economy
Egypt, Saudi Arabia sign LE 250 mln deal to finance entrepreneurship, ride sharing projects
Egypt
November 14, 2017
Egypt, Saudi Arabia sign LE 250 mln deal to finance entrepreneurship, ride sharing projects
Egypt and Saudi Arabia signed on Friday two agreements with a total value of LE 250 million to finance Egyptian entrepreneurship…
Mike Bloomberg: London will stay Europe’s financial center but ‘dumb’ Brexit will cut growth
World
November 14, 2017
Mike Bloomberg: London will stay Europe’s financial center but ‘dumb’ Brexit will cut growth
London will remain Europe’s financial center for the foreseeable future and keep its position alongside New York as one of…
Egypt to reduce arrears to foreign oil companies before end 2017 – minister
Egypt
November 12, 2017
Egypt to reduce arrears to foreign oil companies before end 2017 – minister
Egypt’s government expects to further reduce arrears owed to foreign oil companies before the end of 2017, the energy minister…
Egypt inflation eases, paving way for looser monetary policy
Business
November 10, 2017
Egypt inflation eases, paving way for looser monetary policy
Egypt’s inflation dipped for the third month in a row in October after hitting a record high on energy price…
Egypt’s foreign reserves jump to $36.7 bln in October, highest in history
Economy
November 6, 2017
Egypt’s foreign reserves jump to $36.7 bln in October, highest in history
Egypt recorded its highest level of foreign reserves in its history, Egypt’s Central Bank announced on Sunday, climbing from $36.535 billion at…
Is Egypt reaching its aspired economic goals 1 year after the currency float?
Features/Interviews
November 3, 2017
Is Egypt reaching its aspired economic goals 1 year after the currency float?
One year after Egypt took the dramatic step of floating its pound, inflation is still taking its toll on the…
Marsa Alam airport receives first YanAir flight from Ukraine
Economy
October 30, 2017
Marsa Alam airport receives first YanAir flight from Ukraine
Correction: Name of the airliner was changed to YanAir, from RyanAir. Marsa Alam airport received the first YanAir flight out of…
Inaugural flights land at Sphinx International Airport in Giza next summer
Egypt
October 29, 2017
Inaugural flights land at Sphinx International Airport in Giza next summer
Flights will begin to land at Sphinx International Airport in Giza in the summer of 2018, Sherif Fathy, Civil Aviation…
Alcohol to be banned in NEOM: Saudi Crown Prince
Egypt
October 27, 2017
Alcohol to be banned in NEOM: Saudi Crown Prince
Following his declaration of plans to establish a new zone known as NEOM in the kingdom’s northwest region that would…
ENPPI would be first company to go on IPOs program
Egypt
September 26, 2017
ENPPI would be first company to go on IPOs program
The Egyptian government is in meetings on Tuesday to discuss the details of putting ENPPI company up for an initial…