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Economy

Egypt says close to securing 3-year IMF loan programme

Egypt said on Tuesday it was close to agreeing a lending programme with the International Monetary Fund (IMF) to ease ...

Wealthiest 10% in Egypt responsible for 25% of spending: CAPMAS

The 2015 Household Income, Expenditure and Consumption Survey (HIECS) showed that the poorest 10 percent are responsible for only 4 percent of the total expenditure in Egypt

Twitter influencers in Egypt drive consumer attitudes, product sales: Study

The new study suggests that endorsement of brands by 'influencers' and celebrities has great power in product marketing

Egypt parliament approves a new civil service law

The Egyptian parliament approved a new civil service law on Monday, deciding to refer it to the State Council to be revised in legislative and constitutional terms

Egyptians in second place among Arab investors in Dubai real estate market

Egyptians registered second place among Arab investors in Dubai’s real estate market with AED 1.37 billion ($370 ...

Egypt govt appeals decision overturning freeze on footballer Abou-Treika's assets

An Egyptian legal body that acts on behalf of the government has appealed a court ruling that overturned a decision to ...

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Yields rise at Egypt's Thursday T-bill auction

Yields on Egypt's six-month and one-year treasury bills rose at Thursday's auction, data from the central bank ...

Brexit to drag on global growth through 2017, IMF says

The uncertainty created by Britain's vote to leave the European Union will slow the global economy into next year, ...

'Pokemon Go' doubles Nintendo's stock price and market cap

The stock price of Japanese game maker Nintendo Co. has more than doubled since the launch of the wildly popular augmented ...

No extra tax to be imposed on fuel: Egypt's Cabinet

The new value-added tax (VAT) bill, which has yet to be presented to parliament, does not impose any new VATs on fuel, ...

Five- and 10-year yields rise at Egyptian bond auction

Yields on Egypt's five-year and 10-year bonds rose at an auction on Monday. The average yield on the five-year ...

Yields rise at Egypt T-bill auction

Yields on Egypt's three-month and nine-month treasury bills rose at Sunday's auction, data from the central bank ...

EgyptAir, GE sign TrueChoice agreement for maintenance consulting

EgyptAir has signed a TrueChoice Materials Agreement with General Electric for maintenance, repair and overhaul consulting ...

Half of top emerging markets 'junk' after wave of downgrades: S&P;

Half of the world's top emerging market sovereigns are now rated below investment grade following this year's ...