Business

Egypt’s central bank sells US$118.7 million at Tuesday auction

Egypt’s central bank sells US$118.7 million at Tuesday auction

Egypt's central bank sold US$118.7 million at its regular rate of 8.78 to the dollar at Tuesday's sale.Egypt's pound strengthened…
New website makes for easy trip bookings to Egypt: Tourism Minister

New website makes for easy trip bookings to Egypt: Tourism Minister

Tourism Minister Mohamed Yehia Rashed has said that his ministry is overhauling the operations of its various wings through new…
Exclusive: SWIFT warns customers of multiple cyber fraud cases

Exclusive: SWIFT warns customers of multiple cyber fraud cases

SWIFT, the global financial network that banks use to transfer billions of dollars every day, warned its customers on Monday…
German tour operator suspends flights to Egypt upon disputes with minister

German tour operator suspends flights to Egypt upon disputes with minister

Germany’s fourth-biggest tour operator, FTI, has suspended its trips to Egypt upon a disagreement between its officials and Egyptian Tourism…
Taking on Tesla: China’s Jia Yueting aims to outmuscle Musk

Taking on Tesla: China’s Jia Yueting aims to outmuscle Musk

Tomorrow's cars will be all-electric, self-driving, connected to high-speed communications networks ... and free.And probably Chinese.That, at least, is the…
Obama, Merkel push for TTIP trade deal as foreign crises weigh

Obama, Merkel push for TTIP trade deal as foreign crises weigh

U.S. President Barack Obama said on Sunday he would do whatever he could to advance a controversial trade deal with…
IMF says it’s encouraged by Gulf’s economic reform plans

IMF says it’s encouraged by Gulf’s economic reform plans

The International Monetary Fund said it was encouraged by the efforts of Saudi Arabia and other Gulf Arab oil exporters…
China ban on Apple services is a challenge for key growth area

China ban on Apple services is a challenge for key growth area

The blocking of Apple mobile entertainment services in China poses fresh challenges for the tech company as it prepares to…
Panama raids Mossack Fonseca property, seizes shredded papers

Panama raids Mossack Fonseca property, seizes shredded papers

Panamanian investigators on Friday raided a property used by Mossack Fonseca, the law firm at the center of a massive…
Toyota to launch plug-in, hybrid cars in China in 2018

Toyota to launch plug-in, hybrid cars in China in 2018

Toyota Motor Corp plans to sell heavily electrified, so-called plug-in hybrid cars in China starting in 2018, its head of…
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