Business
Imports from Nile Basin countries decline to $31.7 in May: CAPMAS
September 12, 2016
Imports from Nile Basin countries decline to $31.7 in May: CAPMAS
The Central Agency for Public Mobilization and Statistics (CAPMAS) has revealed a decline in the volume of imports from the…
Oil price falls as US drills more
September 12, 2016
Oil price falls as US drills more
Oil fell for a second trading day in a row on Monday, after speculators cut their bullish bets by the…
Wells Fargo will pay $190 million to settle customer fraud case
September 11, 2016
Wells Fargo will pay $190 million to settle customer fraud case
Wells Fargo has long been the envy of the banking industry for its ability to sell multiple products to the…
British businesses ‘lazy and fat’, pro-Brexit trade minister says
September 11, 2016
British businesses ‘lazy and fat’, pro-Brexit trade minister says
Britain as a trading nation has become "too lazy and too fat" and business leaders are more interested in playing…
‘Times are changing, pay your taxes’, euro zone chief tells corporations
September 11, 2016
‘Times are changing, pay your taxes’, euro zone chief tells corporations
Multinational companies should refrain from tax-avoidance practices and pay their fair share, the head of euro zone finance ministers said…
Facebook backs off censoring ‘napalm bombing naked girl’ photo
September 10, 2016
Facebook backs off censoring ‘napalm bombing naked girl’ photo
Facebook backtracked Friday on a decision to censor an iconic Vietnam War photo of a naked girl escaping a napalm…
Turkey resumes flights to Sharm al-Sheikh on Saturday
September 10, 2016
Turkey resumes flights to Sharm al-Sheikh on Saturday
Turkish Airlines will resume flights between Istanbul and the resort city of Sharm al-Sheikh on Saturday after 11 months of…
Egypt receives first tranche of $3 bn World Bank loan
September 9, 2016
Egypt receives first tranche of $3 bn World Bank loan
The World Bank has handed over to Egypt the first tranche of a US$3 billion loan to support the government's…
Sisi ratifies law replacing sales tax with VAT
September 9, 2016
Sisi ratifies law replacing sales tax with VAT
President Abdel Fattah al-Sisi has ratified the new law on Value Added Tax (VAT), according to a report in The…
Egypt’s annual inflation hits 15.5 percent in August
September 8, 2016
Egypt’s annual inflation hits 15.5 percent in August
Egypt's state statistics bureau says the annual inflation rate in urban areas reached 15.5 percent in August, a surge of…