Economy

Asian flash surge takes euro to $1.07

Asian flash surge takes euro to $1.07

A short-lived spike in the euro dominated this year's last day of trade in major foreign exchange markets on Friday,…
Experts predict stable exchange rate for US dollar in second half of 2017

Experts predict stable exchange rate for US dollar in second half of 2017

Some investment experts are predicting that the Egyptian pound will regain some strength against the US dollar during the second…
EgyptAir offers promotions, discounts on New Year, Christmas occasions

EgyptAir offers promotions, discounts on New Year, Christmas occasions

EgyptAir will resume its additional and regular 344 flights to Egyptian tourist destinations on the occasion of the New Year…
CBE to establish fund worth LE5 bln to develop tourist facilities

CBE to establish fund worth LE5 bln to develop tourist facilities

Central Bank of Egypt (CBE) will set up a fund at LE five billion to finance the development of tourist…
France to fund energy projects in Egypt worth 175 million Euros: Minister

France to fund energy projects in Egypt worth 175 million Euros: Minister

France will fund energy projects in Egypt for a sum of 175 million euros, including 150 million euros toward electricity…
US dollar dips against yen after lower Treasury yields

US dollar dips against yen after lower Treasury yields

The US dollar dipped against the yen on Monday, edging lower after the US Treasury yields pulled away from the…
Occupancy rates in Hurghada, Sharm el-Sheikh not affected by Western warnings

Occupancy rates in Hurghada, Sharm el-Sheikh not affected by Western warnings

Tight security measures have been imposed at Red Sea tourist resorts and hotels as celebrations of the New Year and…
Stocks could suffer as Trump trade policy takes shape

Stocks could suffer as Trump trade policy takes shape

The year-end stocks surge which came on the heels of the election of Donald Trump as US president was built…
Euro zone to unblock Greek short-term debt relief deal in January

Euro zone to unblock Greek short-term debt relief deal in January

The Euro zone finance ministers, Eurogroup, will unblock the now suspended short-term debt relief measures for Greece in January after…
Egypt seeks to import crude directly from Iraq

Egypt seeks to import crude directly from Iraq

Egypt's Petroleum Minister Tarek El Molla said on Thursday his country was seeking to reach an agreement with Iraq over…
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