Standard Chartered hid huge Iran trade: NY
New York (AFP) — New York regulators accused Standard Chartered Bank of hiding $250 billion in transactions with Iranian banks for almost a decade in violation of US sanctions. Branding…
Clinton urges South Africa to take leading role
Pretoria , South Africa (AFP) — US Secretary of State Hillary Clinton on Tuesday called on South Africa, the continent's leading democracy, to play a more influential role in African…
Sinai event impedes tourism revival efforts
By Abdel Razaq El-Sheweikhy Tourism investors expressed fear that the terrorist attack in the Sinai will negatively impact tourism in Egypt, particularly in southern Sinai. They predicted that hotel reservations…
Pharmacists reject price cuts
By Basma Tharwat and Nourhan Yasser The Pharmacy Owners' Division (POD) of the Cairo Chamber of Commerce (CCC) has rejected a price modification resolution from the Ministry of Health. A…
State of the energy sector address by Petroleum Minister
By Ahmed Tolba In his first statement as Petroleum Minister, Osama Kamal has hinted that energy subsidies could be cut as part of measures to address shortages in Egypt. A…
Communications Ministry aims to extend high-speed internet to 75% of families by year’s end
By Mohamed Fawzi Several experts from the communications sector confirmed its stability, adding that its strategy moving forward will not see a dramatic change. They stressed, however, that the Ministry…
Minister of Industry: The economy is capable of overcoming the current stage
By Salah El-Monoufy Hatem Saleh, Minister of Industry and Foreign Trade, confirmed that the Egyptian economy is capable of overcoming the current stage, particularly because Egypt has a strong infrastructure,…
Exchange rate of USD reached a new peak
The price of U.S. dollars in Egyptian pounds reached record rates last Sunday. The exchange rate increased at exchange to EGP 6.07 for buying and 6.08 for selling for the…
The Arab African Bank launches e-business
By Islam Serour Capitalising on the internet boom in Egypt, the African Arab Bank (AAIB), in co-operation with Amadeus and Cloud Lock International, has announced the launching of a more…
Constitutional assembly continues deliberations
The committee is not done discussing the judicial branch and said it would ensure the independence of the judiciary
