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Egypt to start building nuclear plant in next two years
Moscow and Cairo signed an agreement in 2015 for Russia to build a nuclear power plant in Egypt with a loan to Egypt to cover the construction cost.
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World Bank commits $530 million to supporting Egypt’s public healthcare system
45 million Egyptians are expected to benefit from the project.
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Egypt current account deficit narrows as tourism rises
Egypt has been trying to tighten its finances and draw back investors, using economic reforms tied to three-year $12 billion IMF loan programme.
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Egypt's history of privatisation
Egypt’s history of privatising public-sector companies has not always been bright.
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Japan boosting Egypt's development efforts
Teruyuki Ito, chief representative of the Japan International Cooperation Agency in Egypt, speaks with Ahmed Kotb about Japanese support for Egypt.
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FTI relocates central business units to Egypt and Turkey
One of Germany’s biggest tourism groups, FTI, will open major offices in El Gouna and Istanbul under a reorganisation.
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Egypt local wheat harvest ends with sharply lower figure
Egypt had said previously it was looking to purchase 3.5 to 4 million tonnes of local wheat.
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Egypt considers entering sukuk market
The Sharia-compliant issuance, either in dollar or euro-denominated sukuk probably will happen in fiscal 2018-19.
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Egypt's Suez Canal Authority denies seeking loan to buy dredgers
It has been reported that the authority is seeking a €300 million loan to buy new dredgers.
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FEDCOC organizes Egyptian-Polish business forum
Polish companies operating in the agricultural, nutrition and construction materials will take part in the event.
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New e-visa for Egypt introduced for 46 countries
Now, many travelers have to purchase their visas through the Egyptian Consulate prior to travel, or on arrival, leading to congestion at the airport.
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French investments in Egypt exceed 4 billion euros
There are more than 160 French companies working in Egypt with investments worth 4 billion euros.
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Egypt’s GASC seeks wheat for Aug 11-20 shipment
Tenders should reach GASC by noon local time (1000 GMT) on Tuesday. The results should come out after 3:30 p.m.
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Egypt's first monorail project 40 percent complete
The six-kilometre long monorail is being carried out by two of Egypt’s major construction companies, the Arab Contractors and Orascom Construction.
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Mondi acquires Egypt’s industrial bags producer NPP for $27m
As of 31 December 2017, NPP generated revenues of EGP577m (€29m) and adjusted earnings before interest, tax, depreciation and amortization (€5m).
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Cooperation Between Govt, CBE to Maintain Interests of Egyptian Economy
The debts of government bodies have been discussed during the meeting along with the mechanisms of paying off sums to the banks.
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Egypt continues economic reforms with cuts to fuel subsidies
Despite social and other challenges, the government is pressing ahead with its economic reform programme.
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Sisi approves law governing ride-hailing apps in Egypt
This came after Uber and Careem appealed a court ruling that revoked their licenses.
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Egypt extends its state of emergency for another 3 months
President Abdel-Fattah el-Sissi's decision was published in the official gazette on Sunday. It should be approved by parliament within seven days.
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€5.8bn size of trade exchange between Egypt, Germany
German investments in Egypt amounted to €641m in 1,080 projects.
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Egypt to inaugurate gigantic wind farm
Egypt aims to have 20% energy from renewable sources by 2022 and to increase that to 42% by 2042.
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Project: business model and marketing strategy for MIS
Market information system and portal: identify the features, develop a business model, commercial strategy + marketing & sales strategy (on-offline)
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Project: Power transformers
Supply of Transformers, Package B: Works
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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.
