Business
Russia unveils new passenger plane it says will rival Boeing, Airbus
June 9, 2016
Russia unveils new passenger plane it says will rival Boeing, Airbus
Russia on Wednesday presented a new medium-range passenger plane which state media said was superior to its Western-made counterparts in…
Egypt’s CIB and Beltone drop plans for CI Capital sale
June 9, 2016
Egypt’s CIB and Beltone drop plans for CI Capital sale
Egypt's Commercial International Bank (CIB) has dropped plans to sell its investment bank CI Capital to Beltone Financial after failing…
Egypt’s annual urban consumer price inflation jumps to 12.3 pct in May
June 9, 2016
Egypt’s annual urban consumer price inflation jumps to 12.3 pct in May
Egypt's annual urban consumer price inflation jumped to 12.3 percent in May from 10.3 percent in April, the official statistics…
‘Brump’ or ‘Trexit’? Markets may conflate year’s biggest risks
June 8, 2016
‘Brump’ or ‘Trexit’? Markets may conflate year’s biggest risks
Even though market myopia is often used to explain why investors appear to be ignoring November's US presidential election while…
Moody’s bets on foreign investment in Egypt to ease dollar shortage
June 8, 2016
Moody’s bets on foreign investment in Egypt to ease dollar shortage
Despite warning about the pressures on foreign currency liquidity resulting from the dollar shortage, Moody’s has maintained its stable outlook…
Pharaohs’ shadow an omen in Egypt gold search
June 8, 2016
Pharaohs’ shadow an omen in Egypt gold search
Careering around Egypt's rocky Eastern Desert, Alexander Nubia CEO Mark Campbell peers from his jeep and sees hills so rich…
Increase in drug prices was necessary: syndicate chairman
June 6, 2016
Increase in drug prices was necessary: syndicate chairman
The chairman of the Pharmacists Syndicate, Mohey Ebeid, said on Sunday that the government's policy of increasing the prices of…
National Defense Council approves Interior Ministry budget
June 5, 2016
National Defense Council approves Interior Ministry budget
The Defense and National Security Council approved on Sunday the budget allocated for the Interior Ministry. The council also called…
On southwestern fringe, China’s Silk Road ambitions face obstacles
June 5, 2016
On southwestern fringe, China’s Silk Road ambitions face obstacles
For the southwestern city of Kunming, China's plan to extend a high-speed rail link 3,000 km south to Singapore is…
Egypt’s purchases of local wheat reach 4.711 mln tonnes
June 5, 2016
Egypt’s purchases of local wheat reach 4.711 mln tonnes
Egypt's government has bought 4.711 million tonnes of local wheat since the start of the season on April 15, the…