Economy
Foreign exchange rates stable at Egypt banks Tuesday
May 16, 2017
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
May 15, 2017
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?
May 15, 2017
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
May 13, 2017
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
May 11, 2017
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
May 10, 2017
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
May 8, 2017
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
May 8, 2017
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
May 8, 2017
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
May 8, 2017
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…