Business
Hotel occupancy rate in Luxor reaches 45%
January 26, 2017
Hotel occupancy rate in Luxor reaches 45%
Hotel occupancy rate in Luxor reached 45 percentage with 10,000 visitors headed to archaeological sites in Luxor over the past…
US dollar exchange rate sees slight increase at banks
January 26, 2017
US dollar exchange rate sees slight increase at banks
The US dollar exchange rate appreciated gradually during transactions on Thursday at five banks: the National Bank of Egypt (NBE), Banque…
American Airlines introduces Basic Economy fare
January 26, 2017
American Airlines introduces Basic Economy fare
American Airlines is the latest airline to offer stripped-down airfares for a lower price. Passengers will soon be able to…
Low-cost flights on the horizon
January 25, 2017
Low-cost flights on the horizon
Get ready to squeeze on board for low-cost flights between the US and Asia.
Egypt asks for US$400 million loan from World Bank
January 25, 2017
Egypt asks for US$400 million loan from World Bank
The Egyptian government asked for US$400 million loan from the World Bank to finance labor-intensive projects with 50 percent of…
Dollar steadies after stumble, Brexit ruling saps sterling
January 24, 2017
Dollar steadies after stumble, Brexit ruling saps sterling
The US dollar and world stocks tip-toed higher on Tuesday, as signs of a revival of worldwide economic activity helped…
Egypt plans currency swap with Russia
January 24, 2017
Egypt plans currency swap with Russia
The Egyptian government is considering signing a currency swap agreement with Russia, following in the footsteps of its agreement with…
Hermes projects US dollar at LE15 by the end of 2017
January 24, 2017
Hermes projects US dollar at LE15 by the end of 2017
EFG Hermes investment bank is expecting improvement in the Egyptian pound exchange rate by the end of the current year…
Growth rate of Egypt’s exports reaches 7.4% in 2016
January 24, 2017
Growth rate of Egypt’s exports reaches 7.4% in 2016
Egypt’s non-petroleum exports increased by 7.41 percent in 2016, compared to the rate of exports achieved in 2015, reaching US$19.118…
Etihad Airways parent company says its CEO is leaving
January 24, 2017
Etihad Airways parent company says its CEO is leaving
Etihad Airways said on Tuesday that the CEO of its parent company, who led an aggressive multi-year buying spree that…