Foreigners’ investments in Egyptian treasury bills increased to EGP 10.2bn following pound’s flotation: Al-Nozihy
Banks acquired 76.4% of the total outstanding balances of bills by the end of November 2016
Tax cuts, more spending to boost India recovery after cash crisis
Months after India's PM Narendra Modi shocked the nation with an abrupt high-value banknote ban, hitting the country's economic growth, the government has announced a plethora of sops to ease…
How Paris’ 100-million-euro art heist happened
It was the art heist of the century. Lax security at Paris' Museum of Modern Art led to a massive theft in 2010. As the alleged thief stands trial, an…
2.4% growth in Vodafone revenues during Q2 of 2016
The value of the company’s revenues in Egypt in H1 of FY 2016/2017 was €796m
Increase of EGP 38.4bn in total credit facilities granted by banks to customers from July to October: CBE
The private sector acquires 59.6% of total credit facilities
Egyptian pound’s value drops by 98% since 1979
According to data collected from the International Monetary Fund (IMF), Bloomberg, and Beltone research, the Egyptian pound lost a lot of its value during the past four decades. Since 1979,…
Siemens connects 4,800 MW to national electricity grid
An important addition to the government's strategy to achieve efficiency in the energy system, says Shaker
Exports increased after Egyptian pound’s flotation: Minister of Industry and Trade
Minister of Industry and Trade Tarek Kabil said that the flotation of the Egyptian pound has helped promote the country's exports and limit its imports, according to a statement issued…
Giza Criminal Court hands death penalty to 2 members of Al-Warraq terrorist cell
The court also sentenced two other members to five years in prison and acquitted one defendant
Egypt launches initiative encouraging citizens abroad to increase remittances
Egypt's ambassador to Riyadh announced the initiative during a celebration to commemorate the sixth anniversary of the 25 January Revolution