Dollar shortage caused an inflationary recession in Egyptian local market
The US dollar shortage has stimulated price hikes in the Egyptian market, creating poor economic conditions that…
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Egypt’s Ministry of aviation grants permission for more low-cost internal flights
The Civil Aviation Ministry has granted permission for several local airlines to provide cheap flights between…
Egypt’s purchases of local wheat hit 4.711 mln tonnes
Egypt's government has bought 4.711 million tonnes of local wheat since the start of the season on April 15, the…
Local wheat buying at 4.464 million tonnes in Egypt
Egypt's government has bought 4.464 million tonnes of local wheat since the start of the season on April 15, the…
Dollar supported by U.S. rate view, Aussie jumps
The dollar hovered near its highest level in two months against a basket of currencies on Tuesday on growing…
Supply ministry purchases 20,000 tonnes of rice to face Egypt’s deficit
Egyptian Ministry of Supply signed contracts of purchasing 20,000 tonnes of local rice recently to be injected into…
Citigroup, U.S. Bancorp exit money-losing Brazil card venture
Citigroup Inc and U.S. Bancorp have agreed to sell Brazilian card payment processing joint venture Elavon do Brasil…
France eyes partaking in Egypt’s new capital city project
A delegation of French businessmen and representatives of companies operating in construction, financial…
Indian temple fire kills nearly 80, triggered by fireworks display
A huge fire swept through a temple in India's southern Kerala state early on Sunday, killing nearly 80 people and…
Egypt’s banks pumped US$225mn among CBE’s mortgage initiative in 2 years
Egypt’s local banks injected 2 billion Egyptian pounds (US$225 million) in favour of the central bank's low-income…
