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CI Capital hopes to bring 4 companies to Egypt stock exchange in 2020
The bank is ready to manage the initial public offering of the state-owned Engineering for Petroleum and Process Industries company (ENPPI).
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Trade exchange bet. Egypt, Agadir countries hits $1.9B in 2019
Gamea added that the Egyptian exports to the countries of the agreement amounted to $1.5 billion in 2019, compared to $1.4b in 2018.
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Egypt has become attractive destination for FDI: US ambassador to Cairo
Cohen was speaking on the sidelines of the American Chamber of Commerce (AmCham) monthly luncheon meeting held at the Conrad Hotel.
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Uber testing plans to include taxis in Egypt services
The White Taxi Drivers and Owners Association, Egypt's biggest grouping of taxi drivers, said on Tuesday, however, that it was against the move.
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Kenya, Egypt resolve to enhance economic and political collaborations
Egypt was the second nation after the United Kingdom that Kenya established diplomatic relations with.
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Egypt signs two deals with ExxonMobil
The deals involve a minimum investment of $332 million.
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PM reviews Fitch report about Egyptian energy market
Exports of liquefied natural gas increased by 450 percent in the first five months of 2019 compared to the previous year.
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Bee’ah wins big Egypt waste management contract
UAE-based sustainability and environmental services pioneer, has been appointed as the waste management partner for Egypt’s new Capital.
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STC in talks to acquire 55% of Vodafone Egypt
The talks concern the 55 percent stake controlled by Vodafone International in Vodafone Egypt.
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US dollar exchange rate down by 2 piasters against EGP
The US dollar exchange rate has decreased by about 25 piasters this January as a result of foreign investment in government debt instruments.
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Telecom Egypt to retain Vodafone stake
Telecom Egypt has shut down speculation that it could sell its 45% holding in Vodafone Egypt.
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Glovo shuts down in Egypt, three other markets
In addition to Egypt, the on-demand delivery startup shut down its services in Turkey, Puerto Rico and Uruguay.
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Egypt allocates EGP 28.17 bln for urgent commodity and service needs
The bulk of the money was allocated for state grain buyer, the General Authority for Supply Commodities (GASC).
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Egypt's e-commerce latest strategies to double online business
The opportunities in the sector include enhancement in exports and competitiveness.
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USD may fall below 15LE in Q1 of 2020
By the end of 2019 the Dollar went under 16 LE for the 1st time since the devaluation of the pound in 2016.
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Project: Supply of Automotives (4 Lots)
Supply of passengers minibuses, quarter trucks, double and single cabin vehicles, generator inside a cabin on a 2x4 Truck
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Project: Revamping radar system
Cairo: Rehabilitation & revamping of the Ground Air Radar System
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Project: Construction of a bridge
Beheira: Construction of a surface bridge on Sahel Morqos Canal at Km 26
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Egypt firm, Masdar set up renewable energy JV
A joint venture company, Infinity Power, to be established to develop utility-scale and distributed solar energy and wind power in Egypt and Africa.
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Wasla wants to subsidize mobile internet in emerging markets
Wasla aims to subsidize mobile internet for 500 million users in emerging markets over the next few years in the wake of a US$1 million funding round.
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Egypt’s reef economy under threat
Egypt’s coral reef economy could be hit hard through climate change and local mismanagement.
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President El-Sisi meets WB delegation
This is the 1st visit for the World Bank delegation since 2014. The WB seeks more cooperation with Egypt after success of reform program.
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Ireland to get first ever scheduled route to Egypt
Egyptair is to launch a year-round route between Cairo and Dublin later this year four times a week starting June.
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Egypt- Al-Sisi to visit UK, accompanied by business delegation
UK companies are interested in establishing new partnerships with Egyptian and African counterparts particularly after the Brexit from the EU.
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Egypt prioritises improving investment climate, stimulating private sector
The premier highlighted a decision to form an investment committee, that will include the CBE governor, several ministers and state officials.
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Trade exchange bet. Egypt, China to increase by 24% in 2020
In 2019, the volume of trade exchange between Egypt and China recorded $11 billion.
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Egypt launches microfinance incentives to contain informal economy
Microfinancing seeks to provide capital needs for small farmers and the self-employed, home-based projects, day-to-day sellers and street vendors.
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Egypt's real GDP to rise to 5.9%, up to 6% in 2022
Egypt's inflation subsided substantially in the second half of 2019, allowing the Central Bank to cut interest rates three times since August.
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Egyptian parliament discusses amendments to Depository and Registration law
This law affects stock market performance and creating a better investment environment by helping settle legal issues regarding financial securities.
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Egypt's agricultural exports hit 5.4 mln tons in 2019
The exports are up by 203,000 tons compared to the same period of 2018.
