Economy

Oil products from Aramco arriving on schedule: Petroleum Ministry

Oil products from Aramco arriving on schedule: Petroleum Ministry

The Petroleum Ministry said on Tuesday that it has started receiving shipments of refined oil products ordered from Saudi Aramco,…
Govt mulls $10 bn import restrictions to correct balance of payments

Govt mulls $10 bn import restrictions to correct balance of payments

A government source close to negotiations between Egypt and the International Monetary Fund (IMF) said on Monday that the government…
Samsung halts Galaxy Note 7 sales over fire concerns, maybe for good

Samsung halts Galaxy Note 7 sales over fire concerns, maybe for good

Samsung Electronics Co Ltd halted sales of its Galaxy Note 7 smartphones on Tuesday and told owners to stop using…
Electricity Ministry switches customer service to call center with 121 hotline

Electricity Ministry switches customer service to call center with 121 hotline

The Electricity Ministry has switched its customer service telephone operations for south Cairo to a call center that applies international…
Sugar shortage continues as prices reach LE10 per kilo

Sugar shortage continues as prices reach LE10 per kilo

The sugar shortage crisis continues to mount in many governorates, with the price per kilo reaching LE10.The armed forces has…
Egypt’s annual inflation drops to 14.6% in September: CAPMAS

Egypt’s annual inflation drops to 14.6% in September: CAPMAS

Egypt's annual inflation rate dropped to 14.6 percent in September down from 16.4 percent in August, the state statistics agency…
Saudi Aramco informed Egypt about suspending oil product supply: official

Saudi Aramco informed Egypt about suspending oil product supply: official

Saudi Aramco informed the Egyptian General Petroleum Corporation, Egypt's state oil company, in early October that it would halt the…
UK, Finland-born economists win 2016 Nobel Prize for Economics

UK, Finland-born economists win 2016 Nobel Prize for Economics

British-born Oliver Hart and Finland-born Bengt Holmstrom won the 2016 Nobel Economics Prize for their contributions to contract theory, helping…
Saudi Arabia’s Falih says OPEC should not crimp supply too tightly

Saudi Arabia’s Falih says OPEC should not crimp supply too tightly

Saudi Arabia's Energy Minister Khalid al-Falih said on Monday that OPEC should not crimp oil supply too tightly and said…
Inbound tourists decline by 45% in August: CAPMAS

Inbound tourists decline by 45% in August: CAPMAS

Inbound tourists to Egypt declined in number by 45 percent in August, compared to the same month of last year,…
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