Economy
Oil touches three-month lows, as US supply swells
March 13, 2017
Oil touches three-month lows, as US supply swells
Oil hovered around three-month lows on Monday, as rising US inventories and drilling activity offset optimism over OPEC's efforts to…
Egypt’s economic reforms have effect on macroeconomics: World Bank official
March 13, 2017
Egypt’s economic reforms have effect on macroeconomics: World Bank official
The recent economic reforms applied by the Egyptian government have an important effect on the macroeconomic package, in addition to…
US economy adds 235,000 new jobs in February
March 11, 2017
US economy adds 235,000 new jobs in February
The US economy had another strong month of job creation in February, the Labor Department reported -- a result sure…
UK offers US$150 million as loan guarantee to support Egypt’s economic reform
March 9, 2017
UK offers US$150 million as loan guarantee to support Egypt’s economic reform
British Ambassador John Casson signed on Wednesday a joint declaration of intent with International Cooperation and Investment Minister Sahar Nasr.In…
Government resolves bread crisis in governorates
March 9, 2017
Government resolves bread crisis in governorates
The crisis of the 'gold card’, used to get subsidized bread in the governorates, had been solved on Wednesday after…
Annual food inflation rate jumps by 41.7%: CAPMAS
March 9, 2017
Annual food inflation rate jumps by 41.7%: CAPMAS
The annual food and beverage inflation rates jumped by 41.7 percent in February 2017, according to the a report by…
EgyptAir loses LE4 bln due to exchange rate difference: Chairman
March 9, 2017
EgyptAir loses LE4 bln due to exchange rate difference: Chairman
The total losses of EgyptAir Holding Company reached four billion Egyptian pounds during the first half of the current fiscal…
Samsung chief denies all charges as South Korea’s ‘trial of the century’ begins
March 9, 2017
Samsung chief denies all charges as South Korea’s ‘trial of the century’ begins
The head of South Korea's Samsung Group, Jay Y. Lee, denies all charges against him, his lawyer said on Thursday,…
Saudi energy minister says oil market fundamentals improving
March 8, 2017
Saudi energy minister says oil market fundamentals improving
Saudi Energy Minister Khalid al-Falih said on Tuesday that oil market fundamentals were improving after an agreement struck with top…
Imported raw sugar exempt from customs taxes until end of 2017
March 7, 2017
Imported raw sugar exempt from customs taxes until end of 2017
Imported raw sugar is now exempt from customs taxes during the period from January 1 until the end of 2017, according to…