Economy

Hilton to add 1000 extra rooms in Egypt in 2018

Hilton to add 1000 extra rooms in Egypt in 2018

Hilton Worldwide is planning to add 1000 more rooms to the number of existing rooms it manages in Egypt by…
Fifty-nine ships crossed Suez Canal with 3.9mn ton cargo on Tuesday

Fifty-nine ships crossed Suez Canal with 3.9mn ton cargo on Tuesday

Head of the General Authority for the Suez Canal Economic Zone (SCZone) and chairman of Suez Canal Authority (SCA) Mohab Mamish…
Rise in US dollar exchange rate due to increasing demand

Rise in US dollar exchange rate due to increasing demand

The exchange rate of the US dollar rose in banks operating in Egypt on Monday, driven by an increased demand for…
10 richest Arabs of 2017: Forbes

10 richest Arabs of 2017: Forbes

Forbes Magazine published on Tuesday a list of the richest 10 people in the Arab world. The UAE had the lion’s…
80% drop in customs tax of imported cars starting 2018: Customs Authority

80% drop in customs tax of imported cars starting 2018: Customs Authority

Head of Egypt’s Customs Authority Magdy Abdel Aziz said Sunday that the customs tax on cars, which currently stands at…
Egyptian exports climb to $5.8 billion from January-March 2017: CBE

Egyptian exports climb to $5.8 billion from January-March 2017: CBE

Egyptian exports saw a significant increase during the months of January-March 2017, reaching a value of $5.8 billion over the…
Egypt’s finance minister says expects Jan inflation at 20 pct

Egypt’s finance minister says expects Jan inflation at 20 pct

Egypt’s inflation rate is expected to drop to 20 percent in January and to 13-14 percent by August, Finance Minister…
Foreign investment in Egyptian securities rises to $19 bln

Foreign investment in Egyptian securities rises to $19 bln

Foreign investment in Egyptian securities hit $19 billion as of December 6 since the flotation of the pound currency in…
Egypt’s s balance of payments rise to $5.1 billion: CBE

Egypt’s s balance of payments rise to $5.1 billion: CBE

The Central Bank of Egypt (CBE) stated that the total surplus of Egypt’s balance of payments rose to USD 5.1…
Egypt’s Atoll gas field begins test production: minister

Egypt’s Atoll gas field begins test production: minister

Test production at Egypt’s Atoll offshore gas field began on Tuesday with a production capacity of 300 million cubic feet…
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