Business
Nasr discusses education, transportation and sanitation support with WB officials
October 15, 2017
Nasr discusses education, transportation and sanitation support with WB officials
On Saturday Minister of Investment and International Cooperation, Sahar Nasr, met with the World Bank Vice-President for the Middle East, Hafez…
Finance Minister: Egypt more stable, foreign currency crisis over
October 15, 2017
Finance Minister: Egypt more stable, foreign currency crisis over
Finance Minister Amr al-Garhy said that the preliminary results of the economic reform program implementation in Egypt are very promising,…
Improving world economy still needs help from low rates
October 15, 2017
Improving world economy still needs help from low rates
The world economy is the healthiest it’s been in years but could still use a little help from low-interest rates…
Egypt expects $2 bn IMF loan installment by next month
October 14, 2017
Egypt expects $2 bn IMF loan installment by next month
Egypt’s Finance Minister, Amr al-Garhy, anticipates the country will receive another installment of the International Monetary Fund (IMF) loan worth $2 billion,…
Tesla fired hundreds of employees in past week
October 14, 2017
Tesla fired hundreds of employees in past week
Luxury electric vehicle maker Tesla Inc (TSLA.O) fired about 400 employees this week, including associates, team leaders and supervisors, a…
Food producers can face jail for violating decree to print clear price tags
October 12, 2017
Food producers can face jail for violating decree to print clear price tags
Egypt’s Minister of Supply and Internal Trade Ali Moselhi issued a decree this week obliging all food producers to print…
IMF expects Egypt’s growth to reach 5.3% in 2019
October 12, 2017
IMF expects Egypt’s growth to reach 5.3% in 2019
The International Monetary Fund (IMF) expects Egypt’s growth rate to reach 5.3 percent with inflation falling to 13.5 percent by…
Bitcoin trades above $5,000 for first time ever
October 12, 2017
Bitcoin trades above $5,000 for first time ever
Bitcoin smashed through the $5,000 barrier for the first time ever on Thursday, jumping as much as 7 percent to…
Exclusive: Saudi preparing tougher rules for insurers – sources
October 11, 2017
Exclusive: Saudi preparing tougher rules for insurers – sources
Saudi Arabia’s central bank is preparing tougher rules for insurance companies as part of a drive to create a smaller…
Emirates says open to cooperation with rival UAE airline Etihad
October 11, 2017
Emirates says open to cooperation with rival UAE airline Etihad
Dubai-based airline Emirates is open to cooperation with rival Etihad Airways on areas including procurement, its president Tim Clark said,…