Economy

EU wants to agree formula for Britain’s exit bill, not final amount

EU wants to agree formula for Britain’s exit bill, not final amount

The European Union wants to agree with Britain on a formula for calculating how much it will owe the bloc…
US dollar exchange rate declines slightly

US dollar exchange rate declines slightly

The US dollar exchange rate declined slightly in banks on Wednesday; the lowest rate found in banks was LE18.15 to…
Electricity bills to increase again in July: ministry

Electricity bills to increase again in July: ministry

Electicity bills will increase again in July as result of the restructuring of energy prices due to the rise in…
Out of pocket, Italians fall out of love with the euro

Out of pocket, Italians fall out of love with the euro

When the Italian central bank's deputy governor joined a radio phone-in show last week, many callers asked why Italy didn't…
Foreign currency reserves can cover 6 months of imports: CBE

Foreign currency reserves can cover 6 months of imports: CBE

The foreign currency reserves at the Central Bank of Egypt (CBE) are able to cover Egypt's imports for a period…
Poultry prices continue to rise, 1kg costs LE44

Poultry prices continue to rise, 1kg costs LE44

Poultry prices continued to rise in Egypt markets yesterday, with 1kg of frozen poultry costing LE44, and 1kg of live…
Euro, European bonds unnerved by French political jitters

Euro, European bonds unnerved by French political jitters

European financial markets struggled with growing economic and political concerns on Tuesday as the euro neared its biggest fall this…
Mid-year vacation boosts occupancy rates in Hurghada

Mid-year vacation boosts occupancy rates in Hurghada

Red Sea Governor Ahmed Abdullah has indicated a 20 percent increase in number of incoming Ukranian tourists heading to the…
Egypt is the cheapest place to get your Big Mac

Egypt is the cheapest place to get your Big Mac

If you are a big fan of the ubiquitous double-decker burger, you should probably roll up your sleeves and give it a…
Apple, Google, Uber join fight against Trump travel ban

Apple, Google, Uber join fight against Trump travel ban

Dozens of tech companies, including behemoths like Apple, Google, and Facebook, are siding with Washington state and Minnesota as they…
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