Business
Oil up on falling US inventories, Saudi cuts to Asia
May 11, 2017
Oil up on falling US inventories, Saudi cuts to Asia
Oil prices rose on Thursday, with global benchmark Brent crude trading comfortably above $50 a barrel after a fall in…
Suez Canal revenues record $853.7 mn in March, April
May 10, 2017
Suez Canal revenues record $853.7 mn in March, April
Suez Canal revenues over the past two months have reached $853.7 million, compared to $820.4 million for the same period…
US dollar bond yields jump in Egypt: Bloomberg
May 8, 2017
US dollar bond yields jump in Egypt: Bloomberg
The US dollar bond yields in Egypt have jumped this year, causing the cost of borrowing to reach its lowest…
Egypt plans new Eurobond issue end May or early June: Finance minister
May 8, 2017
Egypt plans new Eurobond issue end May or early June: Finance minister
Egypt plans to issue a new Eurobond at the end of May or start of June, Finance Minister Amr El…
Lufthansa increases Egypt flights to 33 a week, up from 29: country manager
May 8, 2017
Lufthansa increases Egypt flights to 33 a week, up from 29: country manager
Lufthansa has decided to increase the number of flights from Egypt to German cities to 33 flights a week, up…
Euro hits 6-month high, Asia shares firm after French vote relief
May 8, 2017
Euro hits 6-month high, Asia shares firm after French vote relief
The euro hit a six-month high against the dollar on Monday while Asian shares gained and U.S. stock futures briefly…
Spain probes ex-HSBC executives over money laundering
May 5, 2017
Spain probes ex-HSBC executives over money laundering
A Spanish court is probing seven former executives of HSBC's private Swiss bank on suspicion of money laundering following an…
Egypt to receive World Bank loan third tranche in December: official
May 4, 2017
Egypt to receive World Bank loan third tranche in December: official
Hafez Ghanem, World Bank Vice President for Middle East and North Africa, said that the third tranche of the World…
Campaign to attract 1 million Chinese tourists to Egypt to launch May 20
May 3, 2017
Campaign to attract 1 million Chinese tourists to Egypt to launch May 20
An international conference to promote Egypt's tourism industry to the Chinese market will be held on Saturday, May 20 under…
Cabinet allocates LE1.72 billion to renovate Pyramids area, ancient palaces, museums
May 2, 2017
Cabinet allocates LE1.72 billion to renovate Pyramids area, ancient palaces, museums
Cabinet has approved the allocation of LE1.72 billion in funding to the Antiquities Ministry in order to conclude development of ongoing projects…