Economy
US dollar rises dramatically on Monday and Tuesday
March 7, 2017
US dollar rises dramatically on Monday and Tuesday
The US dollar exchange rate rose dramatically on Monday and Tuesday, surpassing LE17 in banks. The dollar price appreciated by…
US automaker shifts from ‘bigger is better’ to ‘less global, more profitable’
March 6, 2017
US automaker shifts from ‘bigger is better’ to ‘less global, more profitable’
The US automaker General Motors Co’s decision to sell its European operations signals that the company can win by being…
23% increase in remittances from Egyptians expats in January: CBE
March 6, 2017
23% increase in remittances from Egyptians expats in January: CBE
Remittances from Egyptian citizens working abroad rose by 23% in January to US$1.6 billion, compared to US$1.3 billion in January 2016,…
US dollar rises at various banks Monday
March 6, 2017
US dollar rises at various banks Monday
US dollar exchange rate has seen a new increase on Monday, after fluctuating against the Egyptian pound over the past…
Egyptian exports jump by 25% in January: trade minister
March 5, 2017
Egyptian exports jump by 25% in January: trade minister
Non-petroleum exports accounted for US$1.66 billion in January, compared to US$1.327 billion in January 2016, an increase of 25 percent, said Trade…
Bitcoins hit all-time high on talk of Securities Commission approval
March 4, 2017
Bitcoins hit all-time high on talk of Securities Commission approval
The 'bitcoin' digital currency hit a record high on Friday on optimism about the approval of the first US bitcoin…
Agreement on Russian industrial zone in Egypt to be signed in May
March 3, 2017
Agreement on Russian industrial zone in Egypt to be signed in May
The agreement to establish the Russian industrial zone in Egypt will be signed next May, the minister of trade and…
US dollar rises to varied rates at Egypt’s banks
March 2, 2017
US dollar rises to varied rates at Egypt’s banks
The US dollar exchange rate rose during Thursday's transactions, in the wake of a decline that lasted for more than…
Only foreign investment can reduce the burden of public debt: Boutros Ghaly
March 2, 2017
Only foreign investment can reduce the burden of public debt: Boutros Ghaly
Only foreign investment can reduce the burden of public debt because Egyptian investment will not be able to raise growth…
Egypt’s economic reforms start to bear fruit: Financial Times
March 1, 2017
Egypt’s economic reforms start to bear fruit: Financial Times
The Financial Times said on Monday that economic reforms in Egypt have started to bear fruit. According to the publication, Egypt…