business

CBE warns against Bitcoin transactions
Egypt

CBE warns against Bitcoin transactions

The Central Bank of Egypt (CBE) warned against using virtual currencies, namely Bitcoin, due to the high risks involved, describing…
Mideast Money: Surge in foreign fund inflows sets stage for Egyptian boom
Egypt

Mideast Money: Surge in foreign fund inflows sets stage for Egyptian boom

Encouraged by Egypt’s economic reforms, a major gas find, streamlined business rules and a devalued currency, investors are increasingly optimistic…
Euro zone economy’s growth best in nearly seven years, PMIs suggest
World

Euro zone economy’s growth best in nearly seven years, PMIs suggest

The euro zone economy closed out the year with the strongest growth in nearly seven years, driven by accelerating services…
Disney is buying most of 21st Century Fox for $52.4 billion
World

Disney is buying most of 21st Century Fox for $52.4 billion

Disney is buying a huge chunk of 21st Century Fox in a deal that promises to reshape the media industry…
10 richest Arabs of 2017: Forbes
Economy

10 richest Arabs of 2017: Forbes

Forbes Magazine published on Tuesday a list of the richest 10 people in the Arab world. The UAE had the lion’s…
Forbes celebrates 100-year anniversary by honoring Egyptian business innovators
Features/Interviews

Forbes celebrates 100-year anniversary by honoring Egyptian business innovators

Gathered in the luxurious setting of the Nile Ritz-Carlton Hotel sat some of the most brilliant minds in Egypt; upon…
UK embassy launches EGP 47 million startup initiative ‘StartEgypt’
Business

UK embassy launches EGP 47 million startup initiative ‘StartEgypt’

The British embassy in conjunction with the International Finance Corporation launched on Thursday an initiative for start-ups worth EGP 47…
Egypt’s debt up to LE 3.7 trillion: finance minister
Economy

Egypt’s debt up to LE 3.7 trillion: finance minister

Egypt’s Minister of Finance Amr El-Garhy said on Tuesday that the country’s internal and external debt totalled LE 3.7 trillion…
Egypt court ruling to reinstate ergot ban in wheat imports: lawyer
Economy

Egypt court ruling to reinstate ergot ban in wheat imports: lawyer

An Egyptian court on Tuesday effectively reinstated a ban on wheat imports containing even trace levels of the common grain…
Egypt, Saudi Arabia sign LE 250 mln deal to finance entrepreneurship, ride sharing projects
Egypt

Egypt, Saudi Arabia sign LE 250 mln deal to finance entrepreneurship, ride sharing projects

Egypt and Saudi Arabia signed on Friday two agreements with a total value of LE 250 million to finance Egyptian entrepreneurship…
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