News
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Bee’ah wins big Egypt waste management contract
UAE-based sustainability and environmental services pioneer, has been appointed as the waste management partner for Egypt’s new Capital.
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STC in talks to acquire 55% of Vodafone Egypt
The talks concern the 55 percent stake controlled by Vodafone International in Vodafone Egypt.
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US dollar exchange rate down by 2 piasters against EGP
The US dollar exchange rate has decreased by about 25 piasters this January as a result of foreign investment in government debt instruments.
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Telecom Egypt to retain Vodafone stake
Telecom Egypt has shut down speculation that it could sell its 45% holding in Vodafone Egypt.
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Glovo shuts down in Egypt, three other markets
In addition to Egypt, the on-demand delivery startup shut down its services in Turkey, Puerto Rico and Uruguay.
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Egypt allocates EGP 28.17 bln for urgent commodity and service needs
The bulk of the money was allocated for state grain buyer, the General Authority for Supply Commodities (GASC).
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Egypt's e-commerce latest strategies to double online business
The opportunities in the sector include enhancement in exports and competitiveness.
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Egypt firm, Masdar set up renewable energy JV
A joint venture company, Infinity Power, to be established to develop utility-scale and distributed solar energy and wind power in Egypt and Africa.
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Wasla wants to subsidize mobile internet in emerging markets
Wasla aims to subsidize mobile internet for 500 million users in emerging markets over the next few years in the wake of a US$1 million funding round.
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Egypt’s reef economy under threat
Egypt’s coral reef economy could be hit hard through climate change and local mismanagement.
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Ireland to get first ever scheduled route to Egypt
Egyptair is to launch a year-round route between Cairo and Dublin later this year four times a week starting June.
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Egypt- Al-Sisi to visit UK, accompanied by business delegation
UK companies are interested in establishing new partnerships with Egyptian and African counterparts particularly after the Brexit from the EU.
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Egypt prioritises improving investment climate, stimulating private sector
The premier highlighted a decision to form an investment committee, that will include the CBE governor, several ministers and state officials.
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Trade exchange bet. Egypt, China to increase by 24% in 2020
In 2019, the volume of trade exchange between Egypt and China recorded $11 billion.
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Egypt launches microfinance incentives to contain informal economy
Microfinancing seeks to provide capital needs for small farmers and the self-employed, home-based projects, day-to-day sellers and street vendors.
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Egypt's real GDP to rise to 5.9%, up to 6% in 2022
Egypt's inflation subsided substantially in the second half of 2019, allowing the Central Bank to cut interest rates three times since August.
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Egypt's agricultural exports hit 5.4 mln tons in 2019
The exports are up by 203,000 tons compared to the same period of 2018.
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Egypt gets lowest offer for soyaoil
GASC received the lowest offer of 12,880 Egyptian pounds for 6,000 tonnes of soyaoil at a tender for local vegetable oils.
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Egypt's domestic liquidity increases by EGP 160.4 bln
The report attributed the increase in money supply to the rise in current deposits in local currency.
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Egyptians to witness first real salary increase since pound flotation
Egypt is projected to be a top country for the highest salary increase.