Egypt
In largest deal since 2011, exchange company sells US$2.5 million to NBE
Business
November 12, 2016
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
November 12, 2016
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
November 12, 2016
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
November 12, 2016
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
November 12, 2016
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
November 12, 2016
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
November 10, 2016
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
November 10, 2016
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
November 9, 2016
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
November 9, 2016
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,…