News
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Egypt, US sign MoU on cooperation in energy field
The MOU aims at creating a framework of constructive cooperation in the field of energy, ease exchange and sharing of knowledge.
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Car market in limbo in Egypt
Passenger car sales were down by 10 per cent during the period from January to May 2019, according to the July report of the AMIC.
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Several companies peering into desalination market in Egypt
Proposals have been submitted by AquaSwiss, a Swiss company currently involved in the construction of two 130,000m3 desalination plants in Kenya.
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Abu Dhabi's Imkan acquires 67ha plot in Egypt's New Cairo District
Imkan’s agreement was finalised in five days, which the company said in a statement is the shortest period required by Egyptian law.
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Saudi Arabia, Egypt to launch business council of organic agriculture
It came during the first annual conference held by the Salman-Zayd Center For Middle Eastern Studies in Cairo 'Vision 2030 between Reality and Hope'.
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Egypt’s GASC says buys 60,000 tonnes of Russian wheat
Traders said GASC paid $215.54 per tonne, including cost and freight (C&F), for the wheat, comprising $201.35 on a free-on-board (FOB) basis.
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EBRD looks to boost equity investments in Egypt
The bank intends to participate in an expected share offering for state-run Alexandria Container and Cargo Handling Company.
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Gov't encourages unregistered companies to merge into official economy
The government is seeking through these efforts to achieve the goals of sustainable development and the Africa Agenda 2063.
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Al Ghurair Group to expand its agricultural reclamation projects in Egypt
Al Ghurair said the company is planning to invest in the silos project in Damietta Harbor along with the development of the river Nile transport.
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Developer Mariout Hills to establish first sustainable hotel in Egypt
The first phase of the project that costs EGP300 million will be completed by July 2020, while the second phase will cost EGP1 billion, ready in 2023.
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Telecom Egypt and Ericsson showcase 5G immersive sports in Egypt
Telecom Egypt and Ericsson are giving sports enthusiasts a front-row seat for a sporting experience at Alexandria stadium.
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Egypt’s economic reforms are improving business, investment climate
The economic reform programme makes investments and exports the essential engines for economic growth instead of consumption.
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Egypt economy is doing well with int'l recognition
The progress achieved by Egypt's economy is attributed to the ambitious economic reforms carried out by the government.
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Egypt-Jordan trade balance jumps to $408.6 mln in 4 months
Orange, cheese, TV sets, chicken stock and frozen french fries topped the list of Egypt's exports.
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Investec acquires Spinneys Egypt
The launch of a home delivery service and the ongoing investment into a loyalty programme are also key initiatives.
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PM to form board of trustees to simplify business environment
The board will be chaired by the prime minister and includes the ministers of investment and international cooperation, planning, finance and trade.
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Egypt inflation at slowest in three years
Consumer prices in urban parts of Egypt rose by an annual 9.4 percent in June, compared with 14.1 percent in May.
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Egypt's arrears to foreign oil firms fall to $900 million
The Egyptian government had told the International Monetary Fund in a letter in January it intended to “eliminate” arrears by the end of June.
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Egypt: The end of fuel subsidies
The government has announced that fuel prices will now be subject to a quarterly price-indexation system replacing the older subsidies system.
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Automotive market sales fall 8.5% in 5 months
the monthly bulletin of the Automotive Market Information Council (AMIC) said that passenger car sales dropped 10 percent to 41,154 cars.