Economy

Foreign exchange rates stable at Egypt banks Tuesday

Foreign exchange rates stable at Egypt banks Tuesday

The Governor of the Central Bank of Egypt, Tarek Amer, said that the situation has improved greatly since the flotation…
Oil price jump soothes cyber nerves

Oil price jump soothes cyber nerves

Oil’s strongest run of gains since December cushioned the hit to stock markets on Monday from a successful missile test…
Will ‘Cyber Chaos’ spread with workweek’s start?

Will ‘Cyber Chaos’ spread with workweek’s start?

Global cyber chaos was spreading Monday as companies booted up computers at work following the weekend’s worldwide “ransomware” cyberattack. The…
BP launches two new gas fields in Egypt

BP launches two new gas fields in Egypt

BP has started gas production from two fields in its West Nile Delta development off Egypt’s coast, the second of…
Inflation expected to rise higher as rate reaches 32.9% in April

Inflation expected to rise higher as rate reaches 32.9% in April

The Central Agency for Public Mobilization and Statistics (CAPMAS) has estimated the annual inflation rate in April at 32.9 percent,…
Suez Canal revenues record $853.7 mn in March, April

Suez Canal revenues record $853.7 mn in March, April

Suez Canal revenues over the past two months have reached $853.7 million, compared to $820.4 million for the same period…
US dollar bond yields jump in Egypt: Bloomberg

US dollar bond yields jump in Egypt: Bloomberg

The US dollar bond yields in Egypt have jumped this year, causing the cost of borrowing to reach its lowest…
Egypt plans new Eurobond issue end May or early June: Finance minister

Egypt plans new Eurobond issue end May or early June: Finance minister

Egypt plans to issue a new Eurobond at the end of May or start of June, Finance Minister Amr El…
Lufthansa increases Egypt flights to 33 a week, up from 29: country manager

Lufthansa increases Egypt flights to 33 a week, up from 29: country manager

Lufthansa has decided to increase the number of flights from Egypt to German cities to 33 flights a week, up…
Euro hits 6-month high, Asia shares firm after French vote relief

Euro hits 6-month high, Asia shares firm after French vote relief

The euro hit a six-month high against the dollar on Monday while Asian shares gained and U.S. stock futures briefly…
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