Latest news
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Egypt sees more tourists in January, visits average fewer nights
The country welcomed over 688,000 visitors during January, state statistics body CAPMAS reports.
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EGP 13bn total income of Vodafone Egypt in 2014
Vodafone Egypt was able to increase its net profits to EGP 1.849m during 2014, compared to 2013, while its revenues were at EGP 13.5bn in 2014.
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Quarter of Alexandria bakeries halt work over pay delay
Bakeries have not been paid money they were due to receive from the government in early March.
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‘Doing Business with Latin America’ conference launched
Sharm El-Sheikh Economic Summit showed how much Egypt can cooperate with Mexico and Latin American states: Fuentes
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Egypt sending team to explore Kenya opportunities
Negotiations ongoing about a Kenyan trade fair in Cairo to promote various Kenyan products and deepen trade ties between the two countries.
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Egypt top African steel producer after SA output falls
Egypt increased its production by 8.7% in 2015.
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Egyptian president orders new bonds issued for Suez project
The decree, issued Monday, did not say how much funding was sought.
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CBE halts Egyptian automotive market
Most companies working in the automotive sector confirmed fears that if the situation continues will lead to a new and unprecedented disaster for the automotive sector.
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Egypt, Ethiopia, Sudan sign GERD declaration
The Declaration of Principles is foundation upon which Ethiopia will build agreement with Egypt and Sudan, says Ethiopian Prime Minister
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World Bank set to loan Egypt $500 mn for housing project
The Bank is committed to support the Egyptian government in improving its social safety net by expanding cash transfer system to the poor.
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Egypt Fast Becoming A Hot Renewable Energy Market
Egypt is currently “On the Hot List of Global Renewable Power Developers”.
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Mashreq Petroleum storage project on track
Mashreq aims to take in a foreign partner to cover 40 per cent of the expenses of the second phase.
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A new Alliance to execute Egypt National Tech Projects ready in Mid-April
The alliance is with a capital of EGP 500 million (US$ 65.5 million).
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KSA, Egypt to curb customs’ violations
The agreement demands that the customs authorities provide a number of documents that would facilitate customs clearance on goods and exchanged commodities.
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Noor Data Networks negotiates with Internet providers to establish consortium against TE Data
We aim to establish a joint company for all Internet providers, acquisition is alternative solution, says Jundi.
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EFG Hermes returns to profit on investment bank expansion
Chief Executive Karim Awad said the company would launch a leasing business in Egypt by early May.
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MOPCO lists on EGX with EGP 2.3bn
MOPCO is third biggest nitrogen producer globally
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News Analysis: Egypt counts on China as key partner in economy push
China considers Africa a vast field for its prospect investments and Egypt represents a very important key for Chinese investments and trade in Africa.
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Terra Sola wins $3.5bn Egypt power contract
The MoU confirms the implementation of a 2,000MWp solar power project that has been specifically designed for Egypt.
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Aspire Woman and Aspire Khan celebrate the International Woman’s Day
Aspire Woman is a multi-year initiative aiming to empower 25,000, train 5000, and create job opportunities for 1000 young women.