economy
Italy warns of disaster if Europe rejects its budget: paper
Business
October 23, 2016
Italy warns of disaster if Europe rejects its budget: paper
Italy's economy minister said on Sunday the European Union must choose between allowing Rome to raise its deficit to cope…
Britain’s banks to reveal solid third-quarter results, warn of Brexit storm ahead
Business
October 23, 2016
Britain’s banks to reveal solid third-quarter results, warn of Brexit storm ahead
Britain's major banks are set to report stronger-than-expected results this week, confounding expectations that political and economic upheaval caused by…
Egypt’s annual inflation drops to 14.6% in September: CAPMAS
Business
October 10, 2016
Egypt’s annual inflation drops to 14.6% in September: CAPMAS
Egypt's annual inflation rate dropped to 14.6 percent in September down from 16.4 percent in August, the state statistics agency…
Egypt to boost subsidies on household goods to balance currency devaluation
Egypt
October 4, 2016
Egypt to boost subsidies on household goods to balance currency devaluation
The Egyptian government is planning to increase subsidies on household goods to prevent soaring prices resulting from an imminent currency…
100 days after Brexit vote: No meltdown (yet)
Business
October 2, 2016
100 days after Brexit vote: No meltdown (yet)
Britain voted 100 days ago to leave the European Union, but the U.K. economy appears to be humming along nicely…
German government believes Trump would ravage U.S. economy: Spiegel
Business
October 1, 2016
German government believes Trump would ravage U.S. economy: Spiegel
Germany's economy ministry believes a Donald Trump presidency would severely damage the U.S.
US dollar hits LE13.10 on black market after Sisi’s speech
Business
September 28, 2016
US dollar hits LE13.10 on black market after Sisi’s speech
Foreign exchange traders working on Egypt's black market said the price of the US dollar jumped to more than LE13…
Sisi launches ‘spare change’ initiative to fund national projects
Egypt
September 27, 2016
Sisi launches ‘spare change’ initiative to fund national projects
Egyptian President Abdel Fattah al-Sisi has announced his third major initiative to support the Egyptian economy by directing money from…
Egypt, India to discuss mega projects, medical city
Business
August 31, 2016
Egypt, India to discuss mega projects, medical city
President Abdel Fattah al-Sisi begins a three-day visit to New Delhi on September 1 for talks with Prime Minister Narendra…
Welspun scandal follows years of plummeting Egyptian cotton output
Business
August 26, 2016
Welspun scandal follows years of plummeting Egyptian cotton output
A scandal involving the alleged sale of falsely labeled Egyptian cotton products by an Indian textile manufacturer to U.S.