News
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Egypt’s culture minister, French ambassador discuss furthering cultural exchange
In the meeting, Ines Abdel-Dayem was presented with a commemorative medal of the French parliament.
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Egypt-S.Korea trade exchange hits $1.5bln in 2019
Goods exchanged between the two countries included engineering products, electronics, furniture, ready-made garments, chemical products and more.
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Despite Corona … an increase in Egypt’s foreign exchange reserves
Egyptian Central Foreign exchange reserves rose to $ 38.315 billion in July, from $ 38.202 billion in June.
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New strategy for housing in Egypt
Egypt’s first National Housing Strategy was launched in Cairo this week, with a view to guaranteeing everyone the right to adequate and safe housing.
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CDC Egypt eyes further investments in Egypt as priority market
Egypt has a dynamic economy, sizeable entrepreneurial ecosystem, and a government committed to developing the private sector and its infrastructure.
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Egypt unveils coffins buried 2,500 years ago
Archaeologists in Egypt had found 59 well-preserved and sealed wooden coffins over recent weeks that were buried more than 2,500 years ago.
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Germany pays great interest to Egypt's education market
Egypt's NAC is set to house over 2,000 educational, science, and technology centers making it a hub for higher education and technical training.
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Egypt’s market interest rates slightly decline despite CBE’s 0.5% cut
Returns on debt instruments also see minor decreases.
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Uber Egypt's GM Ahmed Khalil says investments exceed $100 million
General Manager of Uber Egypt Ahmed Khalil shares with Ahram Online the current and future plan of the biggest ride-hailing operator in Egypt.
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Egypt cuts interest rates by 50 bps as inflation subsides
The bank’s Monetary Policy Committee (MPC) reduced the lending rate to 9.75 percent and the deposit rate to 8.75 percent.
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Egypt’s new banking law comes into force after Al-Sisi’s ratification
Banks obliged to reconcile their conditions under its provisions within 1 year, transition period can be extended for 2 years.
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Egypt’s service e-bills grow by 223% since 2019
10 phases of the electronic payment and collecting system have been carried out starting May 2019.
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TE considers Vodafone Egypt acquisition as banks willing to finance deal
The TE's move follows the recent hiccup in the Saudi Telecom Company's attempted acquisition of Vodafone International Group's 55% stake in Vodafone.
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Egypt's Faisal Islamic Bank records $7.15bln in business volume during August
The number of customer accounts grew to about 1.775mln in August 2020.
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Eni and BP announce new gas discovery in Egypt
The discovery is in the Abu Madi West Development Lease at the Greater Nooros region, with initial reserves of over four trillion cubic feet of gas.
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IKEA to open permanent branch in Egypt by March 2021
Sweden’s furniture brand is expected to open a new and permanent mega store in Cairo's 6th of October City.
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Egypt plans to establish its first multiple unit train factory
The factory is expected to be managed by the ERMAS in partnership with the private sector, the Suez Canal Authority and international partners.
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TE, Vodafone submit financial offers for new frequencies
Orange and Etisalat have refrained from the bidding process.
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How will commodity stock exchange company help Egyptian consumers?
Egypt announced establishing its first commodity exchange company as part of the country’s plan to develop its internal trade.
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Egypt- Brickzey to exclusively market EGYDEV's West Park, Azalea projects
Brickzey will undertake the marketing of commercial and medical properties at the project which is anticipating sales of EGP 300m.