Business
As pound strengthens, Egypt adjusts customs exchange rate to 16 per dollar
February 17, 2017
As pound strengthens, Egypt adjusts customs exchange rate to 16 per dollar
Egypt will change its dollar exchange rate for customs to 16 pounds from 18.5 pounds on Thursday, after the Egyptian…
Eni, BP plan more investments in Egypt than any other country
February 16, 2017
Eni, BP plan more investments in Egypt than any other country
Eni and BP, Italian and British companies operating in the oil and natural gas excavation field, plan to invest more…
US dollar hits lowest against Egyptian pound in almost a month
February 16, 2017
US dollar hits lowest against Egyptian pound in almost a month
The US dollar exchange rate continued to decline on Thursday to stand at LE16.45 for purchasing and LE16.5 for selling…
Some Egypt airport security details remain problematic: Russian official
February 16, 2017
Some Egypt airport security details remain problematic: Russian official
Russia's upper house of parliament speaker said Wednesday that Cairo had enhanced most security issues to allow for safe Egypt-Russia…
Oil companies optimistic about Egypt, eyeing more investment, discoveries
February 15, 2017
Oil companies optimistic about Egypt, eyeing more investment, discoveries
Major international oil companies say they plan to step up their investments in Egypt, expecting to find more oil and gas now…
Sisi welcomes transforming Egypt into regional center for gas, oil commerce
February 14, 2017
Sisi welcomes transforming Egypt into regional center for gas, oil commerce
President Abdel Fattah al-Sisi inaugurated, Tuesday, the Oil and Gas International Conference and Exhibition in Egypt (EGYPS 2017) which is being held in Cairo from February…
Egypt’s economic transition could be ‘coming to a close’: IMF’S Lagarde
February 14, 2017
Egypt’s economic transition could be ‘coming to a close’: IMF’S Lagarde
Egypt is making good progress in its economic reform program and the recent developments might be an indicator that the…
China new bank loans surge in January to $300 bn
February 14, 2017
China new bank loans surge in January to $300 bn
Chinese bank lending surged in January, the central bank said Tuesday, as concerns grow that a flood of credit is…
US dollar continues decline at NBE
February 14, 2017
US dollar continues decline at NBE
The US dollar exchange rate continued its decline at the National Bank of Egypt by 53 piasters on Monday. It…
Love hurts: Valentine’s day spending increases by 49%, including Egypt
February 14, 2017
Love hurts: Valentine’s day spending increases by 49%, including Egypt
They say love is blind, and this is crystal clear as shoppers' spending sky-rocketed on the most romantic day of…