Economy

Egypt to gather additional $6 bln required for IMF deal

Egypt to gather additional $6 bln required for IMF deal

Egyptian Finance Minister Amr El Garhy said on Monday his country would gather an additional $6 billion in bilateral funding…
EgyptAir bans Samsung Galaxy Note 7 on flights

EgyptAir bans Samsung Galaxy Note 7 on flights

EgyptAir has imposed a ban on Samsung Galaxy Note 7 smartphones on its flights in the wake of concerns over…
Egypt’s poverty level hit 27.8% in 2015: CAPMAS

Egypt’s poverty level hit 27.8% in 2015: CAPMAS

The number of poor people in Egypt in 2015 stood at 27.8 percent of the overall population, comparing to 25.2…
Iran to invite foreign companies to bidding on oil and gas

Iran to invite foreign companies to bidding on oil and gas

Iran’s oil ministry website says the country will invite foreign companies on Monday to bid for oil and gas projects…
Saudi finance ministry to close annual accounts early in austerity step

Saudi finance ministry to close annual accounts early in austerity step

Saudi Arabia's finance ministry will close its accounts for this year's budget on Nov. 15, the ministry said on Sunday…
Etisalat Misr, Vodafone Egypt sign 4G licence deals in Egypt

Etisalat Misr, Vodafone Egypt sign 4G licence deals in Egypt

Vodafone Egypt and Etisalat Misr have signed licence deals allowing them to operate fourth-generation (4G) mobile services in Egypt, the…
Orange Egypt signs 4G licence deal worth $484 mln

Orange Egypt signs 4G licence deal worth $484 mln

Orange Egypt signed a licence deal on Thursday, paying $484 million to operate fourth-generation mobile phone services in the country…
Saudi Arabia, SoftBank aim to be world’s No. 1 tech investor with $100 billion fund

Saudi Arabia, SoftBank aim to be world’s No. 1 tech investor with $100 billion fund

Saudi Arabia and Japan's SoftBank Group (9984.T) will create a technology investment fund that could grow as large as $100…
Citizens mob vehicles selling subsidized foodstuffs at discounted prices

Citizens mob vehicles selling subsidized foodstuffs at discounted prices

Thousands of people in the city of Matariyya, in Daqahlia governorate, crowded around vehicles selling subsidized foodstuffs and gas cylinders…
Egypt’s stock market gains on $2 bln Saudi deposit

Egypt’s stock market gains on $2 bln Saudi deposit

Egypt's stock market jumped in early trade on Thursday after news that the central bank had last month received a…
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