Economy
Egypt fixes customs dollar exchange rate to help importers
January 18, 2017
Egypt fixes customs dollar exchange rate to help importers
Egypt will fix its customs dollar exchange rate and adjust it on a monthly basis to help importers better cope…
EgyptAir announces special offers on domestic round-trip tickets
January 18, 2017
EgyptAir announces special offers on domestic round-trip tickets
EgyptAir Holding Company announced special offers for one-day round trips from Cairo and Borg al-Arab airports to domestic destinations like…
Egypt offers Khaliji investors plots of lands seeking hard currency
January 17, 2017
Egypt offers Khaliji investors plots of lands seeking hard currency
The Housing Ministry Tuesday offered land plots for Khaliji investors for sale against US dollarsover the upcoming three months, in…
Uber announces fare increase
January 17, 2017
Uber announces fare increase
Uber company raised the starting fares of its rides from LE4 to LE5 for economy taxis, and from LE5 to…
Moody’s expects 4% economic growth for Egypt in 2017
January 17, 2017
Moody’s expects 4% economic growth for Egypt in 2017
Moody's Investor Service expects that Egypt's economy will grow by 4% in 2017, and the growth rate will increase 4.5%…
Sterling Pound suffers on ‘Brexit’ fear, as Asian markets retreat
January 16, 2017
Sterling Pound suffers on ‘Brexit’ fear, as Asian markets retreat
The pound struggled at 32-year lows against the dollar in Asia on Monday after reports said British Prime Minister Theresa…
Egypt is planning new cuts to energy subsidies, says Finance Minister
January 16, 2017
Egypt is planning new cuts to energy subsidies, says Finance Minister
Egypt's Finance Minister Amr al-Garhy said on Sunday the government is studying the application of new cuts to fuel subsidies. The…
Egypt says foreign investment in treasuries set to reach $10-11 bln in one year
January 15, 2017
Egypt says foreign investment in treasuries set to reach $10-11 bln in one year
Egyptian Finance Minister Amr El Garhy said on Sunday he expected foreign investment in Egyptian treasury instruments to reach about…
Egypt’s $12 bln IMF loan carries interest rate of 1.5-1.75 pct -fin min
January 15, 2017
Egypt’s $12 bln IMF loan carries interest rate of 1.5-1.75 pct -fin min
Egypt's $12 billion three-year loan programme from the International Monetary Fund carries an interest rate of 1.5 to 1.75 percent,…
Egypt’s GASC draws seven offers in wheat purchase tender
January 14, 2017
Egypt’s GASC draws seven offers in wheat purchase tender
Egypt's state buyer GASC received sales offers from seven suppliers in an international tender to purchase wheat on Saturday, traders…