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The Industry Support Initiative increases the rates of economic growth and GDP to 7.5% annually
The initiative will benefit about 96,000 factories that meet the conditions for the initiative: says deputy governor of the CBE.
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Vodafone recognized as the best place to work in Egypt for 2019
Vodafone Egypt received outstanding scores across several aspects of their workplace such as leadership, learning & development and culture.
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Egypt to get $1.1 billion from ITFC to fund commodities imports
The financing at the time ensured dollars were available for the state buyer to use for payment at some of its international purchasing tenders.
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Half of land sold for Egypt new capital
The government has said it wants to start running Egypt from the new city as soon as the middle of next year.
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What does Egypt's new Center of Excellence for Energy do?
As part of a five year US$90mn initiative the US and Egypt have partnered to launch a Center of Excellence for Energy and agriculture.
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Egypt- HSBC, Citibank compete to assess Siemens power plants
Egypt's SWF plans to obtain a 30% stake in power plants implemented by the German company Siemens.
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Hurghada among top 100 destinations
For the 1st time Hurghada enters the ranking of the top 100 cities by Euromonitor International.
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14th African Economic Conference kicks off in Sharm El Sheikh
More than 12 million young Africans migrate from their country to look for work, says Charles Lufumpa.
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Vietnam, Egypt look to strengthen trade, investment connectivity
Ambassador Tran Thanh Cong recalled Vietnam’s social and economic achievement recorded over the past 30 years, highlighting that bilateral cooperation
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Egypt to Introduce Taxes on ‘Digital Economy’ Soon
The law is currently being prepared and measures are being taken to impose a tax system on e-commerce, online advertising, and social media websites.
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Tarek Amer term extended till 2023
The first term of Amer saw him steer the country away from shortages through a devaluation to become the fastest growing economy in the region.
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Vodafone named Egypt’s first VMware cloud provider
Vodafone will offer diverse VMware cloud services, such as Infrastructure-as-a-Service, as well as fast and seamless access to cloud services.
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Egypt elected to 40-member council of International Maritime Organization
Egypt was elected to be among Category C countries of the council.
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Egyptian businessmen mull enhancing trade exchange with Greece
They also mulled establishing an Egyptian-Greek chamber of commerce to enhance trade exchange between the two countries.
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Vodafone Egypt invests $2.8bln in 21 years
Curtil praised the Egyptian government’s efforts to ease the barriers in the face of investments.
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Egypt- Banque du Caire inaugurates two business development centres
The initiative aims to encourage young people to establish successful projects and support small projects in the informal sector.
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Georg Fischer to enter gas and water distribution Market In Egypt
GF piping systems announces a new joint venture with Dubai's Corys investments and Cairo's Egypt Gas.
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Egypt 8th safest country in the world
Egypt jumps up 8 places to be the 8th safest country in the world, beating USA, UK and most of Europe in Gallup’s report while expats ranked it at 52.
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CBE auctions EGP 18.5 bln in treasury bills
The CBE said it auctioned the first batch of EGP 9 billion for 91 days and the second at EGP 9.5 billion for 273 days.
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Egypt signs $430m gas deal with Texas’ Noble Energy
The agreement requires the partner to pump natural gas through the East Mediterranean Gas Company's pipeline.
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Egypt, Nile basin trade increased by 25.4% in 2018
Sudan ranked first in terms of exports, with a value of dlrs 399.3 million in 2018, representing 33.3 percent of the total trade volume.
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Egypt, Oman inaugurates joint business council
During the ceremony, some topics were discussed including the possibility of linking the ports of Oman's Sohar and Egypt's Suez.
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Online business trends in 2020
Payfort has selected the biggest 4 trends that are expected to influence e-commerce and what you need to invest in in 2020.
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Egypt one of the fastest-growing economies: Davos forum chairman
The chairman of the Davos forum praised Egypt's progress, especially the economic and legislative reforms that contributed to improving investment
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Egypt issues longest-term international bond with maturities of 40 years
Egyptian Finance Minister Mohamed Ma'eet said that Egypt has returned to the international bond market by issuing 2 billion dollar bonds in 3 tranches
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Empire Aviation launches aircraft management services in Egypt
Empire Aviation has launched aircraft management services in Egypt and inducted the first aircraft - a Bombardier Global 6000 (G6000) business jet.
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Egypt's unemployment goes up by 0.3% in Q3 2019
The unemployment rate dropped to 2.2 percent in Q3 of 2019, compared to the same period of the previous year 2018, the CAPMAS said.
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Egypt's textiles salvage plan reveals backing for state sector
The government has placed it at the center of an ambitious plan to rescue loss-making national firms in the once-thriving textiles sector.
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UAE, Egypt to set up $20bn joint investment platform
The investment platform will be run through Egypt’s newly established sovereign wealth fund and Abu Dhabi Development Holding.
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Luxor prepares for Christmas celebrations
Occupancy rates of floating and fixed hotels in Luxor are expected to reach 100 percent.
