sector activity recess persists in February
Activity by Egypt’s non-oil private companies receded for a fifth month in a row in February, according to the National…
Egypt to take part in Berlin’s stock exchange
March 3, 2016
Egypt to take part in Berlin’s stock exchange
Tourism Minister Hisham Zaazou will head Egypt’s delegation at the International Tourism Stock Exchange of Berlin being held March 8-12. The…
Egyptian pound steady at auction, weakens on black market
March 3, 2016
Egyptian pound steady at auction, weakens on black market
The Egyptian pound held steady against the dollar at an official foreign currency auction on Thursday but weakened significantly on…
LG to start manufacturing washing machines in Egypt before year’s end
March 3, 2016
LG to start manufacturing washing machines in Egypt before year’s end
James Park, vice-president of LG Electronics, has announced his company's plans to start manufacturing washing machines in Egypt before the…