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Egypt- Government increases borrowing from domestic market to highest level ever during Q2 2017/18
The country suffers from a deficit in the general budget estimated at EGP 379.6bn during the fiscal year (FY) 2016/2017:Minister of Finance.
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Egypt issues EGP 13.25 billion in treasury bills
Egypt's finance ministry said a 91-day-term treasury bill was issued worth EGP 6.5 billion with an average yield of 18.984% from 19.001%.
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Morocco to Surpass Egypt as North Africa’s Largest Automotive Market
Morocco is expected to dethrone Egypt as North Africa’s largest automotive market by the end of 2017, says BMI Research.
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Egyptian-European business council meets Italian amb. Sunday
The meeting will discuss establishing an Italian industrial city in Egypt that produces cars, clothes, furniture and leather.
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Egypt Economy on the right track
The World Bank praised Egypt's reforms and economic growth of 4.1% despite economic hardships.
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Project: High voltage substations
Works shall cover on turnkey basis, but not limited to engineering, designing, manufacturing, factory testing, civil works, erection, training a.m.
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Chinese firm finalizes deal for building huge business district in Egypt's new capital
The district includes a 345-meter high skyscraper, the would-be highest building in Africa, 12 business complexes,5 residential buildings and 2 hotels
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Gas market law regulations in Egypt to be ready before year-end
The new law will organize downstream gas, payments for outstanding debts, and access to state infrastructure.
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Beta Egypt to market its first project in El Mostakbal City before year-end
All phases and landscape of Beta Greens project will be delivered within 9 months, says Beta Egypt chairperson.
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Decree mandates price tags be on all food products in Egypt
The decree also imposes penalties on those who violate the law with one to five years in prison and a fine between EGP 300 and EGP 1,000.
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Egypt’s inflation dips in September
The central bank raised its key interest rates by 200 basis points in July, seeking to ease the inflationary pressure, but has kept them since.
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Situation of Vodafone's share to be decided by Ministry of Communications
TE which launched as the 4th mobile operator this year, owns 45% of the shares of Vodafone Egypt.
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EU wheat prices fall as Egypt opts for Russian supplies
Egypt’s state buyer GASC said on Tuesday it had bought 170,000 tonnes of Russian wheat in an international purchasing tender.
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Public Business Sector Minister demands Egypt Aluminum reduce time required for development project
A report of the Ministry of Public Business Sector, Egypt Aluminum will establish a new factory with a production capacity of 250,000 tonnes/year.
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Project: Construction of a care building
Construction of a talented care building at the City's Second Residential District
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Yields rise on Egypt’s five- and 10-year T-bonds
Egypt has raised interest rates by 700 basis points since the float.
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Samsung Egypt opens a gate for customers with special needs
Samsung community initiatives growing more and more in Egypt as the country's customer service team comes up with ideas to serve the community.
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Turkey-Egypt business forum to be held in Istanbul
The first Turkey-Egypt Business Forum will be held on Nov. 26 in Istanbul to revive bilateral economic and trade ties.
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Capital market enjoys strong legislative environment
The chairperson of the Egyptian Stock said the Egyptian capital market still enjoys a strong legislative structure and advanced financial instruments.
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Egypt's women empowerment a must
By increasing private sector participation and efforts on the regional dimension, the unemployment rate of women in the region will fall to 26%.
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Egypt to raise banks’ reserve requirement as it battles soaring inflation
The reserve ratio, used to control money supply, will increase to 14 percent from 10 percent from Oct. 10.
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Egypt unearths 4,300-year-old Pharaonic obelisk in Giza
the discovery of the upper part of an obelisk belonging to ancient Egyptian Queen Ankhesenpepi II, mother of Pharaonic King Pepi II of the 6th Dynasty
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Foreign exchange reserves up by $392m at end of September
The foreign exchange reserves increased by more than $21bn over the past 14 months, where it stood at about $15.5bn in July 2016.
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Egypt's central bank increases reserve requirement on deposits to 14%
The new ratio is effective starting on 10 October, the bank said in a statement.
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Egypt considers bond sale delay as it eyes market conditions
Egypt may delay a planned sale of 1.5 billion in euro-denominated bonds to early 2018.
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Egypt’s non-oil business activity hits three-month low
Companies are optimistic that growth will pick up in the coming year.
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New prices may affect customer consumption: Vodafone
We have submitted a different proposal for repricing cards six months ago, NTRA rejected it, says Essam.
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Egypt Air to buy six Boeing Dreamliners
In addition to the wide-body Dreamliners EgyptAir plans to buy an unspecified number of Airbus A320neo single-aisle planes.
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Egypt partners with CNN to promote Egyptian tourism
The American network's advertising company chief Rany Raad hailed the partnership, at a time where Egypt is growing as a unique tourist destination.
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Egypt to finish unloading Romanian wheat cargo by Tuesday
43,000 tonnes have already been unloaded, said agriculture ministry spokesman adding none of the cargo had been transferred for sieving yet.
