News
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High interest rates carry multiple risks to future of investment in Egypt: EJB
The best way to improve the investment climate in the future is by announcing monetary policies that ensure the stability of policies.
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Mountain View achieves a remarkable sales milestone of EGP 31bn in 2022
With this exceptional sales record, Mountain View continues to maintain its position among the largest real estate developers in terms of sales.
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Egypt rolls out early Ramadan discounts as inflation soars
Egypt's supply ministry said the scheme, which offers basic commodities at cheaper prices than in the shops, would last from January until end April.
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Egypt’s central bank to review key interest rates on Thursday, the first under IMF loan deal
Egypt’s annual urban consumer inflation continued to rise in December, recording 21.3 percent, the highest since the end of 2017.
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Egypt's Parliament endorses pact to join Brics Bank
Egyptian MPs welcomed the agreement, seeing in it a way to help reduce demand for US dollars.
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Egypt's net foreign assets climb by $2 billion in December
NFAs improved to a negative 494.3 billion Egyptian pounds from a negative 541.5 billion in November.
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Russia, Egypt sign contract for maintenance of Russian trains in Abu Zaabal
This is the biggest agreement of its sort in Egyptian history will see Russia build a sizable factory in the Abu Zaabal workshop area of Egypt.
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Irrigation min. lauds constructive cooperation with Germany
Irrigation Minister Hany Suweilam has stressed constructive cooperation between Egypt and Germany over the past years.
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Updated ticket prices for Giza Zoo following development
The sources also assured that development will maintain the zoo’s historical identity and preserve its special architectural style.
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Egypt central bank forecast to raise interest rates by 150 bps
The central bank raised rates by a larger-than-expected 300 bps at its last meeting on Dec. 22 and by 200 bps at a surprise meeting on Oct. 27.
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Egypt's imports from US witnesses remarkable increase in 2022: CAPMAS
The data showed that the value of Egyptian imports from the United States of America recorded about $6 billion.
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Agriculture min. discusses coop. with FAO Director
The ministry will work with the FAO on providing technical support and experts to raise agricultural awareness and apply modern systems.
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Egyptian Parliament accuses Transportation Ministry of corruption on Talgo deal
MPs criticized the Transport Minister on topics like misplacement of turbulence within roads and overlooking the establishment of essential roads.
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Egypt’s parliament approves in principle draft law on tourism chamber federation formation
The bill requires the federation to be in charge of reviving the tourism sector.
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Memphis Pharmaceutical’s profits soar 188% in 6 months
Memphis is one of the oldest pharmaceutical and chemical companies in the Middle East and has been in the market since 1940.
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Emigration minister, Kazakh ambassador discuss cooperation
Gendi welcomed cooperation with the Kazakh side to provide job opportunities for youth, according to a statement by her ministry.
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Blinken holds conversation with youth in AUC at the beginning of Egypt visit
As we’re looking at the partnership between the United States and Egypt, the strategic partnership that is of great consequence to the United States.
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Vodafone Egypt deal bumps up S.Africa's Vodacom quarterly revenue
Vodafone Egypt was consolidated from Dec. 8, contributing over 1.8 billion rand to group service revenue.
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South Cairo and Giza Mills swings to profitability in 6 months
The company’s sales grew to EGP 106.85 million in the July-December period of last year from EGP 72.75 million the year before.
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Planning Minister participates in the 7th conference of investors in MENA
Al-Said pointed out that the strong nature of the cross-current requires policymakers to make a “barter” in policy-making.