Economy
IMF lowers 2016-17 growth forecast for Egypt to 3.5 percent
April 19, 2017
IMF lowers 2016-17 growth forecast for Egypt to 3.5 percent
Egypt's economy will grow by 3.5 percent during the 2016-17 financial year, the International Monetary Fund said on Tuesday, lowering…
US dollar stable after Easter holiday
April 18, 2017
US dollar stable after Easter holiday
The US dollar exchange rate has been stable during tradings on Tuesday.According the latest updates, the purchasing rate at Banque…
Norway to invest $500 million in solar feed-in tariff program in Egypt in October
April 18, 2017
Norway to invest $500 million in solar feed-in tariff program in Egypt in October
The Norwegian company Scatec Solar will push $500 million worth of new investments into the Egyptian market in October, according to a statement issued…
Egypt’s economy growing at 3.9% in 2017, accelerating to 5.4% in 2019: World Bank
April 18, 2017
Egypt’s economy growing at 3.9% in 2017, accelerating to 5.4% in 2019: World Bank
Egypt's economy is forecasted to grow 3.9 percent by the end of 2017 and will be largely driven by public…
World oil prices edge down over expected climb in US output
April 18, 2017
World oil prices edge down over expected climb in US output
Oil prices fell in thin trade on Tuesday after the Easter holiday break shut many markets for as long as…
Tourism rates rise in Red Sea resorts over Easter holidays
April 17, 2017
Tourism rates rise in Red Sea resorts over Easter holidays
South Sinai cities and beaches along the gulfs of Suez and Aqaba saw a large turnout of Egyptian holidaymakers over…
In the Trump era, one US Muslim investor tries a louder voice
April 15, 2017
In the Trump era, one US Muslim investor tries a louder voice
Shareholder activism is rare in Islamic finance, but one wealth manager has staked out new territory as the most outspoken…
Incoming tourists exceed targeted rate by 15% during Q1: Minister
April 13, 2017
Incoming tourists exceed targeted rate by 15% during Q1: Minister
Tourism Minister Yehia Rashed said the number of incoming tourists during the first quarter of 2017 was 10-15 percent higher…
4G service to start operating in a few weeks: Orange Egypt CEO
April 13, 2017
4G service to start operating in a few weeks: Orange Egypt CEO
4G services will officially start operating in Egypt in a few weeks, CEO of Orange Egypt Jean-Marc Harion said on…
Egypt to import 1 million barrels of crude oil a month from Iraq
April 12, 2017
Egypt to import 1 million barrels of crude oil a month from Iraq
The Cabinet has agreed to import one million barrels of Iraqi oil a month, Minister of Petroleum Tareq el-Molla announced. The…