Business
Cabinet gives initial approval to proposal to double Metro ticket price
March 22, 2017
Cabinet gives initial approval to proposal to double Metro ticket price
Minister of Transport Hisham Arafat presented a proposal to the Cabinet on Tuesday to double the value of the Cairo…
US dollar at LE18.10 in Egypt banks
March 22, 2017
US dollar at LE18.10 in Egypt banks
The US dollar exchange rate remained stable in banks on Wednesday, but still above LE18.The website of the National Bank…
Egypt negotiates third tranche of World Bank loan
March 22, 2017
Egypt negotiates third tranche of World Bank loan
The government began intensive negotiations with the World Bank mission, which is currently in Cairo, on the third tranche of…
Luxury goods group Hermes delivers record 2016 profit margin
March 22, 2017
Luxury goods group Hermes delivers record 2016 profit margin
French luxury goods group Hermes said on Wednesday it was starting 2017 on a solid footing after delivering record 2016 profits,…
Uber vows to change direction, become more humane company
March 22, 2017
Uber vows to change direction, become more humane company
Uber is vowing to head down a new road and become a more humane company following a wave of ugly…
Fancy buses alternative to public transport to hit Cairo roads next week
March 21, 2017
Fancy buses alternative to public transport to hit Cairo roads next week
Cairo commuters have cause to celebrate as the brand-new mobile app 'SWVL' will launch next week, providing convenient, affordable vans and…
Bill Gates again world’s richest man; Trump slips to 544th
March 21, 2017
Bill Gates again world’s richest man; Trump slips to 544th
Microsoft co-founder Bill Gates once again topped the Forbes magazine list of the world's more than 2,000 billionaires, while US…
China to contribute US$64 million to ‘Egypt Sat 2’ project
March 21, 2017
China to contribute US$64 million to ‘Egypt Sat 2’ project
Egypt and China signed on Monday letters of cooperation on Egypt's satellite project "Egypt Sat 2" which the Chinese government is…
Dollar slips on doubts Fed will speed rate hikes, euro edges up
March 21, 2017
Dollar slips on doubts Fed will speed rate hikes, euro edges up
The dollar was on the defensive in Asian trading on Tuesday, after Chicago Federal Reserve President Charles Evans reinforced the…
Wall Street lower as oil falls, investors assess G20 shift
March 20, 2017
Wall Street lower as oil falls, investors assess G20 shift
US stocks were lower on Monday as investors assessed the G20's decision to drop a pledge to keep global trade…