business
Egypt’s foreign currency reserves up to US$40.0625 billion in December
Business
January 17, 2021
Egypt’s foreign currency reserves up to US$40.0625 billion in December
The Central Bank of Egypt’s (CBE) net international foreign currency reserves bumped up slightly by the end of last December,…
Bank ABC acquires Blom Bank Egypt for $480 million – sources
Business
January 15, 2021
Bank ABC acquires Blom Bank Egypt for $480 million – sources
CAIRO (Reuters) – Bahrain’s Bank ABC completed its purchase of the Egyptian subsidiary of Lebanon’s Blom Bank for $480 million…
China’s Genex Pharmaceutical signs agreement with vaccine giants to produce new coronavirus test in Middle East
Business
January 15, 2021
China’s Genex Pharmaceutical signs agreement with vaccine giants to produce new coronavirus test in Middle East
The Chinese Genex Pharmaceutical company on Thursday inked a cooperation protocol with two of the world’s largest manufacturers of vaccines, serums,…
Delta posts $12 billion loss in 2020, cautious 1Q outlook
World
January 14, 2021
Delta posts $12 billion loss in 2020, cautious 1Q outlook
Delta Air Lines closed the books on a disastrous 2020 with a comparatively small fourth-quarter loss, and executives expect a…
Gold prices decline in Egyptian market by LE3 on Thursday
Egypt
January 14, 2021
Gold prices decline in Egyptian market by LE3 on Thursday
Gold prices declined in Egypt on Thursday, with the price of 21-karat (the market’s highest selling gold) falling by LE3…
Egypt announces first flight to Qatar after 3-year hiatus
Travel
January 13, 2021
Egypt announces first flight to Qatar after 3-year hiatus
Chairman and CEO of EgyptAir Holding Company Roshdy Zakaria announced on Wednesday that the first flight from Cairo to Doha…
Egyptian winner of Spain’s Best Young Entrepreneur Award: “My mother is my role model”
Egypt
January 12, 2021
Egyptian winner of Spain’s Best Young Entrepreneur Award: “My mother is my role model”
Starting in Cairo’s Shubra neighborhood, young engineer Omar Abdel-Gayed left Egypt after graduating from Helwan Engineering Faculty in 2009 to…
Boeing to pay $2.5 billion to settle US criminal probe over 737 MAX crashes
World
January 8, 2021
Boeing to pay $2.5 billion to settle US criminal probe over 737 MAX crashes
Boeing has been ordered to pay $2.5 billion (€2.04 billion) in fines to settle charges that the company defrauded regulators…
Qatari Finance Minister inaugurates the St. Regis Hotel in Cairo
Business
January 6, 2021
Qatari Finance Minister inaugurates the St. Regis Hotel in Cairo
On Tuesday, Qatari Finance Minister Ali Sharif Al-Emadi inaugurated the new St. Regis hotel in Cairo, owned by state-run Qatari…
US hits Iran with fresh sanctions as Trump term nears end
Middle East
January 6, 2021
US hits Iran with fresh sanctions as Trump term nears end
WASHINGTON (Reuters) -The United States on Tuesday blacklisted a Chinese company that makes elements for steel production, 12 Iranian steel…