Economy
US dollar prices decline in Egypt’s banks
December 23, 2016
US dollar prices decline in Egypt’s banks
The US dollar exchange rate continued to decline on Thursday to stand at LE 19.5 and LE18.75 in the bank. The…
Oil falls on firm dollar, profit-taking ahead of holidays
December 23, 2016
Oil falls on firm dollar, profit-taking ahead of holidays
Oil prices slipped on Friday in thin Asian trade ahead of the Christmas and New Year holidays, eroding some of…
Pharmaceutical companies threaten closure, workers layoff
December 22, 2016
Pharmaceutical companies threaten closure, workers layoff
The crisis of the demands from pharmaceutical companies to increase medicine prices hs escalated, after a number of companies threatened…
Pharmacists syndicate demands presidential interference in medicine prices
December 21, 2016
Pharmacists syndicate demands presidential interference in medicine prices
The Pharmacists Syndicate sent a letter to Egypt's President Abdel Fattah al-Sisi calling on him to ban the increases in…
Exhibitors face huge losses from Le Marche cancelation
December 21, 2016
Exhibitors face huge losses from Le Marche cancelation
The decision to cancel the furniture and decoration exhibition "Le Marche" just two days before the expected inauguration at the…
World Bank approves second US$1 bln loan tranche to Egypt
December 21, 2016
World Bank approves second US$1 bln loan tranche to Egypt
The World Bank's board of executive directors approved on Tuesday a second US$1 billion disbursement from a US$3 billion loan…
Egyptian pound approaches 20 to US dollar in banks
December 20, 2016
Egyptian pound approaches 20 to US dollar in banks
The Egyptian pound depreciated further against the dollar in some banks mid-Tuesday, reaching a selling price of 19.75 compared to…
New initiative aims to promote Egyptian exports
December 20, 2016
New initiative aims to promote Egyptian exports
CEO of Logic Management Consulting, Mohamed al-Sherif, announced the launch of an initiative dubbed "Egypt Exports" on December 19 to…
Egypt raises purchase price of sugar cane from local farmers
December 20, 2016
Egypt raises purchase price of sugar cane from local farmers
The Egyptian government has increased the price it pays local farmers for sugar cane by 25 percent, the Ministry of…
IMF’s Christine Lagarde found guilty in French tycoon payout deal
December 19, 2016
IMF’s Christine Lagarde found guilty in French tycoon payout deal
French judges on Monday reached a decision in the trial of IMF head Lagarde for negligence over a massive state payout…