Economy

Banque Misr: dollar black market rate down to LE9

Banque Misr: dollar black market rate down to LE9

The rate quoted for the US dollar among black market dealers has dropped to nearly LE9, down from a recently…
As market rallies back, investors turn eyes to the Fed

As market rallies back, investors turn eyes to the Fed

Investors who have pushed the US stock market higher over the past month will be taking their cues about the…
Oil pipeline agreement with Iraq, Jordan should be implemented: former minister

Oil pipeline agreement with Iraq, Jordan should be implemented: former minister

Former Petroleum Minister Osama Kamal has praised plans to build a two-way oil pipeline linking Egypt to Iraq via Jordan,…
FAO expert to arrive in Egypt on Sunday, work on ergot laws

FAO expert to arrive in Egypt on Sunday, work on ergot laws

A UN Food and Agriculture Organization (FAO) expert will arrive in Cairo on Sunday to study the effect of ergot…
AT&T, Starwood, Marriott working on Cuba deals ahead of Obama visit

AT&T, Starwood, Marriott working on Cuba deals ahead of Obama visit

At least three major US companies, AT&T Inc (T.N), Starwood Hotels & Resorts Worldwide Inc (HOT.N) and Marriott International Inc…
Tourism real-estate firms lure potential investors are ITB Berlin trade show

Tourism real-estate firms lure potential investors are ITB Berlin trade show

Egypt's representatives at the ITB Berlin travel trade show have reported large numbers of visitors to the Egypt area, including…
IEA says oil prices might have bottomed out

IEA says oil prices might have bottomed out

Oil prices might have bottomed as output in the United States and other non-OPEC producers is beginning to fall quickly…
Lenders team may return to Athens in coming week as differences narrow

Lenders team may return to Athens in coming week as differences narrow

A team of international lenders from the euro zone and the International Monetary Fund is likely to return to Athens…
Egypt tops Russian wheat importers: Sputnik

Egypt tops Russian wheat importers: Sputnik

Russian exports of wheat to Egypt reached around 4.9 million tons between July 2015 to February 2016, according to Russian…
Thomas Cook’s extension of Egypt travel ban ‘weird’: Tourism Ministry

Thomas Cook’s extension of Egypt travel ban ‘weird’: Tourism Ministry

Egypt’s Tourism Ministry has slammed Thomas Cook’s decision to extend the suspension of its travels to Sharm el-Sheikh, labelling it…
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