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Egypt issues eurobonds worth $5 bln, biggest issuance in its history
The issuance is part of efforts to provide needed funds to deal with the repercussions of the coronavirus, the finance ministry said.
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Al-Mashat participates in virtual webinar on knowledge economy
The virtual meeting was organized by the Sharjah Research, Technology and Innovation Park (SRTIP) with more than 1,000 attendees from the region.
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10 things you need to know about the state of social housing
The social housing program launched in 2015 with the aim of providing 1m housing units to limited-income citizens.
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Mastercard to bring 50mln firms into digital economy; including in Egypt
As a pilot in Egypt, Mastercard and Levi Straus and Co. partnered up to digitize the wages of more than 10,000 garment factory workers.
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Foreign workers at government, public business sectors increase 42.4% in 2019
The report added that, of this amount, 1,233, or 88%, were male, and 155 (or 11.2%) were female.
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FAB suspends acquisition talks for Bank Audi’s business in Egypt
Lender cites 'unprecedented circumstances and the uncertain outlook' during Covid-19 pandemic.
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Delta Insurance's premiums rise 33% in Egypt
SAE's insurance premiums increased nearly 33% year-over-year to more than $38 million in the nine months ended March 31.
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Egypt- Economy would have been severely stressed by COVID-19 in 2016
The minister highlighted that Egypt has had time to significantly strengthen its economic position against the global health crisis.
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Egypt's parliament approves suspending tax on agricultural land for two years
The government decided to extend the suspension for two years as an incentive for farmers and farming businesses to boost agricultural production.
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Vodafone Egypt adds 1.1 million new customers in FY, ARPU improves
Vodafone Egypt reported service revenues of EUR 369 million for the three months to March.
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Vodafone Egypt reports revenues of EGP 26.4bn in FY 2019/2020
According to Vodafone Group's results, the Egyptian unit recorded profits worth $666m before interest and taxes during FY 2019/2020.
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Egypt’s MSMEs sector is affected by COVID-19 crisis: Planning minister
The government has set up 4,500 serviced industrial units, including 750 units in the cities of 10 Ramadan City and Margham, and in the Red Sea.
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World Bank approved $50m for Egypt Covid-19 response
The World Bank Group had established a Fast Track COVID-19 facility to help countries in health and economic emergency response against the pandemic.
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Cabinet decision reducing bond trading costs activates bond market
The costs were the main hindrance to an active fixed instrument market. Most trades on fixed income instruments have stalled due to the high prices.
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Orascom To Re-Open ODH's Hotels In Egypt For Business
El-Gouna hotels will be open 15 May in preparation for Eid.
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Egypt gets $2.77 billion IMF loan as Coronavirus hurts economy
Tourism, which accounts for about 5% of the country’s gross domestic product, has vanished.
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Egypt’s foreign reserves fall to $37.037bn end-April
The net foreign assets of the country's banks plummeted by 162.12 billion Egyptian pounds in March.
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Finance Minister reviews how COVID-19 affects Egypt's economy
Ma’it expected that the volume of Egypt’s public debt will increase by the end of the current fiscal year.
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Egypt's next investment budget upped to EGP 230 bln: Prime Minister
Egypt’s Prime Minister Mostafa Madbouly said the investment budget for the coming fiscal year will surge to EGP 230 billion, up from EGP 150 billion.
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We Seek to Integrate Egyptians Returning from Abroad Into Egypt’s Economy: Minister
Future visions and proposals on ways to reintegrate Egyptians abroad were requested by the minister during the conference.
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Trade exchange between Egypt, China hits $13.2bn in 2019
The Chinese imports from Egypt recorded one billion dollar, the ministry added.
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Egypt: Consumer trends in lockdown
Recently released research has shown what Egyptian consumers have been up to during quarantine.
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IMF to consider Egypt's request for emergency loans on 11 May
According to the IMF, the RFI provides rapid and low-access financial assistance to member countries facing an urgent need for a balance of payments.
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Egypt Economy partially open
Many workers will be going back to work, especially in the state sector and extending the hours of shops and trade centers.
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Project: Metro equipment & instruments
Cairo: Enhancing the buildings, establishments, stations to enable raise the efficiency of instruments & equipment of all Metro Lines
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Project: Water & Waste water networks
Beni Swef: Operation, maintenance & guarding, also revamping of water & waste water networks
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TPAY Mobile and Vodafone Egypt launch DCB for Google Play
Vodafone subscribers can make purchases from Google Play and charge the payments to their mobile bill or deduct them from their airtime balance.
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Egypt continues to cut social spending in 1st corona budget
The Cabinet appears set to keep social spending level in the budget for the new fiscal year.
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Egypt, ITFC sign $100 million deal to secure staple imports
The amount will be used to purchase 240,000 tons of wheat and 100,000 tons of sugar.
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Taxed with good intentions
Al-Ahram Weekly reports on recent modifications to the law on income tax.
