Business
Egyptian economy to rank 15th around the world by 2050: international report
August 9, 2017
Egyptian economy to rank 15th around the world by 2050: international report
The Egyptian economy is expected to rank 15th worldwide by 2050, out of a list of 32 countries, according to the gross…
Tesla seeks to raise $1.5 bn to fund Model 3 production
August 7, 2017
Tesla seeks to raise $1.5 bn to fund Model 3 production
Tesla Inc (TSLA.O) said on Monday it intends to raise about $1.5 billion in a bond offering as the US…
Prosecutors ask court to imprison Samsung heir for 12 years
August 7, 2017
Prosecutors ask court to imprison Samsung heir for 12 years
South Korean prosecutors have recommended a 12-year jail term for Lee Jae-yong, 49-year-old billionaire heir of the Samsung business empire,…
Egypt’s Suez Canal revenues jump to $446.3 million in July: Reuters calculations
August 6, 2017
Egypt’s Suez Canal revenues jump to $446.3 million in July: Reuters calculations
Egypt’s Suez Canal revenues jumped to $446.3 million in July from $427.2 million in June, according to Reuters’ calculations. A…
US dollar prices fall below LE 17.90 Sunday
August 6, 2017
US dollar prices fall below LE 17.90 Sunday
The US dollar exchange rate against Egyptian pound declined slightly within bank dealings Sunday in Egypt. “The trade movement of…
Egypt’s foreign direct investment rises to about $8.7 bln in FY 2016-17 -Investment Minister
August 6, 2017
Egypt’s foreign direct investment rises to about $8.7 bln in FY 2016-17 -Investment Minister
Foreign direct investment in Egypt is expected to have risen to about $8.7 billion in the 2016-17 fiscal year that…
Heads of state, business leaders to meet in Sharm El-Sheikh for Africa 2017 forum
August 3, 2017
Heads of state, business leaders to meet in Sharm El-Sheikh for Africa 2017 forum
Egypt will host a high-level forum promoting trade and investment in Africa this December, the country’s investment and international cooperation…
USD bank exchange rate below LE18, stable
August 3, 2017
USD bank exchange rate below LE18, stable
The USD exchange rate on Thursday is stable in Egyptian banks, according to local bankers. The US dollar is being…
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…