Local, foreign financial institutions offer to invest $887.7m in Egyptian T-Bills

Highest rate of interest on investment at 3.9%, lowest at 3.28%, averaging 3.392%

Hossam Mounir

Capital Economics expects Egypt to cut interest rates in September

Al-Tawfeek Leasing Company expects inflation rise due to expected price increases of fuel, gas, electricity

Nehal Samir

Electricity price hikes average 26%: Shaker

Electricity Ministry to add 25,000 MW capacity by end-2018

Mohamed Farag

World Cup 2018: Germany arrive in Russia as title defense begins in earnest

Four years after lifting the World Cup in Rio, Germany have touched down in Russia as they look to repeat the trick. But with their opening game just five days…

Deutsche Welle

On the ISS, ‘Astro Alex’ says he’s found he has space ‘muscle memory’

Alexander Gerst has said in a live-call event from the International Space Station that returning there proved surprisingly easy. Responding to a DW question, he said some of the processes…

Deutsche Welle

Tesla slashes 3,000 jobs in cost-cutting endeavor

US electric carmaker Tesla has announced it will cut about 9 percent of its global workforce to enhance profitability. CEO Elon Musk insisted that Model 3 production would not be…

Deutsche Welle

Germans worried about never-ending emissions-cheating scandal

German politicians and business leaders are increasingly worried about the long-term impact of the domestic carmakers' emissions-cheating scam. Dieselgate doesn't look like it's going to die down any time soon.A…

Deutsche Welle

Real Madrid announce Spain coach Julen Lopetegui will take top job after World Cup

Just two weeks after Zinedine Zidane stepped down, Julen Lopetegui has been named as his Real Madrid replacement. The current Spain coach will join the Champions League winners after the…

Deutsche Welle

Nobel literature scandal deepens as Jean-Claude Arnault is charged with rape

A Swedish state prosecutor has brought two charges of rape against the man at the center of a scandal that has forced the Swedish Academy to cancel the award of…

Deutsche Welle

Croation author Ivana Sajko wins International Literature Award

The major literary award for a work of fiction translated into German goes to a Croatian novel. Sajko's Love Story has been praised for revealing "the power and impotence" of…

Deutsche Welle