Business
LE572 million allocated to improve water quality, drainage: Planning Ministry
May 30, 2017
LE572 million allocated to improve water quality, drainage: Planning Ministry
The Ministry of Planning, Follow-up and Administrative Reform approved additional allocations of LE572.5 million to improve the quality of drinking…
Banking system received $1 bln in 2 days, after central bank raised key interest rates
May 29, 2017
Banking system received $1 bln in 2 days, after central bank raised key interest rates
Governor of the Central Bank of Egypt Tarek Amer said Monday that the banking system received around $1 billion since…
US dollar exchange rate stable during Sunday trading
May 28, 2017
US dollar exchange rate stable during Sunday trading
The US dollar exchange rate has been stable during Sunday tradings. The purchasing rate at the National Bank of Egypt,…
201 projects worth LE2.3 billion approved in April: Industry Minister
May 28, 2017
201 projects worth LE2.3 billion approved in April: Industry Minister
Trade and Industry Minister Tareq Qabil said that 201 industrial projects, with total costs of LE2.3 billion, received final approvals…
U.S. economy slowed less than expected in first quarter; outlook cloudier
May 26, 2017
U.S. economy slowed less than expected in first quarter; outlook cloudier
The U.S. economy slowed less than initially thought in the first quarter, but softening business investment and moderate consumer spending…
U.S. lawmakers want to ban American tourists from North Korea
May 26, 2017
U.S. lawmakers want to ban American tourists from North Korea
U.S. lawmakers are pushing for a ban on American tourists visiting North Korea. Two congressmen introduced a bill on Thursday…
Egypt negotiates 3rd tranche of World Bank loan
May 25, 2017
Egypt negotiates 3rd tranche of World Bank loan
Minister of Investment and International Cooperation Sahar Nasr met with Asaad Alem, the World Bank’s Regional Director in Cairo, on Wednesday…
OPEC likely to extend production cuts into next year
May 25, 2017
OPEC likely to extend production cuts into next year
OPEC countries and other producers including oil giant Russia are backing prolonging last year’s production cut to shore up crude…
Dollar holds above 6.5-month low, as Moody’s downgrades China
May 24, 2017
Dollar holds above 6.5-month low, as Moody’s downgrades China
The dollar on Wednesday held above 6.5-month lows hit in previous days, as comments from a senior Federal Reserve official…
OPEC likely to extend output cuts, but price relief elusive
May 24, 2017
OPEC likely to extend output cuts, but price relief elusive
OPEC oil ministers meeting this week appear damned if they don’t extend production cuts — and only slightly less damned…