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Egypt says Dubai trader failed to deliver on contracted wheat shipments
Dubai-based trader AOS, a leading supplier of wheat to Egypt, has failed to deliver two of its cargoes.
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$6.9bn trade exchange between Egypt, Eurasian Economic Community in 2017
The EAEC includes Russia, Belarus, Kazakhstan, Armenia, and Kyrgyzstan.
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Egypt's Banque Misr hires Citi for $500 million loan
Misr's debt facility follows a $600 million loan being syndicated among banks for National Bank of Egypt, the country's largest lender.
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Egypt launches fashion and design council
Fatma Ghaly, Marie-Louis Bishara, Abdelmalek shamsi and Paul Antaki are among the founding members.
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Vodafone Egypt's earnings decline 49%
In its fiscal year that ended in March 2018, Vodafone Egypt achieved revenues of EGP 19.6bn or €927m.
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FRA launches 1st electronic platform for insurance
In a statement, Omran said the electronic platform is the first step in establishing the first integrated database for various insurance activities.
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Special File: The Business of Beauty
Globally, the beauty industry is estimated at $444 billion; and in 2017 alone, Egypt has imported LE 3 billion worth of cosmetics.
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Central Bank of Egypt expected to keep interest rates unchanged
The Central Bank's Monetary Policy Committee is set to meet on Thursday to decide on interest rates.
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Egypt's FRA introduces more amendments to statute of capital market law
Under the new amendments, the authority should first approve any acquisition of one third of shares of any company.
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Egypt's baby boom needs a pumped-up economy, El-Sisi says
Identifying population growth as one the biggest challenges, El-Sisi acknowledged the state had failed to persuade people to rein in birth rates.
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PHD picks up Huawei’s media mandate In Egypt
The pitch was triggered by Huawei’s ambition to provide innovative solutions for the Egyptian market and the need for a partner with strategic vision.
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Russia hails security ties with Egypt, promises more flights
Russia's foreign minister says close cooperation with Egypt on security issues will help restore a direct air link to Egypt's Red Sea resorts.
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New public spending law on the way
The law aims to regulate government spending by optimizing the way tenders are regulated and won by the government.
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Egypt raises metro fare as part of austerity measures
Prices will now be affected by the number of stations commuters travel. For example, a round trip of more than 16 stations would cost 14 pounds.
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Singapore, Serbia, Norway envoys attend Egyptian-European Business Council
The attendees stressed the importance of cooperating with foreign partners and drawing upon their experience to help Egypt's reforms succeed.
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Egypt's economic reform program and the IMF loan
An IMF delegation was in Cairo this week to review Egypt’s economic reform programme, with inclusive growth and job creation high on the agenda.
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Egypt, Mexico to establish a joint business council
In 2017, the trade exchange between Egypt and Mexico reached $123.4 million, where Egyptian exports amounted to 71 million and imports $52 million.
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Iflix launches in Egypt with Vodafone
Iflix offers thousands of TV shows, movies and more including, the year’s best new local and regional Ramadan series, for EGP 1 per day.
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Russia’s trade with Egypt to be up from $6bln to $10bln in 2018
On May 10-12, Kazan is hosting the 10th International Economic Summit "Russia - Islamic World: KazanSummit," a major international economic event.
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Project: High voltage substations
Supply of Transformers - Engineering, design, fabrication, delivery, testing, training, warranty and technical assistance
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Smartphone market shares in April
Samsung’s share of smartphone sales in Egypt declined in April by 3%, but still leads across the market.
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UAE adds oil and gas to its interests in Egypt
UAE investments in Egypt totalled $6.2 billion in 2017, up from $6 billion the previous year.
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Harvard report ranks Egypt 3rd fastest growing economy
A recent Harvard report has ranked Egypt as the world's third fastest growing economy in the coming decade after India and Uganda.
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Egypt growth to reach 5.5% by FY2019
Egypt's growth is expected to reach 5.2% up from 4.2% last year in fiscal year 2018 and to reach 5.5% in 2019.
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IMF delegation to arrive in Egypt next week
Egypt agreed the three-year IMF loan programme in November 2016 that is tied to sweeping reforms such as spending cuts and tax hikes.
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Egypt's non-oil business activity grows in April for 2nd time in 31 months
New export orders grew further, widening the current period of expansion in exports to four months, the survey showed.
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Reform program improves Egypt's economy, IMF expects higher growth
The IMF report said that Egypt's expected higher growth rates are "aided by an increase in gas production."
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Egypt’s local wheat buying surges in first two weeks of harvest
In a statement, Moselhy said the 1.4 million tonnes procured so far compared to just 200,000 tonnes purchased in the same initial period last year.
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Packaging group Mondi to acquire Egypt-based industrial bags producer
Mondi is already a leading producer of industrial bags in the Middle East, operating four plants in the region.
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Egypt confident $23 billion in debt inflows won’t flow out
The Egyptian economy reappeared on foreign investors’ radar after the government embarked on an economic overhaul plan in November 2016.
