Business
Egypt to finish re-count of local wheat in private silos in a month
July 3, 2016
Egypt to finish re-count of local wheat in private silos in a month
Egypt's Supply Minister said on Sunday a re-count of wheat in privately held silos would be finished in less than…
Egypt’s current account deficit at US$14 bln in first nine months of 2015/16
July 3, 2016
Egypt’s current account deficit at US$14 bln in first nine months of 2015/16
Egypt's current account deficit almost doubled in the first nine months of 2015/16 to US$14 billion from $8 billion in…
Egypt in talks with UAE over US$500 mln grant
July 3, 2016
Egypt in talks with UAE over US$500 mln grant
The government is negotiating with the United Arab Emirates a US$500 million non-refundable grant to finance several developmental projects, including…
CBE pays back US$1 billion debt owed to Qatar
July 2, 2016
CBE pays back US$1 billion debt owed to Qatar
Egypt has returned to Qatar US$1 billion deposited by the Gulf state to help prop up the Egyptian central bank's…
British offshore wind projects at risk after Brexit vote
July 1, 2016
British offshore wind projects at risk after Brexit vote
The British offshore wind industry, already bruised by subsidy changes, faces uncertainty after Britain voted to leave the European Union,…
Nigeria signs $80 bln of oil, gas infrastructure deals with China
July 1, 2016
Nigeria signs $80 bln of oil, gas infrastructure deals with China
Nigeria has signed oil and gas infrastructure agreements worth $80 billion with Chinese companies, the West African country's state oil…
No change to debit card usage rules abroad: CBE governor
June 30, 2016
No change to debit card usage rules abroad: CBE governor
Tarek Amer, governor of the Central Bank of Egypt (CBE), said on Thursday that there was no change to the…
Egypt bans use of debit cards abroad amid hard-currency shortage
June 30, 2016
Egypt bans use of debit cards abroad amid hard-currency shortage
Egypt has ordered banks to prevent customers from using debit cards based on their Egyptian pound accounts when they go…
Under Armour leads Olympic marketing shake-up after ‘rule 40’ changes
June 29, 2016
Under Armour leads Olympic marketing shake-up after ‘rule 40’ changes
Against a backdrop of the iconic five rings, legendary swimmer Michael Phelps sat on a United States Olympic Committee stage…
Telecom Egypt to receive second tranche of withheld dividends from Vodafone
June 27, 2016
Telecom Egypt to receive second tranche of withheld dividends from Vodafone
Telecom Egypt will receive a second tranche of withheld dividends from Vodafone Egypt amounting to 750 million Egyptian pounds ($84.46…