Economy

Egypt’s illicit currency traders defy crackdown, spread business abroad

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

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

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

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

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

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

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

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

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

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…
Back to top button