Trade News
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National Bank of Egypt picks banks for potential benchmark bond
The Egyptian government returned to the international debt market this month after a five-year hiatus due to political and economic instability.
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Egypt to double export subsidies: MENA
The current fiscal year has seen the implementation of the first stage of a five-year plan to lower electricity subsidies by 67 percent to LE9bn.
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Egypt receives fast missile navy vessels from US
Egypt receives aid worth $1.5 billion from the U.S. since 1979. This included $1.3 billion in military aid.
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Egypt: Sisi, CBE Governor Review Efforts to Provide Foreign Exchange
They discussed measures adopted to eliminate currency dealing on the black market.
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Motivational industrial strategy to advance public business sector: Investment Minister
The strategy includes professional ideas that achieve economic gains for the state by utilizing the company's potentials.
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Egypt draft 2015/2016 budget projects 9.9 pct deficit, 5 pct growth
The draft budget projects 49% of total public expenditure on social programs and a 12% increase on the current fiscal year.
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UK invites Egypt's Sisi, state media say, day after Mursi ruling
Cairo is seeking foreign investment to rebuild its economy after years of political turmoil.
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French companies interested in Egypt, undeterred by attacks: Business delegation
The head of the French delegation expressed faith in President Abdel-Fattah El-Sisi for having a his 'leadership and clear direction'.
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Egypt, France 2014 trade exchange valued at $2.6m
Volume of France’s investments in Egypt stands at approximately €7bn.
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Tripartite meeting to be held in Cairo to discuss findings on Ethiopia's Renaissance Dam impact
The consultancy firms started their studies on the impact of the dam in April 2015.
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Egypt says New Suez Canal to open August 6, eyes economic boost
The government plans to build an international industrial and logistics hub near the Canal; it's expected to make up 1/3 of the economy.
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Egypt's GASC buys 180,000 tonnes Russian, Romanian wheat
Egypt's state grain buyer said on Friday it had bought 180,000 tonnes of Russian and Romanian wheat in a tender for July 11-20 shipment.
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BRIEF-Theraclion announces first Echopulse sale in Egypt with AB Care
Theraclion SA announces first sale in Egypt and over 100 leads from German and Italian congresses.
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Egypt's annual core inflation accelerates to 8.14% in May: CBE
Annual headline inflation rose to 13.11 percent in May from 10.96 in April, the highest since 2010.
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Egypt’s Status as Emerging Market Safe, For Now
Egyptian stocks are down more than 3% this year, after rallying some 30% in 2014.
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Egypt signs African FTA agreement, ratification awaits parliament
The agreement for the FTA accounts for $1.2 trillion, more than half of Africa's GDP.
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African officials gather in Egypt to talk mega trade pact
TFTA is to be launched at a summit of heads of state and governments on Wednesday in Sharm El-Sheikh.
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60 days after Sharm El-Sheikh
An outlook on economic reforms a bit after 60 days since the economic summit.
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Economy: World Bank Group President to visit Egypt for first time
Mr Kim will address the question of the important role of the private sector for economic growth in Egypt.
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Egypt business activity steadier in May as employment rises: PMI
An investment conference in March secured tens of billions of dollars in commitments and Egyptians are waiting to see results.