Economy

Dollar rises to three-month high vs. yen before U.S. GDP data

Dollar rises to three-month high vs. yen before U.S. GDP data

The dollar advanced to a three-month high against the yen on Friday, on track for monthly gains against most major…
Oil prices edge lower on doubts over production cut deal

Oil prices edge lower on doubts over production cut deal

Oil prices edged lower on Friday and were set for the biggest weekly losses in six weeks over doubts about…
EgyptAir changes rules on ticket sales to prevent currency losses

EgyptAir changes rules on ticket sales to prevent currency losses

EgyptAir Company has developed a number of policies to curb manipulation of currency markets while booking tickets for Egypt flights,…
China’s CFLD to finalise new Egyptian capital deal by year-end

China’s CFLD to finalise new Egyptian capital deal by year-end

China Fortune Land Development Company (CFLD) expects to finalise its $20 billion deal to develop part of Egypt's new capital…
Egypt jumps up 56 ranks in World Bank Electricity Production list

Egypt jumps up 56 ranks in World Bank Electricity Production list

Egypt ranks 88 for electricity production in the World Bank's 2017 Doing Business report, progressing 56 places up the rankings…
Air Cairo operates new flights from Europe to Sharm el-Sheikh

Air Cairo operates new flights from Europe to Sharm el-Sheikh

Air Cairo has started new flights between European countries and Sharm el-Sheikh, including Austria and Norway, according to an annoucement…
EGPC, Kuwait’s Energy signs partnership agreement on natural gas field in Iraq

EGPC, Kuwait’s Energy signs partnership agreement on natural gas field in Iraq

Egyptian General Petroleum Corporation (EGPC) has signed partnership agreement with Kuwait Energy oil company on the Siba natural gas field,…
Egypt’s Sisi says military economy just 1-1.5% of GDP

Egypt’s Sisi says military economy just 1-1.5% of GDP

The Egyptian military's economic activities are equivalent to just 1 to 1.5 percent of GDP and not more than 20…
Consumer complex head gets 5 years in jail for hoarding sugar

Consumer complex head gets 5 years in jail for hoarding sugar

The head of a consumer complex has been sentenced to five years in prison and a fine of LE100,000 for…
Basic commodity reserves are secure, being bolstered: minister

Basic commodity reserves are secure, being bolstered: minister

The Ministry of Supply and Internal Trade is currently working to build up a six-month strategic reserve of basic commodities,…
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