economy
South Korea plans to ban cryptocurrency trading, rattles market
World
January 11, 2018
South Korea plans to ban cryptocurrency trading, rattles market
South Korea’s government said on Thursday it plans to ban cryptocurrency trading, sending bitcoin prices plummeting and throwing the virtual…
Annual inflation rate declines by 0.2%, lowest since November 2015: CAPMAS
Egypt
January 11, 2018
Annual inflation rate declines by 0.2%, lowest since November 2015: CAPMAS
The Central Agency for Public Mobilization and Statistics (CAPMAS) stated on Wednesday that the annual inflation rate declined by 0.2…
Brexit caused 37 percent fall in new London financial jobs in December – report
World
January 11, 2018
Brexit caused 37 percent fall in new London financial jobs in December – report
Britain’s forthcoming exit from the European Union was the main reason for a 37 percent decline in new jobs available…
Egypt’s growth rate expected at 4.5% in 2018: WB
Economy
January 10, 2018
Egypt’s growth rate expected at 4.5% in 2018: WB
The growth rate of Egypt’s economy is expected to reach 4.5 percent in FY 2018 as ongoing reforms and improved…
Egypt, Tunisia, and Turkey expect to see jump in British tourist arrivals in 2018: report
Egypt
January 8, 2018
Egypt, Tunisia, and Turkey expect to see jump in British tourist arrivals in 2018: report
Egypt, Tunisia, and Turkey are expected to see a jump in British tourist arrivals this year, after several years of…
Mideast Money: Surge in foreign fund inflows sets stage for Egyptian boom
Egypt
January 8, 2018
Mideast Money: Surge in foreign fund inflows sets stage for Egyptian boom
Encouraged by Egypt’s economic reforms, a major gas find, streamlined business rules and a devalued currency, investors are increasingly optimistic…
Russia resumes passenger flights to Cairo after 2-year suspension
Egypt
January 6, 2018
Russia resumes passenger flights to Cairo after 2-year suspension
Russian President Vladimir Putin approved the resumption of regular air traffic between Moscow and Cairo after a two-year suspension, state-run…
Skepticism in Gilgit-Baltistan over China-Pakistan Economic Corridor
World
January 3, 2018
Skepticism in Gilgit-Baltistan over China-Pakistan Economic Corridor
The China-Pakistan Economic Corridor initiative created euphoria in Pakistan, but in Gilgit-Baltistan, a disputed northern region, the locals are concerned…
Egypt 2017 trade deficit falls 26% year on year: Trade Ministry
Egypt
January 2, 2018
Egypt 2017 trade deficit falls 26% year on year: Trade Ministry
Egypt’s 2017 trade deficit fell 26 percent year on year by $12 billion, the trade ministry said on Monday. Imports…
Egypt sets customs exchange rate at LE16 per US dollar for January
Business
December 31, 2017
Egypt sets customs exchange rate at LE16 per US dollar for January
Egypt’s customs exchange rate will continue to be fixed at LE16 per dollar starting from Monday, January 1, 2018, until…