Economy
Petroleum Minister, EU officials meet to boost cooperation in energy projects
April 12, 2017
Petroleum Minister, EU officials meet to boost cooperation in energy projects
Petroleum Ministry Tareq el-Molla met with Christian Danielsson, Director-General for European Neighbourhood Policy and Enlargement Negotiations, and Ivan Surkos, Head of the European Delegation…
Egypt signs €10 million grant agreement with EU for empowerment of women
April 11, 2017
Egypt signs €10 million grant agreement with EU for empowerment of women
Minister of Investment and International Cooperation Sahar Nasr signed a grant agreement with Director General of the European Neighborhood Policy and…
Naguib Sawiris launches new bank in Europe to finance small, medium enterprises
April 11, 2017
Naguib Sawiris launches new bank in Europe to finance small, medium enterprises
Riverbank S.A., which is majority-owned by Egyptian business tycoon Naguib Sawiris, officially launched operations in Europe on Monday, after receiving its…
Government approves bill regulating Uber, Careem
April 11, 2017
Government approves bill regulating Uber, Careem
The Cabinet has approved a draft law regulating the transport of passengers via private cars through the use of information…
Egypt annual inflation rates hits the highest records since 30 years, CAPMAS
April 10, 2017
Egypt annual inflation rates hits the highest records since 30 years, CAPMAS
The annual consumer inflation rate spiked to 32.5 percent in March 2017, compared to 9.2 percent in the same month…
Regulators investigate Barclays CEO Staley over whistleblowing case
April 10, 2017
Regulators investigate Barclays CEO Staley over whistleblowing case
British regulators are investigating Barclays Chief Executive Jes Staley and the bank itself, over the handling of a whistleblowing incident,…
Geopolitics from France to Korea keep investors cautious
April 10, 2017
Geopolitics from France to Korea keep investors cautious
Trading volumes were muted for many financial market assets on Monday with investors refraining from making big bets because of…
IMF chief praises economic reform progress in Egypt
April 6, 2017
IMF chief praises economic reform progress in Egypt
President Abdel Fattah al-Sisi met with Christine Lagarde, Managing Director of the International Monetary Fund, on Wednesday while on an official visit in Washington.
US dollar remains stable during Thursday trading
April 6, 2017
US dollar remains stable during Thursday trading
US dollar exchange rates witnessed relative stability during trading sessions on Thursday.The purchasing rate reached LE17.95 at the three national…
Saudi Arabia to invest $100 mn in Egypt solar energy project
April 6, 2017
Saudi Arabia to invest $100 mn in Egypt solar energy project
Fawaz Alhokair Saudi Group has allocated $100 million for investment in the solar sector in Egypt in 2017, Borsa news…