economy

Egypt sets customs exchange rate at LE16 per US dollar for January
Business

Egypt sets customs exchange rate at LE16 per US dollar for January

Egypt’s customs exchange rate will continue to be fixed at LE16 per dollar starting from Monday, January 1, 2018, until…
Recession hits Egypt’s gold market
Business

Recession hits Egypt’s gold market

The gold price climbed LE7 domestically on Saturday, driven by global price hikes, amid a state of unprecedented stagnation on…
Egypt exports to Turkey up 44% in 10 months: ministry
Business

Egypt exports to Turkey up 44% in 10 months: ministry

Egypt Trade and Industry Minister Tariq Qabil said on Saturday that Egyptian exports to Turkey significantly increased between January and…
Union of Egyptian flight attendants slams MP overy body-shaming remarks
Egypt

Union of Egyptian flight attendants slams MP overy body-shaming remarks

The Union of Egyptian Flight Attendants on Monday angrily responded to remarks by an MP criticising the weight and age…
Tax-free no more: Saudi Arabia, UAE to roll out VAT in 2018
Middle East

Tax-free no more: Saudi Arabia, UAE to roll out VAT in 2018

Saudi Arabia and the United Arab Emirates, which have long lured foreign workers with the promise of a tax-free lifestyle,…
Sudan to devalue pound currency to 18 per dollar in January: Sudan Finance Minister
World

Sudan to devalue pound currency to 18 per dollar in January: Sudan Finance Minister

Sudan is to devalue its currency to 18 Sudanese pounds per dollar in January from the current exchange rate of…
Third IMF loan installment will bridge funding gap: CBE source
Economy

Third IMF loan installment will bridge funding gap: CBE source

The third tranche of the International Monetary Fund (IMF) loan worth $2 billion will be used to support the state…
Hilton to add 1000 extra rooms in Egypt in 2018
Economy

Hilton to add 1000 extra rooms in Egypt in 2018

Hilton Worldwide is planning to add 1000 more rooms to the number of existing rooms it manages in Egypt by…
China, UK vow to continue, strengthen economic, financial cooperation
World

China, UK vow to continue, strengthen economic, financial cooperation

China and the United Kingdom vowed to continue and strengthen cooperation on a wide range of economic, financial and trade…
Middle-class Egypt adapts to survive as austerity bites
Egypt

Middle-class Egypt adapts to survive as austerity bites

Swapping new cars for cheaper models, cutting back on pricy supermarket shopping and giving up holidays abroad, middle-class Egyptians are…
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