Chinese glut slows global smartphone sales
The world's biggest market for the devices has 'reached saturation,' a new report shows, as the number of first-time buyers shrinks. Despite a spike in emerging markets, the Chinese slowdown…
Government widens exempted tranche of tax income
Economic expert and advisor to the Minister of Planning Abdel Fattah El-Gebaly said the move will increase the net income of employees, noting that it curbs inflation on the long-term
Government issues decree to establish General Authority of Economic Zone of Suez Canal
The authority will own state-owned lands and establishments in the zone. According to the law, the authority’s chairman of the board of directors must submit an annual report to the…
Hottest July ever, US scientists say
Amid fears about the speed of climate change, scientists say July was the warmest in 135 years. This year is likely to be the hottest year since records began, surpassing…
Kidnapping of Palestinians in Sinai cannot be evaded: Hamas movement
Four Palestinians were reportedly abducted on their way from Gaza to Cairo through the Rafah border crossing
Finance Ministry to issue commemorative currency for New Suez Canal
It will be available to the public by end of August
SODIC’s 1H net profit hikes 25%
SODIC delivered 274 units across 8 projects in the first half of 2015, compared to 223 units in the same period last year
Stocks of Safwan Thabet frozen, Abderdeen increases stakes in Juhayna
Stock market’s main index EGX-30 dropped by 0.94%, registering at 7172.6 points