Business
Telecom Egypt board tentatively agrees to buy 4G license
July 31, 2016
Telecom Egypt board tentatively agrees to buy 4G license
Telecom Egypt, the country's state-owned landline monopoly, said on Sunday its board had given preliminary approval to a plan to…
Taxing times: why Russian pump prices rise as oil prices fall
July 29, 2016
Taxing times: why Russian pump prices rise as oil prices fall
The global economic slowdown has hurt millions of households, but has at least had a silver lining: with oil prices…
Are you among the richest 10% in Egypt?
July 28, 2016
Are you among the richest 10% in Egypt?
If your family's average spending is LE60.7 thousand per annum, slightly more than LE5,000 per month, then you belong to…
Dollar price drops on black market as talks on $12bn IMF loan announced
July 28, 2016
Dollar price drops on black market as talks on $12bn IMF loan announced
The price of the US dollar has fallen against the Egyptian pound on the black market after the official announcement…
EgyptAir achieves ‘positive’ results in Star Alliance inspection
July 27, 2016
EgyptAir achieves ‘positive’ results in Star Alliance inspection
EgyptAir has announced "positive" results in a recent inspection of key sites at Cairo International Airport by the Star Alliance…
Egypt signs exploration deals with US and Cyprus firms
July 27, 2016
Egypt signs exploration deals with US and Cyprus firms
Egypt's minister of petroleum and mineral resources has signed two agreements for oil and gas exploration in upper Egypt with…
27.8 percent of Egyptian population lives below poverty line: CAPMAS
July 27, 2016
27.8 percent of Egyptian population lives below poverty line: CAPMAS
Egypt’s official statistics agency said on Tuesday that the Egyptian poverty line stands at an income of LE5,787.9 annually and…
IMF mission in Cairo next week for talks on US$12bn bailout
July 27, 2016
IMF mission in Cairo next week for talks on US$12bn bailout
The International Monetary Fund confirmed on Tuesday that Egypt has asked it for financial support program and said an IMF…
Egypt’s central bank keeps pound stable at 8.78 per dollar
July 26, 2016
Egypt’s central bank keeps pound stable at 8.78 per dollar
The Central Bank of Egypt (CBE) kept the pound stable at 8.78 per dollar at its weekly foreign currency auction…
Porsche to create more than 1,400 jobs for electric car
July 26, 2016
Porsche to create more than 1,400 jobs for electric car
Porsche (VOWG_p.DE) has raised the number of jobs it will create for the production of its first all-electric sports car…