FX reserves continue north, scoring $44.14bn end-May

The foreign exchange (FX) reserves balance at the Central Bank of Egypt (CBE) continued to rise during May 2018 to reach $44.14bn, up from $44.03bn at the end of April,…

Hossam Mounir

EBRD to agree on new funding for Cairo metro line 2 with Transportation Ministry

Agreement will ‘hopefully’ be finalised in next several weeks, says managing director

Hagar Omran

Jordan PM resigns amid demonstrations over income tax, price hikes

King Abdullah II summons PM in response to protesters’ demands of toppling government

Fatma Lotfi

Trade exchange between Egypt, world at $42.86bn from July-December 2017: CBE

Imports at $30.8bn, exports score $12.05bn in last 6 months of 2017

Hossam Mounir

Sterling and Wilson to complete four solar power plants next year

Company in partnership with Elsewedy, Taqa Fas, others

Daily News Egypt

25 companies buy prospectus for Zaafarana solar power plant tender

List includes Infinity, PowerChina, Sterling and Wilson, Elsewedy

Daily News Egypt

Output from Iraq’s Siba gas field begins with 25-30m cubic feet per day

Production operations from Siba gas field in Iraq, which the General Petroleum Corporation (GPC) owns 15% of, began a few days ago. An official at the GPC told Daily News…

Daily News Egypt

EGP 625m electricity stolen in five months

The sum collected by electricity distribution companies for theft of electric currents and cables reached EGP 625m from the beginning of the year through May. Sources at the Ministry of…

Mohamed Farag

FAO launches $2.3 programme to reduce losses of tomatoes, grapes: FAO representative

Organisation cooperated with Supply Ministry to reduce losses of imported wheat, says Gadain

Nehal Samir

French Open: Angelique Kerber and Rafael Nadal into quarterfinals

Angelique Kerber has reached the last eight at Roland Garros for the first time in six years, while Rafael Nadal has joined Alexander Zverev in the men's quarterfinal. Elsewhere, Serena…

Deutsche Welle