Economy

Petroleum Minister, EU officials meet to boost cooperation in energy projects

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

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

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

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

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

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

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

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

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

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…
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