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CBE cancels restrictions on foreign exchange transfers

CBE cancels restrictions on foreign exchange transfers

The Central Bank of Egypt (CBE) canceled on Wednesday restrictions on foreign exchange transfers, which it had imposed on February…
Oil prices struggle on doubts OPEC can rein in oversupply

Oil prices struggle on doubts OPEC can rein in oversupply

Oil prices hovered near their lowest levels in seven months early on Thursday, hurt by high global inventories and doubts…
No alternative to increasing fuel prices

No alternative to increasing fuel prices

An official source from the Ministry of Petroleum confirmed that there is no alternative to increasing fuel prices, especially since the…
Minister of Investment and International Cooperation signs agreements worth €203.5 million with Germany

Minister of Investment and International Cooperation signs agreements worth €203.5 million with Germany

On the sidelines of the visit of President Abdel Fattah al-Sisi to Germany on Monday, Egypt’s Minister of Investment and…
Uber’s CEO is under fire over rape allegations

Uber’s CEO is under fire over rape allegations

Uber CEO Travis Kalanick built up the company into a household name valued at $68 billion. Now he may be…
Egypt allegedly asks Uber, Careem to divulge riders data: New York Times

Egypt allegedly asks Uber, Careem to divulge riders data: New York Times

Car booking apps Uber and Careem were allegedly requested by the Egyptian government to disclose real-time user and driver data, the…
Liquidity of Qatari banks is likely affected by UAE, Arab nations’ blacklist

Liquidity of Qatari banks is likely affected by UAE, Arab nations’ blacklist

A move by four Arab states to blacklist dozens of figures with alleged links to Qatar could squeeze liquidity at…
Technology stocks tumble, taking down Nasdaq as big names sink

Technology stocks tumble, taking down Nasdaq as big names sink

Technology stocks sold off sharply on Friday, taking a toll on the Nasdaq and dragging on other major Wall Street…
Govt attracts $6.8 bn in foreign investment

Govt attracts $6.8 bn in foreign investment

During the period from January to April, the government managed to attract $6.8 billion in foreign investments, Sahar Nasr, Minister…
Domestic public debt rises to LE3 trillion: CBE

Domestic public debt rises to LE3 trillion: CBE

The total domestic public debt has risen to LE3.079 trillion in the period from July to March of the fiscal year…
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