Economy

How can Egyptians relieve the money stress from soaring prices?

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

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

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%

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

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

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

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

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

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

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…
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