Economy
How can Egyptians relieve the money stress from soaring prices?
January 28, 2017
How can Egyptians relieve the money stress from soaring prices?
In the wake of the current unprecedented wave of price increases, Egyptians are faced with budget shortfalls, especially due to…
Weak exports may crimp US fourth-quarter economic growth
January 27, 2017
Weak exports may crimp US fourth-quarter economic growth
US economic growth likely slowed in the fourth quarter as a plunge in shipments of soybeans weighed on exports, but…
Global stocks extend rally after Wall Street breaks historical record
January 26, 2017
Global stocks extend rally after Wall Street breaks historical record
Global stocks rallied higher Thursday after Wall Street bulldozed its way to another record peak, as investors rediscovered their fervor…
Hotel occupancy rate in Luxor reaches 45%
January 26, 2017
Hotel occupancy rate in Luxor reaches 45%
Hotel occupancy rate in Luxor reached 45 percentage with 10,000 visitors headed to archaeological sites in Luxor over the past…
US dollar exchange rate sees slight increase at banks
January 26, 2017
US dollar exchange rate sees slight increase at banks
The US dollar exchange rate appreciated gradually during transactions on Thursday at five banks: the National Bank of Egypt (NBE), Banque…
American Airlines introduces Basic Economy fare
January 26, 2017
American Airlines introduces Basic Economy fare
American Airlines is the latest airline to offer stripped-down airfares for a lower price. Passengers will soon be able to…
Low-cost flights on the horizon
January 25, 2017
Low-cost flights on the horizon
Get ready to squeeze on board for low-cost flights between the US and Asia.
Egypt asks for US$400 million loan from World Bank
January 25, 2017
Egypt asks for US$400 million loan from World Bank
The Egyptian government asked for US$400 million loan from the World Bank to finance labor-intensive projects with 50 percent of…
Dollar steadies after stumble, Brexit ruling saps sterling
January 24, 2017
Dollar steadies after stumble, Brexit ruling saps sterling
The US dollar and world stocks tip-toed higher on Tuesday, as signs of a revival of worldwide economic activity helped…
Egypt plans currency swap with Russia
January 24, 2017
Egypt plans currency swap with Russia
The Egyptian government is considering signing a currency swap agreement with Russia, following in the footsteps of its agreement with…