Business
Presidential instructions order establishing new seaport in Alexandria, expanding old one
June 27, 2017
Presidential instructions order establishing new seaport in Alexandria, expanding old one
Transportation Ministry has started conducting studies as well as the public scheme of the new Alexandria seaport to expand its…
New investments worth $233 mn in petrochemicals sector: Ministry
June 26, 2017
New investments worth $233 mn in petrochemicals sector: Ministry
Petroleum Minister Tareq al-Mulla received a report on work progress of the Nafthas petroleum refining project to produce high-octane gasoline…
Egypt officially joins Trade Facilitation Agreement
June 25, 2017
Egypt officially joins Trade Facilitation Agreement
Minister of Trade and Industry Tarek Qabil announced that President Abdel Fattah al-Sisi issued Presidential Decree No. 119 of 2017…
Full occupancy rates in Red Sea cities, up to 90% in Alexandria on Eid holiday
June 24, 2017
Full occupancy rates in Red Sea cities, up to 90% in Alexandria on Eid holiday
Bookings at hotels and resorts in Hurghada, Gouna and Sahl Hasheesh have been declared full, just a few hours before…
Biggest U.S. banks clear first hurdle in Fed’s annual stress tests
June 23, 2017
Biggest U.S. banks clear first hurdle in Fed’s annual stress tests
The 34 largest U.S. banks have all cleared the first stage of an annual stress test, showing they would be…
Airbus concedes defeat to Boeing in Paris plane-ordering race
June 22, 2017
Airbus concedes defeat to Boeing in Paris plane-ordering race
Airbus conceded defeat to rival Boeing in the race for new business at the Paris Airshow on Thursday, as a…
Minister signs agreement establishing first Development Investment Support Fund
June 21, 2017
Minister signs agreement establishing first Development Investment Support Fund
International Cooperation Minister Sahar Nasr signed on Wednesday an agreement with Randa abul Hassan, country director of the United Nations…
Britain to inject $400 million in Suez Canal new power station: Minister
June 21, 2017
Britain to inject $400 million in Suez Canal new power station: Minister
The British International Investment Funds Association said it would inject US $400 million in direct investment to finance a new…
US dollar hits highest rate in 3 weeks
June 20, 2017
US dollar hits highest rate in 3 weeks
The US dollar hit its highest rate in 3 weeks on Tuesday, compared to other foreign currencies. A senior official…
Dollar hits three-week high on Fed rate hike bets
June 20, 2017
Dollar hits three-week high on Fed rate hike bets
The dollar hit a three-week high against a basket of currencies on Tuesday, after an influential Federal Reserve official said…