News
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Egypt to become 6th largest world economy by 2030
The GDP growth rate of Egypt exceeded 8% which is the highest in the world and even surpasses China whose growth rate is at 6%.
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Egypt's economy strong enough to cope with foreign crises
CBE governor Tarek Amer said the national economy has proved its capability to face global challenges.
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DHL Express Global Plans Expansion in Egyptian Market
DHL Express has maintained an impressive record of achievements in the Egyptian market in 2019.
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Orange Egypt Builds Horizontal Cloud Platform On Red Hat Technologies
Orange Egypt looked to virtualise its mobile packet core, which had been running standalone functions on dedicated appliances.
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Trade exchange bet. Egypt, world countries reaches $5.3B in 11 months
CAPMAS revealed that the trade exchange between Egypt and African countries slightly rose during 2019 to reach $131.35m, up from $128.74m in 2018.
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Egypt did not import any liquefied natural gas in 2019
Egypt stopped importing LNG in September 2018 after major discoveries of gas fields in Egyptian territory in recent years.
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Telecom Egypt still unclear about Vodafone share
Telecom Egypt is studying all alternatives and options for its stake in Vodafone Egypt, and has yet to decide what is most appropriate move.
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Egypt’s economy achieves highest growth rate in 11 years
The Egyptian economy’s growth rate reached 5.6 percent during 2018/2019, compared to 4.7 percent during 2008/09.
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Egyptian law obliges STC to present MTO for 100% of Vodafone Egypt
The conditions required to exclude STC from submitting an MTO are not available in this transaction unless the FRA agreed to exempt STC.
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Hurghada's fish market to be renovated as tourist attraction
To the locals of Hurghada, the fish market in heritage, a place that tells the history of the city.
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New on-demand fuel delivery company to launch in Egypt soon
The on-demand fuel delivery company, and app, is already present in the UAE.
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Egypt’s population nears 100 million
Egypt’s 100 millionth person is expected to be clocked up on the official statistics agency’s digital counter in central Cairo in February.
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Egypt's trade exchange reaches $23bn in 3 months
The CBE, in a recent report, indicated that the volume of trade exchange between Egypt and the 14 most important trading partners account for 60%.
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CI Capital hopes to bring 4 companies to Egypt stock exchange in 2020
The bank is ready to manage the initial public offering of the state-owned Engineering for Petroleum and Process Industries company (ENPPI).
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Trade exchange bet. Egypt, Agadir countries hits $1.9B in 2019
Gamea added that the Egyptian exports to the countries of the agreement amounted to $1.5 billion in 2019, compared to $1.4b in 2018.
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Egypt has become attractive destination for FDI: US ambassador to Cairo
Cohen was speaking on the sidelines of the American Chamber of Commerce (AmCham) monthly luncheon meeting held at the Conrad Hotel.
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Uber testing plans to include taxis in Egypt services
The White Taxi Drivers and Owners Association, Egypt's biggest grouping of taxi drivers, said on Tuesday, however, that it was against the move.
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Kenya, Egypt resolve to enhance economic and political collaborations
Egypt was the second nation after the United Kingdom that Kenya established diplomatic relations with.
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Egypt signs two deals with ExxonMobil
The deals involve a minimum investment of $332 million.
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PM reviews Fitch report about Egyptian energy market
Exports of liquefied natural gas increased by 450 percent in the first five months of 2019 compared to the previous year.