IMF
Egypt to receive $1.25 billion IMF loan
Business
July 14, 2017
Egypt to receive $1.25 billion IMF loan
Egypt is to receive a second loan installment worth $1.25 billion from the International Monetary Fund on Thursday night or…
Egypt to halt flour subsidy, cut wheat imports up to 10%
Egypt
July 13, 2017
Egypt to halt flour subsidy, cut wheat imports up to 10%
Egypt, the world’s largest wheat buyer, will stop subsidizing flour for its sweeping bread subsidy program next month in a…
Venezuela marks 100 days of unrest, at a glance
World
July 9, 2017
Venezuela marks 100 days of unrest, at a glance
Anti-government protests in Venezuela hit the symbolic mark of 100 days on Sunday with a grim record of at least…
Egypt’s foreign reserves rose by $180 million in June: CBE
Business
July 5, 2017
Egypt’s foreign reserves rose by $180 million in June: CBE
The Central Bank of Egypt (CBE) announced that the country’s foreign reserves rose by $180 million in June, an increase…
Following two waves of fuel hikes, Egypt’s middle-class succumb to austerity
Features/Interviews
July 5, 2017
Following two waves of fuel hikes, Egypt’s middle-class succumb to austerity
Omar Abdel Sattar has been navigating Cairo’s heavily jammed streets to attend business meetings ever since he started his job at a…
Walt Disney lifts ban on merchandise produced in Egypt: Trade minister
Egypt
July 3, 2017
Walt Disney lifts ban on merchandise produced in Egypt: Trade minister
After four months of negotiations with Egyptian officials, Walt Disney Company has decided to lift the ban it placed on…
Sisi announces 7 measures aimed at easing economic hardship
Egypt
June 21, 2017
Sisi announces 7 measures aimed at easing economic hardship
Egypt is set to carry out numerous measures to “ease the burdens of the average Egyptian citizen,” President Abdel Fattah…
Egypt’s inflation falls for first time since currency float
Economy
June 8, 2017
Egypt’s inflation falls for first time since currency float
Egypt’s annual consumer price inflation fell to 30.9 percent in May, compared to 32.9 percent in April, the Central Agency…
Tunisia protesters close oil pumping station after army standoff
Middle East
May 21, 2017
Tunisia protesters close oil pumping station after army standoff
Tunisian protesters shut an oil pumping station that feeds a coastal terminal on Saturday after a standoff with troops, escalating…
US dollar bond yields jump in Egypt: Bloomberg
Business
May 8, 2017
US dollar bond yields jump in Egypt: Bloomberg
The US dollar bond yields in Egypt have jumped this year, causing the cost of borrowing to reach its lowest…