SICO Bahrain forecast the company would make a net profit of 2.21 billion dirhams. Abu Dhabi-listed Etisalat reported annual profit for 2017 of 8.44 billion dirhams, up from 8.42 billion dirhams in the year earlier. more

... that still meant it spent $76.7bn on its armed forces last year, which was far higher than any other country in the region and indeed the third largest military budget in the world after the US and China. more

Egypt's central bank is likely to start a gradual easing of monetary policy in its meeting on Thursday, a Reuters poll showed on Tuesday, as inflation hit its lowest level since the country floated its currency. more

The US dollar exchange rate witnessed an increase on Tuesday with an average of LE17.61 against Egyptian pound during the bank dealings. more

Last Sunday, before last week's massive volatility in global equity and U.S. Treasury markets, Garhy said Egypt expected to issue U.S. more

According to Refaie, police forces are conducting combing operation in all residential areas in Central and North Sinai, setting up checkpoints on local roads in cooperation with armed forces. more

A customer counts his Egyptian 50 pound notes at an exchange office in downtown Cairo, Egypt, April 19, 2016. REUTERS/Amr Abdallah Dalsh. Cairo - Asharq Al-Awsat. Egypt's non-oil private sector business activity stabilized in January after a slump the previous month, with an overall positive outlook thanks to tough economic reforms, a survey showed. Emirates NBD's Egypt Purchasing Manager's Index rose to 49.9 from 48.3 in December. “While Egypt's headline PMI reading remained just shy of the 50.0 ... more

The US dollar exchange rates witnessed slight decline against the Egyptian pound during dealings on Thursday. According to the last pricing updates, US dollar prices declined by two piasters, recording LE 17.65 for purchase and LE 17.75 for sale, in ... more