Business
Egypt Reserves Reach Record High of Over $36 Billion
August 2, 2017
Egypt Reserves Reach Record High of Over $36 Billion
Egypt’s foreign reserves reached $36.036 billion in July, a record high, which the prime minister described as “good news” as…
US dollar still stands below LE18
August 1, 2017
US dollar still stands below LE18
The US exchange rate against the Egyptian pound slightly stood under LE18 within the bank dealings on Tuesday morning. According to…
Private sector still faces “risks” after EGP devaluation: Financial Times
August 1, 2017
Private sector still faces “risks” after EGP devaluation: Financial Times
Factories and entrepreneurs in Egypt are still facing tremendous “risks” after the flotation of the Egyptian pound in November 2016, the…
Custom US dollar price declines to LE16.25: Minister of Finance:
July 31, 2017
Custom US dollar price declines to LE16.25: Minister of Finance:
In a statement Sunday, the Minister of Finance Amr al-Garhi said the Ministry will decline the custom US dollar price…
US dollar records less than LE18
July 30, 2017
US dollar records less than LE18
US dollar exchange rates against Egyptian pound fell below LE18 in bank dealings on Sunday morning. According to the latest currency…
Sanctions slashed Qatar imports in June, non-gas exports affected: data
July 30, 2017
Sanctions slashed Qatar imports in June, non-gas exports affected: data
Sanctions imposed by three other Gulf states and Egypt slashed Qatar’s imports by more than a third in June while…
Countries where North Korea makes money despite sanctions
July 29, 2017
Countries where North Korea makes money despite sanctions
Though facing tough international sanctions, North Korea uses an elaborate network of countries around the world to earn money. Here’s…
Official denies Egypt imports LNG from Qatar
July 28, 2017
Official denies Egypt imports LNG from Qatar
An official source from the Ministry of Petroleum has said that Egypt has never directly imported natural gas from Qatar,…
Twitter no longer at ‘death’s door’ as earnings report approaches
July 26, 2017
Twitter no longer at ‘death’s door’ as earnings report approaches
Twitter Inc heads toward its quarterly earnings report on Thursday with a stock that has risen more than 40 percent…
Coca-Cola profit drops 60 percent on refranchising charge
July 26, 2017
Coca-Cola profit drops 60 percent on refranchising charge
Coca-Cola Co (KO.N) reported a 60.2 percent drop in quarterly profit, as the beverage maker incurred a charge of $653…