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Ministry of Petroleum announces new price hikes

Ministry of Petroleum announces new price hikes

Minister of Petroleum Tarek Al-Mula announced new petroleum price hikes, adding that removing subsides on petroleum is an important procedure…
US dollar hits seven-month high

US dollar hits seven-month high

World shares fell and were set to end the week in the red on Friday while the dollar climbed to…
Egypt inflation rate in May increased by 0.3 %

Egypt inflation rate in May increased by 0.3 %

  The inflation rate in May increased by 0.3% compared to the previous month, reaching 274.7 points from 273.9, according…
G7 divides to G6 plus Trump over trade war threat

G7 divides to G6 plus Trump over trade war threat

Leaders of the G7 nations spent Friday hunting for a face saving formula to mask the deep rift inflicted on…
Egypt to begin importing rice after slashing its own cultivation

Egypt to begin importing rice after slashing its own cultivation

Egypt will begin importing rice, a crop it has typically had in surplus, to increase stocks and “control the market,”…
Egypt’s foreign currency reserve increased by $106 million in May

Egypt’s foreign currency reserve increased by $106 million in May

  The Central Bank of Egypt (CBE) announced on Monday that the net foreign reserve increased to $44.139 billion at…
Russia lifts ban on Egyptian potato exports from 8 regions

Russia lifts ban on Egyptian potato exports from 8 regions

Minister of Trade and Industry Tariq Qabeel said that the Russian authorities have agreed to lift the ban on Egypt…
Egypt’s rejection of Russian wheat over ergot creates latest supply snag

Egypt’s rejection of Russian wheat over ergot creates latest supply snag

Egypt, the world’s biggest wheat importer, has rejected a Russian wheat cargo for excessive levels of the common grain fungus…
Another billion cubic feet of gas from Zohr field by the end of 2018: minister

Another billion cubic feet of gas from Zohr field by the end of 2018: minister

  The Egyptian Petroleum Ministry is currently accelerating development for the Zohr natural gas field’s production in order to reach…
Egypt tourism revenues surged 83.3 % in Q1

Egypt tourism revenues surged 83.3 % in Q1

  Egypt’s revenues in the tourism sector jumped 83.3% in the first quarter (Q1) of the 2018 fiscal year, reaching $2.2…
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