Economy
Hilton to add 1000 extra rooms in Egypt in 2018
December 18, 2017
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
December 12, 2017
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
December 12, 2017
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
December 11, 2017
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
December 11, 2017
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
December 11, 2017
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
December 11, 2017
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
December 11, 2017
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
December 10, 2017
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
December 5, 2017
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…