OUSTA wins best technical project in the Arab world award for 2016
OUSTA, a company specialised in the transportation of individuals in passenger cars through a mobile application, has won the Salem Al-Ali Al-Sabah Informatics Award in its 16th edition, as the…
Pound flotation attracts foreign investors to EGX
Heads of financial institutions contend that these funds are high-risk
Egyptian pound to remain volatile for near future: JP Morgan
The sharp foreign exchange adjustment, fiscal reforms, and increase in energy prices will increase inflation toabove 30% by Q2 of 2017
Uber to give drivers daily bonus to face fuel price increase
Uber modified its driver payment system after the increase of fuel prices a few days ago. The company introduced a daily bonus to ensure the increase of the drivers’ daily…
US dollar at customs repriced daily according to average bank rates on day before: ECA
The Central Bank of Egypt (CBE) sets the US dollar price for customs tariffs on a daily basis at 3pm, based on the average exchange rates at banks, according to…
Clinton v Trump: how will the Middle East be affected under a new administration?
As Americans head to the poll on Tuesday to choose their next president, how will either affect the Middle East? Daily News Egypt takes a look at each candidate’s statements…
Al-Sisi meets with top security officials prior to potential 11/11 protests
Increases in the price of goods should be met with public confrontation, says spokesperson for protest movement
CBE raises price of US dollar to EGP 17.41 for buying, EGP 17.84 for selling
The US dollar exchange rate rose at the Central Bank of Egypt (CBE) on Tuesday—the sixth day following the Egyptian pound’s flotation—to EGP 17.417 for buying and EGP 17.8427 for…
‘Sinai Province’ intensifies kidnapping of civilians in North Sinai
More than 4 civilians have been kidnapped by IS-affiliated militants in less than a week, say residents