French bank SocGen agrees with US to pay $1 billion in penalties over bribery, manipulation
France’s second-biggest bank Societe Generale has agreed with the US to pay penalties exceeding $1 billion to settle allegations it bribed officials in Libya, and manipulated the Libor interest rate…
Early Van Gogh landscape sold in Paris auction for record €7 million
The early oil painting by Vincent van Gogh is to be displayed in Brussels and New York following its sale to a buyer in North America. 'Fishing net menders in…
High Five: 5 unusual party locations
Dancing in a disco, boozing in a bar? How boring! Nowadays, partygoers aren't satisfied with just any old party at your standard locale. They want to celebrate whenever they want,…
181.6 % increase in Egyptian cotton exports in Q2 2017/2018
The Central Agency for Public Mobilisation and Statistics (CAPMAS) issued its quarterly bulletin on cotton for the second quarter (December to February) of the agricultural season 2017/2018. The total amount…
Parliament committee recommends removing MP Khaled Bishr over EGP 45m dishonoured cheques to UBE
Parliament’s legislative and constitutional affairs committee, headed by Bahaa Abu Shoqa, concluded that the judicial verdicts against Khaled Bishr, a parliament member from Sharqeyah, have led him to lose trust…
Killing of female medical worker sparks outrage in Palestine
Razan Al-Najjar was killed on Friday as she was attending to patients
Petroleum Ministry accepts instalments for natural gas supply to 684,000 households for six years
The Ministry of Petroleum and Mineral Resources approved an instalments system for natural gas deliveries to 684,000 customers across Egypt for a period of up to six years. Minister of…
Global warming could be limited to 1.5 degrees Celsius by changing consumption behaviours: study
The ability to enjoy a high standard of living without a drastic increase in global energy consumption should be available to everyone. A new study published on Monday in Nature…
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,…
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
