Business
Government resolves bread crisis in governorates
March 9, 2017
Government resolves bread crisis in governorates
The crisis of the 'gold card’, used to get subsidized bread in the governorates, had been solved on Wednesday after…
Annual food inflation rate jumps by 41.7%: CAPMAS
March 9, 2017
Annual food inflation rate jumps by 41.7%: CAPMAS
The annual food and beverage inflation rates jumped by 41.7 percent in February 2017, according to the a report by…
EgyptAir loses LE4 bln due to exchange rate difference: Chairman
March 9, 2017
EgyptAir loses LE4 bln due to exchange rate difference: Chairman
The total losses of EgyptAir Holding Company reached four billion Egyptian pounds during the first half of the current fiscal…
Samsung chief denies all charges as South Korea’s ‘trial of the century’ begins
March 9, 2017
Samsung chief denies all charges as South Korea’s ‘trial of the century’ begins
The head of South Korea's Samsung Group, Jay Y. Lee, denies all charges against him, his lawyer said on Thursday,…
Saudi energy minister says oil market fundamentals improving
March 8, 2017
Saudi energy minister says oil market fundamentals improving
Saudi Energy Minister Khalid al-Falih said on Tuesday that oil market fundamentals were improving after an agreement struck with top…
Imported raw sugar exempt from customs taxes until end of 2017
March 7, 2017
Imported raw sugar exempt from customs taxes until end of 2017
Imported raw sugar is now exempt from customs taxes during the period from January 1 until the end of 2017, according to…
US dollar rises dramatically on Monday and Tuesday
March 7, 2017
US dollar rises dramatically on Monday and Tuesday
The US dollar exchange rate rose dramatically on Monday and Tuesday, surpassing LE17 in banks. The dollar price appreciated by…
US automaker shifts from ‘bigger is better’ to ‘less global, more profitable’
March 6, 2017
US automaker shifts from ‘bigger is better’ to ‘less global, more profitable’
The US automaker General Motors Co’s decision to sell its European operations signals that the company can win by being…
23% increase in remittances from Egyptians expats in January: CBE
March 6, 2017
23% increase in remittances from Egyptians expats in January: CBE
Remittances from Egyptian citizens working abroad rose by 23% in January to US$1.6 billion, compared to US$1.3 billion in January 2016,…
US dollar rises at various banks Monday
March 6, 2017
US dollar rises at various banks Monday
US dollar exchange rate has seen a new increase on Monday, after fluctuating against the Egyptian pound over the past…