Economy

EgyptAir reconsiders ticket prices following dollar hike

EgyptAir reconsiders ticket prices following dollar hike

EgyptAir is considering increasing prices of plane tickets following a recent 14 percent surge in the US dollar price against…
Egypt c.bank to hold pound steady at 8.85 per dollar at exceptional FX auction

Egypt c.bank to hold pound steady at 8.85 per dollar at exceptional FX auction

Egypt's central bank will hold the pound steady at 8.85 pounds per dollar at an exceptional foreign currency auction on…
VW institutional investors file US$3.61 billion suit in Germany

VW institutional investors file US$3.61 billion suit in Germany

Almost 300 institutional investors in Volkswagen have filed a multi-billion euro suit against the carmaker for what they see as…
Europe shares track Asia lower after gloomy BOJ economy view

Europe shares track Asia lower after gloomy BOJ economy view

European shares fell on Tuesday, mirroring declines in Asia after the Bank of Japan painted a bleaker picture of the…
Experts divided over Egyptian pound devaluation

Experts divided over Egyptian pound devaluation

The Central Bank of Egypt's decision to devalue the country’s currency rate has drawn mixed reactions from experts. The Egyptian…
EU grants to Egypt currently total 1bn euros: EU official

EU grants to Egypt currently total 1bn euros: EU official

European Union grants to Egypt, covering all sectors, stand at a current one billion euros, said an EU official on…
Egypt announces more flexible exchange rate policy as it devalues pound

Egypt announces more flexible exchange rate policy as it devalues pound

Egypt's central bank devalued the pound on Monday and said it would move to a more flexible exchange rate policy…
Oil back below $40 as Iran dashes hopes for quick deal on output

Oil back below $40 as Iran dashes hopes for quick deal on output

Oil fell around 2 percent on Monday after Iran dashed hopes that there would be a coordinated production freeze any…
China’s supply-side slogan means different things to different people

China’s supply-side slogan means different things to different people

To some it means upgrading China's ubiquitous hole-in-the-wall noodle shops, to others it is manufacturing high-tech toilet seats."Supply-side reform" is…
Central bank devalues Egyptian pound to LE8.85 per dollar at special FX auction

Central bank devalues Egyptian pound to LE8.85 per dollar at special FX auction

Egypt's central bank said on Monday it had devalued the Egyptian pound to LE8.85 per dollar at a special foreign…
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