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Analysts expect dollar to reach 8 pounds

Analysts expect dollar to reach 8 pounds

Egyptian financial analysts expected the dollar to continue rising against the Egyptian pound on the official and black markets to…
ADB: Credit rating of Egypt and Tunisia limits their borrowing

ADB: Credit rating of Egypt and Tunisia limits their borrowing

Donald Kaberuka, head of the African Development Bank (ADB), said on Thursday that the low credit rating of Egypt and…
European bank loans Egypt 126 million euros to boost railway system

European bank loans Egypt 126 million euros to boost railway system

The London-based European Bank for Reconstruction and Development is investing in modernizing Egypt's railway system through a 126 million euro…
Officials: Goverment to resume talks with IMF

Officials: Goverment to resume talks with IMF

Informed governmental sources disclosed intentions to resume suspended talks with the International Monetary Fund (IMF) without giving details over date…
Mehleb witnesses signing of two petrol, natural gas excavation agreements

Mehleb witnesses signing of two petrol, natural gas excavation agreements

Prime Minister witnessed on Monday protocols of signing two new agreements in field of excavating petrol and natural gas in…
Trade Ministry: New subsidy program will increase exports

Trade Ministry: New subsidy program will increase exports

Trade Minister Adviser Abla Abdel Lateef has said that the new program subsidizing exports will double the current rates of…
Egyptian economic delegation heads to England to promote for investment

Egyptian economic delegation heads to England to promote for investment

A high-level Egyptian economic delegation has begun its visit to England to promote investment in Egypt as well as chances…
Apple, Google settle smartphone patent litigation

Apple, Google settle smartphone patent litigation

Apple Inc and Google Inc's Motorola Mobility unit have agreed to settle all patent litigation between them over smartphones, ending…
The Egyptian pound records biggest drop against the dollar in 16 months

The Egyptian pound records biggest drop against the dollar in 16 months

The Egyptian pound recorded the biggest drop in the exchange rate against the dollar in 16 months after an exceptional…
Official: Egypt to cut energy subsidies to spur growth

Official: Egypt to cut energy subsidies to spur growth

Egypt will speed up structural economic reforms this year, led by cuts in energy subsidies, regardless of whether it strikes…
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