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Egypt to launch commodities exchange by end-August
The commodities exchange will enhance transparency in commodity pricing, which will contribute to creating greater price stability, the minister added
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Egypt discusses Amazon expansion plans in the local market
Abdel Wahab told Sahy that GAFI would provide the necessary support for the company to expand its trade activities in the country.
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Suez Canal tunnels open 24 hours a day
The tunnels are Tahyia Misr in Ismailia and July 3 in Port Said.The 24-hour opening is a first since they were inaugurated.
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Trade exchange bet. Egypt, Indonesia ranges bet. $1.2B-$1.5B in 5 years
Egypt is one of the main commercial and pivotal partners of Indonesia, and it is the main gateway for our products to enter Africa.
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Egypt’s FRA licenses 8 money market companies in 7M 2020
The FRA Chairperson added that in the first seven months of 2020, a total of 16 companies have obtained the required licences.
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8 Things you need to know about “Not Expensive for You” Campaign
The goal is to promote the purchase of local products, increase demand from local factories to boost production and job opportunities.
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Meet the man behind Cairo’s co-working movement
MQR founder Muhammad Nagi speaks to Alicia Buller about the trials and tribulations of building one of Egypt’s leading shared office communities.
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Egypt to offer 26 T-bills, bonds tenders worth EGP 185.25bn in August
Auctions part of government plan to borrow EGP 600bn from local market in Q1 of FY 2020/2021.
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International tourism loses $320bn in 5M 2020
Losses caused by COVID-19 up to May are already three times that of 2008 Global Economic Crisis, says UNWTO.
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JP Morgan praises Egyptian economy performance amid pandemic
In July, Fitch Ratings affirmed Egypt's Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'B+' with a Stable Outlook.
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Egypt's private economic activity hits 1-year high
Output strengthened to 50.9, its highest reading in a year, while new orders came in at 51.4, the highest since November 2017.
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Egypt invites Musk after ‘aliens built pyramids’ tweet
Egyptian International Cooperation Minister Rania al-Mashat, however, saw a marketing opportunity to help revive the country's tourism
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Egypt's Suez Canal revenues up 4.7% in last 5 years
In 2015-2020, 90,000 ships transited the Canal carrying 5.5 billion tonnes of cargo, up from 86,600 ships with 4.6 billion tonnes in previous 5 years.
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Egypt and Greece ink exclusive economic zone deal
The deal allows Egypt and Greece to move forward in maximizing the benefits of the available resources in the exclusive economic zone for each of them
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Egypt pumps more coins into market during Eid Al-daha holiday
Egypt's Ministry of Finance increased the amounts of small denomination coins pumped in the market by 30% during Eid Al-Adha's four-day holiday.
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American embassy announces the 2020 Virtual Exchange Grant Competition
To prepare for the application, you need to register for two upcoming webinars on August 11 and 27, links included.
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Egypt’s auto market June sales surge 18%
This comes despite auto market sales in Q2 of 2020 reportedly being declining 3.8% y-o-y, and 35.3% quarter-on-quarter, amounting to 37,400 units.
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EgyptAir for Aviation Services granted new international ISO certificate
Chairman of EgyptAir for Aviation Services company explained that such international accreditation help in conducting cooperation agreements.
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Egypt lowers its deficit despite Coronavirus
The GDP is expected to drop down by a little over EGP 200 billion.
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Shahid to provide premium content for free to Vodafone Egypt subscribers
This comes after a successful trial in March, being released to 200,000 customers using direct billing via the “Ana Vodafone” app.
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In pics: livestock market ahead of Eid al-Adha in Cairo, Egypt
As Egypt prepares for Eid El-Adha end of July, Xinhua gathered pictures of the livestock market to show the preparations.
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Egypt's SODIC focuses on keeping operations on schedule
SODIC spent $59mln on construction in Q1 of 2020, says top executive.
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Running on natural gas
The government is keen to switch more vehicles in Egypt to run on natural gas.
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Project: Implementing fiber optic networks under 8 contracts
Cairo, Giza, etc.: Implementing the fiber optic networks projects of FTTX type (traditional & air blown fiber method) under 8 location contracts
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Project: Supply, erection, commissioning of information networks
Egypt: Supply, erection, commissioning & guarantee of information networks, communication instruments & related operating requisites
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Project: Supply of cables
Asswan: Supply of 5,500 meters copper cables & 2,500 meters control cables of different sizes
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Project: Passenger minibuses
Cairo: 26 passenger minibuses duly air conditioned, WIFY, display screens & electronic fees collection
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EIB grants Egypt €1.9bn
The sum is to support Egypt's public transport, business investment.
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Egypt increases stamp duty on mobile users starting July
Unlike prepaid customers, the tax will be paid by monthly billing customers once a year.
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Egypt setting up e-commerce platforms targeting Africa
The aim is to boost trade exchange with countries that have trade agreements with Egypt, especially in Africa.
