Economy

Alibaba stock jumps after announcing Hong Kong primary listing

Alibaba stock jumps after announcing Hong Kong primary listing

New York (CNN Business) – Alibaba announced a plan to allow more mainland Chinese investors to invest in the stock.…
We want more direct investments from Europe, Egypt FM

We want more direct investments from Europe, Egypt FM

Egyptian Foreign Minister Sameh Shoukry said that his country wants more direct investments from Europe. Shoukry’s remarks came during an…
Global wheat prices fell by 20% after the grain export agreement

Global wheat prices fell by 20% after the grain export agreement

Wheat prices fell on global stock exchanges by more than 20 percent on Saturday after Ukraine and Russia signed two…
Egypt signs on $20 million initiative to manufacture smartphones locally

Egypt signs on $20 million initiative to manufacture smartphones locally

Egyptian Minister of Communications Amr Talaat conducted an inspection tour on Friday for the the new Vivo Telecom Technology Company…
Europe braces for a potential gas crisis as historic heatwave boosts demand

Europe braces for a potential gas crisis as historic heatwave boosts demand

London (CNN Business)Europe is bracing for the potential of a full-blown gas crisis later this week just as an historic heatwave has hiked demand…
Egypt can’t take on more fuel subsides amid soaring oil prices: minister

Egypt can’t take on more fuel subsides amid soaring oil prices: minister

Egyptian Finance Minister, Mohamed Maait announced Wednesday that the state’s budget cannot continue to bear the additional burden resulting from…
Egypt’s agricultural exports nears 4 million tons since beginning of year

Egypt’s agricultural exports nears 4 million tons since beginning of year

The Ministry of Agriculture and Land Reclamation said that the total agricultural exports during the period from the first of…
Photos: Egypt releases first Polymer banknotes 

Photos: Egypt releases first Polymer banknotes 

The Central Bank of Egypt has introduced the ten-pound denomination of plastic (polymer) notes, produced using the latest banknote production…
US dollar rises by 148 piasters in about a month against Egyptian pound

US dollar rises by 148 piasters in about a month against Egyptian pound

The price of the US dollar in Egypt witnessed an increase since June 5 until Sunday. According to the prices…
Russian ruble rises against the US dollar, hitting highest level since 2015

Russian ruble rises against the US dollar, hitting highest level since 2015

The Russian ruble rose against the US dollar, hitting its highest level since July 2015. This could raise the Russian…
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