Business
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…
Remittances from Egyptians abroad rise by 13.8 pct since November
May 2, 2017
Remittances from Egyptians abroad rise by 13.8 pct since November
Remittances from expatriate Egyptians have risen 13.8 percent since the central bank floated the pound in November, the central bank…
Saudis take 100% control of America’s largest oil refinery
May 2, 2017
Saudis take 100% control of America’s largest oil refinery
Saudi Aramco, the kingdom's state-owned oil behemoth, took 100% control of the sprawling Port Arthur refinery in Texas on Monday,…
Egypt seeks negotiations over compensation to Israel in gas row
May 2, 2017
Egypt seeks negotiations over compensation to Israel in gas row
Egypt's government is considering offers to open negotiations with Israel again in an attempt to drop the international arbitration fine…
Manufacturers in Egypt turn to local sourcing as prices soar
April 29, 2017
Manufacturers in Egypt turn to local sourcing as prices soar
In green fields near Egypt's Mediterranean coast, one multinational company is harvesting its first crop of potatoes produced from local…