Egypt

In largest deal since 2011, exchange company sells US$2.5 million to NBE
Business

In largest deal since 2011, exchange company sells US$2.5 million to NBE

Egyptian Exchange Company and state-run National Bank of Egypt (NBE) struck the largest foreign currency deal in the local market…
To curb hiking prices, pharmacists call for drugs with generic names
Egypt

To curb hiking prices, pharmacists call for drugs with generic names

The head of the Egyptian Pharmacists Syndicate, Mohie Ebaid on Thursday launched an initiative calling on national pharmaceutical companies to…
Egypt projects LE100 billion investments in industry by 2020
Business

Egypt projects LE100 billion investments in industry by 2020

Egypt’s Industry Ministry on Saturday declared its strategy to promote industrial development and foreign trade, targeting to double the rate…
Egypt imposes big security clampdown, protests fail to materialize
Egypt

Egypt imposes big security clampdown, protests fail to materialize

Egypt imposed a big security clampdown in its cities on Friday, as mass demonstrations to protest against austerity measures failed…
IMF bailout for Egypt seeks major reduction in public debt
Business

IMF bailout for Egypt seeks major reduction in public debt

The International Monetary Fund said on Friday that its $12 billion bailout program for Egypt aims to reduce the country's…
IMF board approves Egypt’s $12 billion loan agreement, $2.75 billion disbursed
Egypt

IMF board approves Egypt’s $12 billion loan agreement, $2.75 billion disbursed

Egypt won International Monetary Fund approval on Friday for a three-year, $12 billion bailout program aimed at reviving a struggling…
Thomas Cook to operate 36 flights weekly to Egypt – Tourism Minister
Business

Thomas Cook to operate 36 flights weekly to Egypt – Tourism Minister

Thomas Cook airlines will increase its flights to Egypt this winter, Tourism Minister Yehia Rashed said, adding that it is…
Detained MB members not included in presidential pardon: MP
Egypt

Detained MB members not included in presidential pardon: MP

The presidential committee that checks the cases of detainees confirmed that the final list will not include Muslim Brotherhood members,…
Cairo Airport obtains ISO certificates in environmental and occupational health
Egypt

Cairo Airport obtains ISO certificates in environmental and occupational health

The multinational company SGS, which provides ISO certificates, concluded the final inspection of Cairo Airport ahead of providing it with…
Egypt currency floatation drives up budget deficit
Business

Egypt currency floatation drives up budget deficit

The decision to float the Egyptian pound caused confusion and revealed flaws in government estimates, which led, in preliminary indicators,…
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