Economy
Egypt’s illicit currency traders defy crackdown, spread business abroad
June 15, 2016
Egypt’s illicit currency traders defy crackdown, spread business abroad
Egypt's efforts to stamp out illicit currency trading is pushing black market dealers to carry out transactions abroad, beyond the…
Egypt’s EGAS wins case over gas cuts at LNG plant
June 15, 2016
Egypt’s EGAS wins case over gas cuts at LNG plant
The Paris-based International Court of Arbitration has ruled that Egypt's state gas board EGAS will not have to pay a…
China’s yuan trade system to open branches in London, New York
June 13, 2016
China’s yuan trade system to open branches in London, New York
China's state-owned currency marketplace said on Sunday it was preparing to open branches in London and New York as part…
Microsoft to buy LinkedIn for US$26.2 billion in its largest deal
June 13, 2016
Microsoft to buy LinkedIn for US$26.2 billion in its largest deal
Microsoft Corp agreed to buy LinkedIn Corp for US$26.2 billion in its biggest-ever deal, combining the software giant's fast-growing cloud…
Egypt builds new homes to replace crumbling slums
June 13, 2016
Egypt builds new homes to replace crumbling slums
Bayada Mohamed has left her old slum on a crumbling cliffside and moved into a new flat in a Cairo…
US$60 oil is coming soon: Saudi Arabia
June 12, 2016
US$60 oil is coming soon: Saudi Arabia
Crude oil could rise to US$60 a barrel by the end of the year, even without any help from OPEC.That…
Egypt to end local wheat buying on Wednesday: Supply Ministry
June 11, 2016
Egypt to end local wheat buying on Wednesday: Supply Ministry
Egypt will end local wheat buying on Wednesday, earlier than usual, due to exceeding its target of four million tonnes,…
Russia unveils new passenger plane it says will rival Boeing, Airbus
June 9, 2016
Russia unveils new passenger plane it says will rival Boeing, Airbus
Russia on Wednesday presented a new medium-range passenger plane which state media said was superior to its Western-made counterparts in…
Egypt’s CIB and Beltone drop plans for CI Capital sale
June 9, 2016
Egypt’s CIB and Beltone drop plans for CI Capital sale
Egypt's Commercial International Bank (CIB) has dropped plans to sell its investment bank CI Capital to Beltone Financial after failing…
Egypt’s annual urban consumer price inflation jumps to 12.3 pct in May
June 9, 2016
Egypt’s annual urban consumer price inflation jumps to 12.3 pct in May
Egypt's annual urban consumer price inflation jumped to 12.3 percent in May from 10.3 percent in April, the official statistics…