Business
Indian investments in Egypt reach $3bn: Indian Ambassador
February 7, 2018
Indian investments in Egypt reach $3bn: Indian Ambassador
India’s Ambassador to Egypt, Sanjay Bhattacharyya, stated on Wednesday that the value of the Indian economy soared to $2.5…
Egypt plans first hydropower plant in Middle East
February 7, 2018
Egypt plans first hydropower plant in Middle East
The Electricity Ministry is planning to build the first hydropower plant in the Middle East at a capacity of 2,400…
Global stocks tumble as Wall Street braces for more losses
February 6, 2018
Global stocks tumble as Wall Street braces for more losses
Stock markets around the world took a battering Tuesday, following a dramatic sell-off on Wall Street that triggered concerns that…
Over LE100 bn in cash flows since flotation of the pound: CBE governor
February 6, 2018
Over LE100 bn in cash flows since flotation of the pound: CBE governor
The volume of cash flows into the Egyptian economy since the flotation of the pound in November 2016 has exceeded…
US dollar prices decline on Tuesday
February 6, 2018
US dollar prices decline on Tuesday
The US dollar exchange rate witnessed a decline in bank dealings on Tuesday, with the average dollar price landing at…
European markets plunge at opening bell as stock market dip deepens
February 6, 2018
European markets plunge at opening bell as stock market dip deepens
Global markets continue to wobble precariously. European markets took a big hit as Tuesday’s trading began, following major losses across…
Egypt govt prepares for second phase of reform program to boost ailing economy
February 6, 2018
Egypt govt prepares for second phase of reform program to boost ailing economy
Egypt Prime Minister Sherif Ismail said on Monday that he met the Governor of the Central Bank of Egypt Tariq…
Asian shares tumble after Dow has worst day since 2011
February 6, 2018
Asian shares tumble after Dow has worst day since 2011
Asian markets were rattled Tuesday by the miseries on Wall Street, with Japan’s Nikkei 225 index briefly dipping more than…
Egypt’s economic structure is at a turning point: IMF director
February 5, 2018
Egypt’s economic structure is at a turning point: IMF director
Managing Director of the International Monetary Fund (IMF) Christine Lagarde said on Sunday that Egypt is currently undergoing a turning…
IMF expects no additional taxes in Egypt in 2018
February 5, 2018
IMF expects no additional taxes in Egypt in 2018
IMF Director for the Middle East and Central Asia Department Jihad Azour predicts that no additional taxes will be implemented…