Economy
SEC says Amazon should allow shareholder vote on gender pay
March 18, 2016
SEC says Amazon should allow shareholder vote on gender pay
Amazon.com Inc should allow shareholders to vote on a proposal on gender pay equality, the US securities regulator decided this…
Sharm el-Sheikh hotel occupancy at 17%: investors
March 18, 2016
Sharm el-Sheikh hotel occupancy at 17%: investors
Hotel occupancy in the resort town of Sharm el-Sheikh currently stands at around 17 percent, according to a group of…
Oil hits 2016 high above US$42 on production and demand outlook
March 18, 2016
Oil hits 2016 high above US$42 on production and demand outlook
Oil rose above US$42 a barrel on Friday, hitting its highest this year and extending a rally into a fourth…
What will Egypt’s flexible exchange rate look like?
March 18, 2016
What will Egypt’s flexible exchange rate look like?
Egypt's decision to make the exchange rate more flexible will return the central bank to the managed float in use…
French wheat exporters to lose out even as Egypt tries to settle fungus dispute
March 18, 2016
French wheat exporters to lose out even as Egypt tries to settle fungus dispute
Even if Egypt can end a policy dispute over wheat imports soon, it will be too little, too late for…
Dollar crisis hits pharma industry, causing shortages, possible production halt
March 17, 2016
Dollar crisis hits pharma industry, causing shortages, possible production halt
Egypt's pharmaceuticals industry is facing a serious shortage of raw materials, as well as serious financial difficulties, as a result…
Dollar swoons as Fed scales down rate hike forecasts
March 17, 2016
Dollar swoons as Fed scales down rate hike forecasts
The dollar tumbled on Thursday, lifting world shares to their highest level of the year, after the US Federal Reserve…
Proton plans new production line in Egypt: ambassador
March 17, 2016
Proton plans new production line in Egypt: ambassador
Proton Holdings Berhad, a giant Malaysian automobile manufacturer, will dispatch a team of specialists to Cairo in early April to…
Egypt central bank keeps pound stable at LE8.78 per dollar on Thursday
March 17, 2016
Egypt central bank keeps pound stable at LE8.78 per dollar on Thursday
The Central Bank of Egypt (CBE) will keep the pound stable at a regular foreign currency auction on Thursday, four…
A year after the 2015 economic summit, what has been achieved?
March 16, 2016
A year after the 2015 economic summit, what has been achieved?
Tuesday marked one year since Egypt concluded a massive economic conference in the resort city of Sharm el-Sheikh, a major…