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Rwanda, Egypt ready to strengthen bilateral relations
Rwanda and Egypt are looking to strengthen their bilateral relations through investments in various development sectors.
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Egyptian Kuwaiti Cooperation Council to hold its 4th meeting 10 February in Cairo
Kuwaiti investments in Egypt reached about $2.8bn.
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Italian oil giant Eni says overall investments in Egypt total $13 billion since 2015
Egyptian presidency spokesman Bassam Rady said that Descalzi told El-Sisi about the company’s plan to increase investments in the coming period.
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EU-funded EEPI offers €950,000 grant to develop 100 companies in Egypt
Project aims to identify export opportunities for Egyptian products.
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Egypt’s KarmSolar identified in London Stock Exchange Group's Companies to Inspire Africa 2019 report
2019 report identifies a new cohort of fast growing and dynamic private businesses across Africa.
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Trade Minister inaugurates Creative Egypt store for handmade products
Projects contributed to raising Egyptian awareness about country’s heritage, ethnic products: Nassar.
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Egypt eyes better Doing Business ranking
Egypt ranked 120 among 190 economies in the ease of doing business, according to the latest World Bank annual ratings.
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Egypt's president issues decree regulating travel of senior officials
Decree no. 23 of 2019 stipulates that the permission for travel abroad for official missions and activities must be approved by the president.
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Work underway to prepare new public finance bill
The new bill is expected to improve the state’s current audit system to cope with global standards, Maait said.
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Egypt closes seven ports temporarily due to bad weather
The ports of Suez and Zeitiyat were shut in Suez governorate as well as Adabiya and Ain Sokhna ports, the Red Sea Ports Authority said.
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Egypt's finance ministry auctions T-bills worth EGP 17 bln
In an online statement, the ministry said it sold EGP 8.5 billion of 91-day T-bills with an average yield of 18.715%.
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Egyptian PM says business district in New Capital one of biggest Egypt-China joint projects
The first phase of the project is carried out on 2.7 million square meters involving green areas and garages as well.
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Egypt yet to set details of Asian market bond issue
The value of the Asian market issue would be limited because its aim is to build a yield curve, the finance ministry said.
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Investment Ministry easing business measures to encourage firms to expand in Egypt
Investment Minister Sahar Nasr, in a meeting with LG Egypt CEO Don Kwak Monday, said her Ministry is acting to offer support for the private sector.
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Strategy being formulated to support exports, trade minister
It will also see the merging of approaches of the government and the private sector, to improve the services provided to exporters and businessmen.
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Zero tariffs on imported European cars in place
The zero tariffs will also be applied on some Korean and Japanese cars produced in European Union countries.
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Egypt to be 7th biggest economy by 2030
Standard Chartered's forecast sees Egypt overtaking Russia, Germany and Japan to be the 7th biggest economy globally.
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Western Desert produces about 60% of Egypt's crude oil
The minister urged foreign companies to invest in the Western Desert as he expects more discoveries to be unearthed in this area.
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Egypt introduces price index for fuel to revive economy
Oil ministry spokesperson Hamdy Abdel-Aziz says the new mechanism will start in April and that 92-octane and 80-octane gasoline will not be affected.
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Egypt says stolen pharaonic tablet repatriated from UK
An ancient Egyptian pharaonic stone tablet that was stolen from Karnak temple was repatriated this week from Britain where it had been touted for sale
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Egypt’s inflation to hit 10.7% in FY19/20
Pharos projected the North African country’s economy to grow over the coming five years in line with the improvement of remittances.
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Egypt to host 2019 Africa Cup of Nations
The CAF executive committee preferred Egypt to South Africa as replacements for original hosts Cameroon.
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World Bank appoints new regional director for Egypt, Yemen, Djibouti
Before joining the World Bank, Wes worked as a principal economist at the European Bank for Reconstruction and Development.
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Project: Construction of a new residence
Construction of a new residence
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Project: Mobile telephone services
Extending mobile telephone services to the company
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Project: Ball bearings for Metro
Supply of ball bearings for the comprehensive overhauling of Metro Units
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Project: Personal computers & printers
Supply of personal computers & printers
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Egypt among 19 destinations for 2019
The CNN chose Egypt among 19 destinations to visit in 2019 encouraged by the new archaeological discoveries and the Grand Egyptian Museum.
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Egypt to auction $750mn in one-year dollar T-bills
Egypt will auction $750 million worth of one-year dollar-denominated treasury bills on Sunday, the central bank said.
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Budgeting for oil prices
The decline in oil prices will relieve the pressure on Egypt’s budget, but can it be sustainable?
