Egypt
IMF chief to recommend $12 bn Egypt loan approval
Egypt
November 9, 2016
IMF chief to recommend $12 bn Egypt loan approval
IMF chief Christine Lagarde said Tuesday she will recommend the institution approve a US$12 billion loan for Egypt when the…
Silver lining for Egypt’s tourism this winter
Egypt
November 8, 2016
Silver lining for Egypt’s tourism this winter
As the winter begins, the tourism sector in Egypt flourished slightly in some cities, including Hurgada, Sharm El-Sheikh, Luxor, Alexandria…
Red Sea islands transfer to Saudi Arabia nullified again
Egypt
November 8, 2016
Red Sea islands transfer to Saudi Arabia nullified again
Egypt's Administrative Court on Tuesday upheld an earlier ruling nullifying an agreement between Egypt and Saudi Arabia that placed the…
Egyptian troops in Jordan to take part in Aqaba 2016 training
Egypt
November 8, 2016
Egyptian troops in Jordan to take part in Aqaba 2016 training
Egyptian ground and naval troops as well as special forces arrived Monday in Jordan to take part in a joint…
More measures for lifting fuel subsidies, Petroleum Minister
Egypt
November 7, 2016
More measures for lifting fuel subsidies, Petroleum Minister
Egypt's Petroleum Minister Tarek El Molla said that total subsidies for petroleum products reached LE64 billion as a result of…
US dollar at over LE17
Egypt
November 7, 2016
US dollar at over LE17
The US dollar price jumped on Monday to a new level amid concerns that this state of confusion, which began…
Lawyer files lawsuit to cancel floating of Egyptian pound
Business
November 7, 2016
Lawyer files lawsuit to cancel floating of Egyptian pound
Lawyer Ali Ayyub filed a lawsuit on Sunday at the State Council to demand canceling of the decision by Central…
Saudi’s Savola says faces 171 mln riyal Q4 hit from Egypt pound float
Business
November 7, 2016
Saudi’s Savola says faces 171 mln riyal Q4 hit from Egypt pound float
Saudi Arabia's Savola Group , the country's largest food products company, said on Monday that the floatation of the Egyptian…
Justice Ministry could supervise presidential committee on releasing detainees – Sources
Egypt
November 7, 2016
Justice Ministry could supervise presidential committee on releasing detainees – Sources
Informed sources have referred to a legal crisis facing the presidential committee tasked with checking cases of the detained youth,…
Saudi Aramco halts petroleum product shipments to Egypt until further notice
Business
November 7, 2016
Saudi Aramco halts petroleum product shipments to Egypt until further notice
National oil firm Saudi Aramco informed Egyptian authorities that it would halt shipments of petroleum products to Egypt "until further…