Business
World’s largest container ship crosses Suez Canal
December 18, 2017
World’s largest container ship crosses Suez Canal
The world’s largest container ship OOCL Hong Kong crossed the Suez Canal on Monday on its way from the Netherlands…
Hilton to add 1000 extra rooms in Egypt in 2018
December 18, 2017
Hilton to add 1000 extra rooms in Egypt in 2018
Hilton Worldwide is planning to add 1000 more rooms to the number of existing rooms it manages in Egypt by…
US dollar exchange rate approaching LE 18
December 18, 2017
US dollar exchange rate approaching LE 18
The US dollar exchange rate hiked during Monday morning trading, approaching LE 18, with more than one bank selling it…
Egypt, Argentina consider Hepatitis medication barter deal to improve trade deficit
December 14, 2017
Egypt, Argentina consider Hepatitis medication barter deal to improve trade deficit
Egypt’s Minister of Trade and Industry Tarek Qabil said on Wednesday that Egypt and Argentina are considering a barter deal…
Russian Industrial Zone construction works to begin in 2018: SCA Chairman
December 14, 2017
Russian Industrial Zone construction works to begin in 2018: SCA Chairman
Chairman of the Suez Canal Authority (SCA) and the Suez Canal Economic Zone (SCZone), Mohab Mamish, said in press statements…
Fifty-nine ships crossed Suez Canal with 3.9mn ton cargo on Tuesday
December 12, 2017
Fifty-nine ships crossed Suez Canal with 3.9mn ton cargo on Tuesday
Head of the General Authority for the Suez Canal Economic Zone (SCZone) and chairman of Suez Canal Authority (SCA) Mohab Mamish…
US dollar exchange rate steadies on Tuesday
December 12, 2017
US dollar exchange rate steadies on Tuesday
The exchange rate of the US dollar against the Egyptian pound steadied on Tuesday after a remarkable increase last week.…
Rise in US dollar exchange rate due to increasing demand
December 12, 2017
Rise in US dollar exchange rate due to increasing demand
The exchange rate of the US dollar rose in banks operating in Egypt on Monday, driven by an increased demand for…
10 richest Arabs of 2017: Forbes
December 11, 2017
10 richest Arabs of 2017: Forbes
Forbes Magazine published on Tuesday a list of the richest 10 people in the Arab world. The UAE had the lion’s…
80% drop in customs tax of imported cars starting 2018: Customs Authority
December 11, 2017
80% drop in customs tax of imported cars starting 2018: Customs Authority
Head of Egypt’s Customs Authority Magdy Abdel Aziz said Sunday that the customs tax on cars, which currently stands at…