Latest news
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Egypt, Indonesia trade exchange increases by 21%
Meanwhile Egypt’s imports from Indonesia include chemicals and fertilisers, readymade clothes, weaving and textiles, furniture, leather products and others.
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Huawei brings new ICT solutions for rail and metro in Egypt
Huawei has vast experience in the rail and metro sector on a global level, laying the foundation for future railway networks in Asia, Europe and MENA.
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New Mondelez Egypt production-line investments are worth EGP 200 m: Managing director
The company has invested EGP 1bn during the last five years, Managing Director says.
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Egypt's Sisi approves $500 mn World Bank loan to expand natural gas grid
Earlier this month, the government signed a $400 million loan with the Bank for a pension welfare project which currently benefits 1.5 million poor Egyptian families.
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Egypt Central Bank Keeps Benchmark Interest Rate Unchanged
Egypt’s annual urban inflation accelerated to 11.5 percent in March from 10.6 percent a month earlier, while core inflation stood at 7.21 percent.
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Egypt receives $6 bln from Saudi Arabia, UAE, Kuwait: cenbanker
Saudi Arabia, Kuwait, the UAE and Oman jointly pledged $12.5 billion in aid, investments and central bank deposits at a March investment conference in Egypt's resort town of Sharm el-Sheikh.
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Dubai's Arabtec says in talks with banks to fund Egypt project
Arabtec has said the first phase will involve building 100,000 units.
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India participates in Egypt pharma exhibition
India is one of the global leaders in the pharma industry with 10,500 manufacturing units and over 3,000 pharma companies.
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Egypt, European Bank discuss ‘equity investment
EBRD began working in Egypt in 2012 and benefited approximately 185 Egyptian SMEs.
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Egypt's Tahya Masr fund executive announces social service projects
President Abdel-Fattah El-Sisi launched the fund in 2014 to create projects to bolster the economy.
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RSA Security Analytics now extends visibility to the cloud
New flexible packaging helps ensure cost-effective, enterprise-wide visibility for customers.
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Egypt’s e-commerce activity expected to double: Souq.com co-founder
Egyptians prefer using domestic shopping websites, says MasterCard’s online shopping behaviour report.
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Egypt to launch new grain storage system next week: Minister
The government signed an agreement with Blumberg Grains in December to replace 93 local wheat barns with food security technology and systems at a cost of $28 million.
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Egypt’s Railway Authority’s 2015/2016 budget may reach EGP 12.8bn
The investment plan will be the authority’s largest and would focus on the much-needed revamping of run down facilities.
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Egypt eyes $26 bn in revenues from tourism by 2020: Minister
The tourism sector made a gradual recovery this year after four years of political instability and two changes of regime.
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Egypt requests new $ 300m World Bank loan for health sector
Egypt will receive loan in May and loan repayment period will be between 25-30 years, says Kouchouk.
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Annual salaries in Egypt’s private sector rose 7.9% in 2013: CAPMAS
The number of workers in the private sector rose 10.8 percent to 1.2 million in 2013, compared to one million in 2012.
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Egypt's EFG-Hermes seeks to raise $51 mln in capital hike
EFG-Hermes will distribute 1.46 of the shares for every 10 shares
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Egypt's foodmaker Edita signs $12 mln contracts with Hostess Brands
CEO: Edita is targeting sales of more than 2.5 billion Egyptian pounds in 2015.
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Urban development project set to upgrade informal settlement of Istable Antar
Residents suffer from lack of services and medical care, and isolation from basic needs.