Economy
Egypt stocks jump in heavy trading on currency weakness, loan with China
December 19, 2016
Egypt stocks jump in heavy trading on currency weakness, loan with China
Egypt's stock index jumped 2.5 percent in heavy trade by mid-afternoon on Monday, as the Egyptian pound depreciated against the…
US dollar exceeds the LE19 mark
December 19, 2016
US dollar exceeds the LE19 mark
The US dollar exchange rate has hit a new high of LE18.75 for purchasing and LE18.95 for selling, up from…
Banks may be able to sue EU if denied transitional deal: document
December 19, 2016
Banks may be able to sue EU if denied transitional deal: document
Banks in Britain are being advised they may be able to sue the European Union if it fails to grant…
Raising medicine prices will not solve shortage problem: Doctors Syndicate
December 19, 2016
Raising medicine prices will not solve shortage problem: Doctors Syndicate
Egypt's Doctors Syndicate said that the Ministry of Health violated all previous commitments by agreeing to increase the price of…
Egypt’s Banque Misr signs MoU with Chinese lender over US$500 mln loan
December 19, 2016
Egypt’s Banque Misr signs MoU with Chinese lender over US$500 mln loan
Egypt's second-largest state-owned lender, Banque Misr, signed a memorandum of understanding with the Industrial and Commercial Bank of China (ICBC)…
Japan’s ‘Overtime Work’ culture difficult to change
December 18, 2016
Japan’s ‘Overtime Work’ culture difficult to change
Japanese workers put up with long hours and unpaid overtime under pressure from cost-saving companies, and the Japanese government, which…
Supply Ministry to start revising ration cards in January
December 18, 2016
Supply Ministry to start revising ration cards in January
The Ministry of Food Supply will start the first phase of revising the ration cards at the beginning of January…
US dollar exchange rate declines
December 15, 2016
US dollar exchange rate declines
The exchange rate of the US dollar has declined by 10 piasters for selling and buying at three national banks,…
Yahoo suffers world’s biggest hack affecting 1 billion users
December 15, 2016
Yahoo suffers world’s biggest hack affecting 1 billion users
Yahoo has discovered a 3-year-old security breach that enabled a hacker to compromise more than 1 billion user accounts, breaking…
Exclusive: Maersk, DONG oil and gas merger talks stall over price – sources
December 14, 2016
Exclusive: Maersk, DONG oil and gas merger talks stall over price – sources
Talks between shipping group A.P. Moller-Maersk (MAERSKb.CO) and DONG Energy (DENERG.CO) to merge their oil and gas business have stalled…