IMF
34% of Egyptians decreased their consumption following waves of subsidy cuts: Baseera
Features/Interviews
July 31, 2017
34% of Egyptians decreased their consumption following waves of subsidy cuts: Baseera
A poll conducted by the Egyptian Center for Public Opinion Research (Baseera) stated on Monday that 34 percent of Egyptians…
Uber fares in Egypt increase following fuel price hike
Technology
July 19, 2017
Uber fares in Egypt increase following fuel price hike
The San Francisco-based ride-hailing company Uber increased their base fare prices in Egypt to start at LE6, with the aim of…
Ride-hailing app Careem raises base fare to LE5.5
Technology
July 17, 2017
Ride-hailing app Careem raises base fare to LE5.5
Following the fuel subsidy cuts, ride-hailing service app Careem has increased their base fares on to start at LE5.5 —…
Egypt to receive third IMF loan of $2 billion between December and January
Economy
July 17, 2017
Egypt to receive third IMF loan of $2 billion between December and January
Egypt expects to receive a third loan installment worth $2 billion from the International Monetary Fund (IMF) between December and…
Egypt to receive $1.25 billion IMF loan
Business
July 14, 2017
Egypt to receive $1.25 billion IMF loan
Egypt is to receive a second loan installment worth $1.25 billion from the International Monetary Fund on Thursday night or…
Egypt to halt flour subsidy, cut wheat imports up to 10%
Egypt
July 13, 2017
Egypt to halt flour subsidy, cut wheat imports up to 10%
Egypt, the world’s largest wheat buyer, will stop subsidizing flour for its sweeping bread subsidy program next month in a…
Venezuela marks 100 days of unrest, at a glance
World
July 9, 2017
Venezuela marks 100 days of unrest, at a glance
Anti-government protests in Venezuela hit the symbolic mark of 100 days on Sunday with a grim record of at least…
Egypt’s foreign reserves rose by $180 million in June: CBE
Business
July 5, 2017
Egypt’s foreign reserves rose by $180 million in June: CBE
The Central Bank of Egypt (CBE) announced that the country’s foreign reserves rose by $180 million in June, an increase…
Following two waves of fuel hikes, Egypt’s middle-class succumb to austerity
Features/Interviews
July 5, 2017
Following two waves of fuel hikes, Egypt’s middle-class succumb to austerity
Omar Abdel Sattar has been navigating Cairo’s heavily jammed streets to attend business meetings ever since he started his job at a…
Walt Disney lifts ban on merchandise produced in Egypt: Trade minister
Egypt
July 3, 2017
Walt Disney lifts ban on merchandise produced in Egypt: Trade minister
After four months of negotiations with Egyptian officials, Walt Disney Company has decided to lift the ban it placed on…