Business
China and Egypt cooperate to manufacture electricity generators
May 19, 2017
China and Egypt cooperate to manufacture electricity generators
The National Organization for Military Production in Egypt and China’s Dongfang Electric Corporation signed a protocol of cooperation in the…
Egypt says coordinating with World Bank to finance $200 mn program
May 19, 2017
Egypt says coordinating with World Bank to finance $200 mn program
Minister of Trade and Industry Tarek Qabil said that his ministry is currently coordinating with the World Bank to finance…
Saudi Aramco to sign deals with US firms during Trump visit: sources
May 18, 2017
Saudi Aramco to sign deals with US firms during Trump visit: sources
Saudi Aramco [IPO-ARMO.SE] is due to sign deals with 12 US companies on Saturday during US President Donald Trump’s visit…
Japan’s economy posts longest expansion in a decade
May 18, 2017
Japan’s economy posts longest expansion in a decade
Japan’s prospects have been improving on the back of strong exports, with investments linked to the Tokyo 2020 Olympics also…
Russia’s Rosneft eyes joint oil supplies to Egypt with Italy’s Eni
May 18, 2017
Russia’s Rosneft eyes joint oil supplies to Egypt with Italy’s Eni
Russia’s largest oil producer Rosneft and Italian energy company Eni have signed an agreement to broaden cooperation, including in possible…
IMF backs Egypt plan to remove fuel subsidies in three years, ease inflation
May 18, 2017
IMF backs Egypt plan to remove fuel subsidies in three years, ease inflation
The International Monetary Fund is encouraged by Egypt’s efforts to remove fuel subsidies within three years and push inflation down…
Gold prices continue to rise domestically, globally
May 17, 2017
Gold prices continue to rise domestically, globally
Gold prices continued to rise on the domestic market on Wednesday, boosted by a rise in gold prices in the…
Financial crisis over, 2018 to witness boom: CBE governor
May 17, 2017
Financial crisis over, 2018 to witness boom: CBE governor
The financial crisis is over and 2018 will see a boom, said Governor of the Central Bank of Egypt Tarek…
CBE takes measures to protect Egypt’s banks against ransomware
May 17, 2017
CBE takes measures to protect Egypt’s banks against ransomware
The Central Bank of Egypt (CBE) issued instructions to banks operating in the local market to take precautionary measures to…
Foreign exchange rates stable at Egypt banks Tuesday
May 16, 2017
Foreign exchange rates stable at Egypt banks Tuesday
The Governor of the Central Bank of Egypt, Tarek Amer, said that the situation has improved greatly since the flotation…