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World’s largest container ship crosses Suez Canal

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

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

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

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

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

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

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

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

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

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…
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