Economy
Central bank to keep pound stable at forex auction amid devaluation talk
July 12, 2016
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
July 11, 2016
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
July 10, 2016
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
July 10, 2016
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
July 9, 2016
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
July 8, 2016
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
July 8, 2016
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
July 8, 2016
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
July 8, 2016
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
July 8, 2016
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…