Business
CBE reports net outflow in Egypt’s travel balance
September 21, 2016
CBE reports net outflow in Egypt’s travel balance
Egypt's travel payments rose from US$3.3 billion to $4.1 billion in the fiscal year 2015/2016, creating a net outflow in…
Mobile phone bills to increase between 5% and 7%
September 21, 2016
Mobile phone bills to increase between 5% and 7%
Mobile phone bill rates are set to increase by between 5 and 7 percent due to the application of Value…
Shore up the euro before it’s too late, experts warn
September 20, 2016
Shore up the euro before it’s too late, experts warn
Will the euro survive the next big crisis?A new report inspired by Jacques Delors, one of the architects of the…
Devaluation would boost Egyptian exports by 10 percent: trade minister
September 20, 2016
Devaluation would boost Egyptian exports by 10 percent: trade minister
Egyptian exports would rise by 10 percent if and when authorities devalue the pound, Trade and Industry Minister Tarek Kabil…
Cotton exports declined by 16.5% between March to May: CAPMAS
September 20, 2016
Cotton exports declined by 16.5% between March to May: CAPMAS
The total amount of cotton exported by Egypt fell to 145.6 thousand metric quintals from March 2016 to May 2016,…
Value Added Tax rates agreed for mobile phone recharge cards
September 20, 2016
Value Added Tax rates agreed for mobile phone recharge cards
Egypt's telecoms regulatory authority has agreed on rates Value Added Tax (VAT) on mobile phone charge cards after two days…
Squash champions promote Egyptian tourism over social media
September 19, 2016
Squash champions promote Egyptian tourism over social media
International squash champions participating in the Al-Ahram Squash Open are to promote tourism in Egypt through their social media accounts…
Donkey leather to be exported to China: official
September 19, 2016
Donkey leather to be exported to China: official
Hesham Gazar, head of the Egyptian Leather Export Council, has announced that donkey leather is to be exported to China…
Hurghada hotel abiding by Islamic Sharia closes
September 19, 2016
Hurghada hotel abiding by Islamic Sharia closes
Thirty months after several senior figures in political Islam inaugurated the first hotel abiding by Islamic Sharia in Hurghada, the…
Oil climbs as Venezuela sees output deal, Libya suffers clashes
September 19, 2016
Oil climbs as Venezuela sees output deal, Libya suffers clashes
Oil prices rose almost 2 percent on Monday, after Venezuela said OPEC and non-OPEC producers were close to reaching an…