Business
Egypt tourism revenue bounces back after crippling dollar shortage: Bloomberg
August 16, 2017
Egypt tourism revenue bounces back after crippling dollar shortage: Bloomberg
Egypt’s tourism revenues rose to $1.5 billion in the fourth quarter of 2017, up from $510 million in the same…
US dollar exchange rate declines Tuesday
August 15, 2017
US dollar exchange rate declines Tuesday
The exchange rate between the US dollar and the Egyptian pound declined slightly during the banking trade on Tuesday. Banking…
Global stocks rise after diplomatic overtures by Koreas, US
August 15, 2017
Global stocks rise after diplomatic overtures by Koreas, US
Global shares rose Tuesday as both Koreas and the US signaled a willingness to defuse the crisis over North Korea’s…
UK says it may seek ‘temporary’ customs union with EU
August 15, 2017
UK says it may seek ‘temporary’ customs union with EU
Britain says it might seek to remain in a customs union with the European Union for a time to avoid…
Alwaleed bin Talal to invest in the $50 million ‘Egypt Ventures’ fund
August 14, 2017
Alwaleed bin Talal to invest in the $50 million ‘Egypt Ventures’ fund
Global Saudi investor and businessman Al Waleed bin Talal plans to invest in the Investment Ministry’s $50 million development fund,…
Special Report: Vladimir’s Venezuela, Leveraging loans to Caracas, Moscow snaps up oil assets
August 14, 2017
Special Report: Vladimir’s Venezuela, Leveraging loans to Caracas, Moscow snaps up oil assets
Venezuela’s unraveling socialist government is increasingly turning to ally Russia for the cash and credit it needs to survive, and…
US dollar maintains price in Egyptian banks
August 13, 2017
US dollar maintains price in Egyptian banks
The US exchange rate against the Egyptian pound maintained its rates within bank dealings on Sunday. According to the most…
Snap stock hits lowest level since IPO after paltry earnings
August 12, 2017
Snap stock hits lowest level since IPO after paltry earnings
Shares of Snap Inc. have fallen 14 percent after the parent company of Snapchat reported paltry earnings . The stock hit its…
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…