Business
New oil excavations in Suez Gulf
November 26, 2016
New oil excavations in Suez Gulf
The Egyptian Petroleum Ministry has declared new oil excavations east of Gabal al-Zeit, in the Gulf of Suez.Its production will…
Lufthansa pilots’ union rejects latest offer, suspends strikes
November 25, 2016
Lufthansa pilots’ union rejects latest offer, suspends strikes
Lufthansa's (LHAG.DE) pilots' union rejected the German airline's latest pay offer on Friday, but lifted the immediate threat of extending…
Currency drop hits Egypt’s medicine supplies, angering public
November 25, 2016
Currency drop hits Egypt’s medicine supplies, angering public
Pharmacies across Egypt are running short of medicines, some of them life-savers, as a plunge in the value of the…
Ahmad Touni newly designated Smart Villages Company CEO
November 24, 2016
Ahmad Touni newly designated Smart Villages Company CEO
Building on a rich career timeline, the newly-appointed Smart Villages Co CEO Engineer Ahmad Touni invests over 35 years of…
Egypt-Ukraine Council considering local currency barter
November 23, 2016
Egypt-Ukraine Council considering local currency barter
The Egypt-Ukraine Business Council (the Egyptian side) is exploring reciprocal trade prospects and means of increasing exports to Ukraine in…
US grants second Airbus license to sell planes to Iran
November 23, 2016
US grants second Airbus license to sell planes to Iran
The United States said on Tuesday it had issued a second license to France's Airbus to sell commercial planes to…
Govt to review tenders concluded prior to pound flotation
November 22, 2016
Govt to review tenders concluded prior to pound flotation
The chairman of the Federation of Industries, Mohamed Al-Sweidy, announced the approval of the Cabinet on the formation of a…
Why is US dollar rising again?
November 21, 2016
Why is US dollar rising again?
Optimism waves receded among economists on Monday, after the US dollar exchange rates rose against the Egyptian pound in banks,…
US dollar hits LE18 again
November 21, 2016
US dollar hits LE18 again
The US dollar continued its rise against the Egyptian pound in the banks for the second consecutive day on Monday,…
Egyptian banks have attracted US$3 bln since currency float – CBE official
November 21, 2016
Egyptian banks have attracted US$3 bln since currency float – CBE official
Egyptian banks have attracted some US$3 billion since Egypt took the dramatic step of floating its pound earlier this month,…