Economy

Spain probes ex-HSBC executives over money laundering

Spain probes ex-HSBC executives over money laundering

A Spanish court is probing seven former executives of HSBC's private Swiss bank on suspicion of money laundering following an…
Egypt to receive World Bank loan third tranche in December: official

Egypt to receive World Bank loan third tranche in December: official

Hafez Ghanem, World Bank Vice President for Middle East and North Africa, said that the third tranche of the World…
Campaign to attract 1 million Chinese tourists to Egypt to launch May 20

Campaign to attract 1 million Chinese tourists to Egypt to launch May 20

An international conference to promote Egypt's tourism industry to the Chinese market will be held on Saturday, May 20 under…
Cabinet allocates LE1.72 billion to renovate Pyramids area, ancient palaces, museums

Cabinet allocates LE1.72 billion to renovate Pyramids area, ancient palaces, museums

Cabinet has approved the allocation of LE1.72 billion in funding to the Antiquities Ministry in order to conclude development of ongoing projects…
Remittances from Egyptians abroad rise by 13.8 pct since November

Remittances from Egyptians abroad rise by 13.8 pct since November

Remittances from expatriate Egyptians have risen 13.8 percent since the central bank floated the pound in November, the central bank…
Egypt seeks negotiations over compensation to Israel in gas row

Egypt seeks negotiations over compensation to Israel in gas row

Egypt's government is considering offers to open negotiations with Israel again in an attempt to drop the international arbitration fine…
Manufacturers in Egypt turn to local sourcing as prices soar

Manufacturers in Egypt turn to local sourcing as prices soar

In green fields near Egypt's Mediterranean coast, one multinational company is harvesting its first crop of potatoes produced from local…
World stocks pause near record highs

World stocks pause near record highs

Concern about global trade and U.S.
Finance Ministry to add 10% social allowance to workers’ salaries from May

Finance Ministry to add 10% social allowance to workers’ salaries from May

The Finance Ministry approved the disbursement of a 10 percent social allowance for workers, during a meeting with the leaders…
Egypt wheat reserves at 2.6 months, to buy 3.8 mln tons from local harvest

Egypt wheat reserves at 2.6 months, to buy 3.8 mln tons from local harvest

Egypt has about 2.6 months' worth of wheat in its strategic reserves and expects to buy up about 3.8 million…
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