business

Egypt investments in UAE jump to $826m: official
Economy

Egypt investments in UAE jump to $826m: official

Ahmed Al Wakil, Chairman of the Federation of the Egyptian Chambers of Commerce, said that Egyptian investments have grown in…
Steel tycoon Ahmed Ezz to pay LE 1.8 billion in reconciliation deal with Egypt
Egypt

Steel tycoon Ahmed Ezz to pay LE 1.8 billion in reconciliation deal with Egypt

Business tycoon Ahmed Ezz is expected to pay LE 1.8 billion, of which LE 600,000 million were recovered from his…
Egypt among top 5 African banking markets in terms of growth, profitability: McKinsey report
Business

Egypt among top 5 African banking markets in terms of growth, profitability: McKinsey report

Egypt is among the top five banking markets in Africa in terms of growth and profitability, according to a study by…
Egypt becomes largest importer of Russian goods: RT
Business

Egypt becomes largest importer of Russian goods: RT

Statistics from the Russian Export Center revealed that Egypt has surpassed China as the largest purchaser of Russian products, importing…
Indian investments in Egypt reach $3bn: Indian Ambassador
Business

Indian investments in Egypt reach $3bn: Indian Ambassador

  India’s Ambassador to Egypt, Sanjay Bhattacharyya, stated on Wednesday that the value of the Indian economy soared to $2.5…
AUC reveals plan for a cashless community, introduces AUC Coin
Business

AUC reveals plan for a cashless community, introduces AUC Coin

The American University in Cairo (AUC) announced earlier this week it will be taking its first step to transform its…
Egypt to host first FinTech conference this week to revolutionize economy
Economy

Egypt to host first FinTech conference this week to revolutionize economy

Aiming to endorse the use of financial technology applications in Egypt for efficient and cheaper financial services, Egypt is hosting the…
Egypt sees growth for FY 2018-19 at 5.8 percent -minister
Economy

Egypt sees growth for FY 2018-19 at 5.8 percent -minister

Egypt is targeting economic growth of 5.8 percent in the financial year that will begin in July, Planning Minister Hala…
Euro holds three-year highs as dollar weakens further
Business

Euro holds three-year highs as dollar weakens further

The euro held at three-year highs against the dollar on Monday after last week’s surge, its rise fueled by growing…
South Korea plans to ban cryptocurrency trading, rattles market
World

South Korea plans to ban cryptocurrency trading, rattles market

South Korea’s government said on Thursday it plans to ban cryptocurrency trading, sending bitcoin prices plummeting and throwing the virtual…
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