Business

Hotel occupancy rate in Luxor reaches 45%

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

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

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

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

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

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

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

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

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

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…
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