CBE to consider cutting interest rates as inflation drops: Analysts

Thu, 09 Nov 2017 - 01:57 GMT

Egypt’s annual inflation dropped in October to 31.8 percent year-on-year.

Diageo buys George Clooney's tequila Casamigos for $1bn

Thu, 22 Jun 2017 - 05:11 GMT

Diageo, the British maker of alcoholic drinks, said Wednesday it had agreed to buy Casamigos, an upscale tequila brand co-founded by Hollywood star George Clooney, in a deal worth up to $1 billion.

Price of Saudi cigarettes doubles as first tax hits

Sun, 11 Jun 2017 - 02:30 GMT

The price of a pack of cigarettes doubled for Saudi Arabian smokers on Sunday under first-time tax measures to help the kingdom cope with a drop in oil revenues.

Egypt annual inflation eases for 1st time since flotation

Thu, 08 Jun 2017 - 10:16 GMT

Egypt’s annual urban inflation declined to 30.9 percent in May, compared to 32.06 percent by the end of April, state statistics body announced Thursday.