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Egypt’s GASC says buys 240,000 tonnes of Romanian wheat
Egypt’s state grain buyer, the General Authority for Supply Commodities (GASC) said it bought 240,000 tonnes of Romanian wheat.
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Egypt to receive fourth tranche of IMF loan package
Moeet said the new tranche would be used to fund the country’s general budget, as well as strengthening foreign reserves.
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Egypt's agricultural exports up 13% in 2017/18 season
Egypt has been enforcing new regulations and inspection measures to ensure the quality of its agricultural exports.
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Egypt's economic reform program more than 85% complete
The minister also pointed out that recent salary raises for government employees were aimed at alleviating the burden of the new price hikes.
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Egypt’s economy powers ahead
Recent economic figures certainly back this up. Real GDP growth has strengthened over the past four consecutive quarters, climbing to 5.3 percent.
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Trade Exchange between Egypt, East European countries hit $4.2B
Egypt’s exports to Turkey, Russia and Greece reached $536.5 million, $192.3 million and $126.5 million, respectively.
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Egypt implements new fuel price increases
80 octane gasoline rose from EGP 3.65 to EGP 5.50 and 92 octane gasoline rose from EGP 5 to EGP 6.75.
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Egypt's Suez canal reports record high $5.585 billion annual revenue
Egypt's revenue from the Suez Canal for the 2017-2018 financial year rose 11.5 percent to a record high $5.585 billion.
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Egypt replaces ministers overseeing security, economy
The move by President Al-Sisi signals challenges he faces in his second term.
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Egypt is as safe as Denmark: Gallup
Egypt was ranked as the 16th safest country out of 142 surveyed by Gallup for their "Global Law and Order" report 2017.
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Egypt's GASC amends wheat purchase terms to ease costs for suppliers
The world's largest wheat buyer has reduced the cost of sieving to $2 per tonne from $3, and suppliers will now pay $10,000 per day for up to 10 days.
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Egypt raises electricity prices
Earlier this month, Egyptian authorities hiked prices of piped drinking water by up to 45 percent.
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Egypt and Germany sign a euro 1.6bn development deal
Offices for the German Bank of Development (KFW) and The German development Agency (GIZ) will be opened in Cairo.
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Trade min. approves formation of Egyptian-Omani business council
The Egyptian side is led by Chairman and Chief Executive Officer of Orascom Development Holding Samih Sawiris.
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Egypt’s inflation falls further in May
Prices had also been lifted by the import-dependent country floating its pound currency in November 2016, with inflation hitting a high of 33% in July
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Egypt consumer prices rise at slowest pace in over two years
Prices rose 0.2 percent month-on-month, compared with 1.5 percent in April, as food and beverage costs fell 0.3%.
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Project: Valve accessories
Supply of (a) pressure indicators, (b) an automatic control valve device & (c) globe & diaphragm valve.
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Project: Computer accessories
Supply of (a) computer continuous forms for the computer printers & (b) different type plain paper copiers
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Project: Employees Dress
Supply of (a) employees safety boots, (b) employees uniforms, (c) employees safety dresses, (d) employees safety equipment, and more
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10 things you need to know about Egypt's new budget
Egypt's parliament started discussing the 2018/2019 budget on Sunday. Here's what you need to know to follow the discussions.
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Egypt's economy has 'strong' precautionary reserves against external shocks
The CBE announced an increase in the net foreign currency reserves by $1.418 billion at the end of April to hit $44.029 billion for the first time.
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Egypt's WE to provide mobile services abroad
Telecom Egypt (ETEL.CA) is the largest fixed-line operator in Africa and the Middle East.
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CBE: mounting foreign debt at $82.9bn
Egypt's foreign debts reached around $82.9 billion, for the period ending December 2017, rising by 4.9 percent compared to six months earlier.
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£1.858bn value of trade exchange between Egypt, Britain in 2017
Britain is one of most important investors in Egyptian market with total investments worth $5.6bn, says minister.
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Egypt's Central Bank Says Mounting Foreign Debt at $82.9bn
EGYPT'S foreign debts reached around $82.9 billion, for the period ending December 2017, rising by 4.9 percent compared to six months earlier.
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Dana Gas receives dues worth $40 million from Egypt
The amount brings the total dues received by Dana Gas from Egypt in 2018 to $88.8 million.
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Egypt's Sisi to visit Sudan in October amid tensions
Sudan banned the import of Egyptian farm produce last year over alleged use of pesticides.
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Trade exchange bet. Egypt, Arab countries reaches $1.7B in February
Egypt’s imports to the Arab countries $5.5 billion, while exports allocated 33.9% of total of total exports worth $2.3 million.
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Egypt’s economy near-term outlook bright
5.3-5.5% expected growth in 2018-20. Capital Economics believes fuel prices will rise by 60% in July to keep subsidy reform programme on track.
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Egypt court permits wheat with trace levels of ergot
The total fungus ban was lifted, only for a lower administrative court to reinstate it, citing health concerns.
