Economy
Egyptian pound strengthens: around 18 per dollar in banks
January 9, 2017
Egyptian pound strengthens: around 18 per dollar in banks
The Egyptian pound remained steady at around 18 per US dollar in most banks on Sunday.The dollar was sold at…
US businessmen mull New Suez Canal Area investments
January 9, 2017
US businessmen mull New Suez Canal Area investments
A delegation of American businessmen headed by Jack Wheeler visited the new economic zone of the Suez Canal, on Sunday. The businessmen…
Senior ‘Economist’ analyst expects Egyptian pound value to rise by 14%
January 7, 2017
Senior ‘Economist’ analyst expects Egyptian pound value to rise by 14%
Simon Baptist, the Global Chief Economist at The Economist Intelligence Unit, expected the value of the Egyptian pound to increase by 14 percent against the…
Coca-Cola gets sued for misleading consumers
January 6, 2017
Coca-Cola gets sued for misleading consumers
Coca-Cola Co and the American Beverage Association trade group were sued on Wednesday for allegedly misleading consumers about the health…
Egypt among 20 best 2017 tourist destinations: Bloomberg
January 5, 2017
Egypt among 20 best 2017 tourist destinations: Bloomberg
Bloomberg website chose Egypt among 20 tourist destinations worth visiting in 2017, saying that after years of political turmoil, the…
Israeli tourists visit Egypt for first time in 18 months under high security: embassy
January 5, 2017
Israeli tourists visit Egypt for first time in 18 months under high security: embassy
The Israeli Embassy in Cairo announced on Wednesday the return of Israeli tourists to Egypt, and displayed the details of…
Stocks, oil, gold start 2017 on firm footing, US dollar resumes climb
January 3, 2017
Stocks, oil, gold start 2017 on firm footing, US dollar resumes climb
Global markets marched confidently into 2017 on Tuesday, with Asian stocks extending gains after European shares surged to their highest…
Government puts gasoline smart cards system into action: Minister
January 1, 2017
Government puts gasoline smart cards system into action: Minister
The Petroleum Ministry has said that applying the gasoline smart cards at fuel stations comes within the second phase of…
Oil down, but ends year with biggest gain since 2009
December 31, 2016
Oil down, but ends year with biggest gain since 2009
Oil prices settled slightly lower on Friday, the year's last trading day, but attained their biggest annual gain since 2009,…
CEO resigns after overworked employee commits suicide
December 30, 2016
CEO resigns after overworked employee commits suicide
The head of the Japanese advertising giant Dentsu has resigned after the suicide of a junior employee was linked to…