Business
What will Egypt’s flexible exchange rate look like?
March 18, 2016
What will Egypt’s flexible exchange rate look like?
Egypt's decision to make the exchange rate more flexible will return the central bank to the managed float in use…
French wheat exporters to lose out even as Egypt tries to settle fungus dispute
March 18, 2016
French wheat exporters to lose out even as Egypt tries to settle fungus dispute
Even if Egypt can end a policy dispute over wheat imports soon, it will be too little, too late for…
Dollar crisis hits pharma industry, causing shortages, possible production halt
March 17, 2016
Dollar crisis hits pharma industry, causing shortages, possible production halt
Egypt's pharmaceuticals industry is facing a serious shortage of raw materials, as well as serious financial difficulties, as a result…
Dollar swoons as Fed scales down rate hike forecasts
March 17, 2016
Dollar swoons as Fed scales down rate hike forecasts
The dollar tumbled on Thursday, lifting world shares to their highest level of the year, after the US Federal Reserve…
Proton plans new production line in Egypt: ambassador
March 17, 2016
Proton plans new production line in Egypt: ambassador
Proton Holdings Berhad, a giant Malaysian automobile manufacturer, will dispatch a team of specialists to Cairo in early April to…
Egypt central bank keeps pound stable at LE8.78 per dollar on Thursday
March 17, 2016
Egypt central bank keeps pound stable at LE8.78 per dollar on Thursday
The Central Bank of Egypt (CBE) will keep the pound stable at a regular foreign currency auction on Thursday, four…
A year after the 2015 economic summit, what has been achieved?
March 16, 2016
A year after the 2015 economic summit, what has been achieved?
Tuesday marked one year since Egypt concluded a massive economic conference in the resort city of Sharm el-Sheikh, a major…
EgyptAir reconsiders ticket prices following dollar hike
March 16, 2016
EgyptAir reconsiders ticket prices following dollar hike
EgyptAir is considering increasing prices of plane tickets following a recent 14 percent surge in the US dollar price against…
Egypt c.bank to hold pound steady at 8.85 per dollar at exceptional FX auction
March 15, 2016
Egypt c.bank to hold pound steady at 8.85 per dollar at exceptional FX auction
Egypt's central bank will hold the pound steady at 8.85 pounds per dollar at an exceptional foreign currency auction on…
VW institutional investors file US$3.61 billion suit in Germany
March 15, 2016
VW institutional investors file US$3.61 billion suit in Germany
Almost 300 institutional investors in Volkswagen have filed a multi-billion euro suit against the carmaker for what they see as…