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Fed rate cuts contradictory statement causes market confusion – Daily News Egypt

On Friday, Wall Street’s main indexes moved lower, on the back of some reports that the Federal Reserve...

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Oil prices slightly regain ground, Brent reaches $64.93 per barrel – Daily News Egypt

Oil prices on Wednesday regained a little ground lost in the previous session, weighed down by industry data...

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MENA M&A transactions records $112bn in H1 of 2019 – Daily News Egypt

The Middle East and North Africa’s (MENA) mergers and acquisitions (M&A) transactions reached an all-time high of $112bn...

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Egypt expresses concern over Turkish illegal drilling in Cyprus’ economic zone – Daily News Egypt

The Egyptian Foreign Ministry expressed concern over illegal drilling activities by Turkey in Cyprus’ special economic zone, the...

Eyes of world are turned to Africa as AfCFTA comes into effect: Al-Sisi – Daily News Egypt

“The eyes of the world are turned to Africa,” Egyptian President and African Union Chairperson Abdel Fattah Al-Sisi...

As Egypt’s reforms almost come to an end, Deutsche Bank foresees growth picking 5.9% in FY 20, EGP, private consumption strengthening – Daily News Egypt

Throughout the past four years, Egypt has been through tough, but necessary economic reforms, undertaken by the authorities...

Egypt slash fuel subsidies, raising petrol and diesel prices by 25% – Daily News Egypt

The Egyptian authorities decided to go ahead with hikes to subsidised government-set fuel prices on Friday, lifting petrol...

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E-commerce sales in Egypt grew by over 150%, mobile purchases make over 1/3 in 2018: Admitad – Daily News Egypt

The e-commerce market is expected to grow rapidly, on the back of Egypt’s number of online users, giving...

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Parliament approves Egypt’s largest-ever budget of EGP 1.6tn for FY20 – Daily News Egypt

The Egyptian Parliament approved on Monday the country’s largest-ever budget of EGP 1.6tn for fiscal year (FY) 2019/20....

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Facebook reveals own ‘Libra’ cryptocurrency in bid to move into e-payments – Daily News Egypt

Social media giant Facebook Inc announced on Tuesday plans to launch a new cryptocurrency called Libra, scheduled for...