Economy

Central bank to keep pound stable at forex auction amid devaluation talk

Central bank to keep pound stable at forex auction amid devaluation talk

Egypt's central bank will keep the Egyptian pound stable at 8.78 to the dollar at its weekly foreign exchange auction…
EgyptAir launches campaign, package deals to promote local tourism

EgyptAir launches campaign, package deals to promote local tourism

EgyptAir has announced the launch of a new a campaign to promote local tourism this summer entitled “Your Vacation in…
Harley moves to keep premium status, attract younger riders

Harley moves to keep premium status, attract younger riders

After the shares of Harley-Davidson Inc (HOG.N) took a wild ride last week on unconfirmed buyout rumors, the motorcycle maker's…
Egypt non-oil business activity slows for ninth straight month in June: PMI

Egypt non-oil business activity slows for ninth straight month in June: PMI

Business activity in Egypt shrank for the ninth straight month in June on the back of further declines in output,…
Eid brings wave of revival to Red Sea tourist resorts

Eid brings wave of revival to Red Sea tourist resorts

Egypt's tourist resorts have seen a new lease of life this Eid, with Red Sea holiday destinations receiving their highest…
Militants blow up Eni oil pipeline in Nigeria: security agency

Militants blow up Eni oil pipeline in Nigeria: security agency

Attackers blew up an oil pipeline in Nigeria's southern Bayelsa state operated by a subsidiary of Italy's Eni on Friday,…
Net foreign direct investment up by 13.7%: Investment Ministry

Net foreign direct investment up by 13.7%: Investment Ministry

The Investment Ministry has released figures suggesting a net increase in foreign direct investment (FDI) in Egypt during the 2015-2016…
India’s Modi in South Africa for talks with Zuma, trade summit

India’s Modi in South Africa for talks with Zuma, trade summit

Indian Prime Minister Narendra Modi met South Africa's President Jacob Zuma on Friday to discuss boosting investment and trade, in…
Libya oil guards back NOC state oil company, preparing to reopen fields

Libya oil guards back NOC state oil company, preparing to reopen fields

Libya's oil guard brigades, which control Ras Lanuf and Es Sider, two major export terminals closed since 2014, are working…
Eni’s investment in Zohr gas project transcends political controversies: official

Eni’s investment in Zohr gas project transcends political controversies: official

Egypt's ongoing cooperation with Italian oil company Eni in developing the "supergiant" Zohr gas field is so important that it…
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