Business
EgyptAir obtains highest aviation safety rates
March 26, 2017
EgyptAir obtains highest aviation safety rates
The chairman of EgyptAir, Safwat Mesallam, has declared that the fleet of EgyptAir airlines, EgyptAir Express and EgyptAir Cargo reached…
BP makes third gas discovery in Egypt’s North Damietta Concession
March 26, 2017
BP makes third gas discovery in Egypt’s North Damietta Concession
BP has made a gas discovery in the North Damietta Offshore Concession in Egypt's East Nile Delta, its third in…
US shale leaves thousands of wells unfinished
March 24, 2017
US shale leaves thousands of wells unfinished
US shale producers are drilling at the highest rate in 18 months but have left a record number of wells…
Central Bank of Egypt governor denies resignation
March 24, 2017
Central Bank of Egypt governor denies resignation
Tarek Amer, Central Bank of Egypt's governor, said in remarks to Al-Arabiya news website that he did not resign from…
Kuwait loans Egypt 30 mn dinars for mega electricity project
March 23, 2017
Kuwait loans Egypt 30 mn dinars for mega electricity project
The Official Gazette published on Thursday a presidential decree, No 38 for the year 2016, approving a loan from Kuwait…
Libyan oil output rises to 700,000 barrels per day after port fighting ends: NOC
March 23, 2017
Libyan oil output rises to 700,000 barrels per day after port fighting ends: NOC
Libya's oil production has reached 700,000 barrels per day (bpd), the National Oil Corporation (NOC) said on Wednesday, recovering from…
Egypt targeting US$9 billion in foreign financing in FY 2017/18
March 22, 2017
Egypt targeting US$9 billion in foreign financing in FY 2017/18
Egypt is targeting US$9 billion in foreign financing in the 2017/18 fiscal year, Deputy Finance Minister Ahmed Kouchouk told Reuters…
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…