News
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Egypt's Sisi directs ministers to proceed with developing ports
The ports are to help cope with the increase witnessed in the industrial and logistical services in Egypt.
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Egypt still subsidises 15% of fuel in local market
These subsidies are despite the recent fuel price hikes applied on Friday.
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Egyptian Ahmed Osman named President of International Council for Small Business
Osman is the first Egyptian to hold the position.
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Dana Gas receives $48m from Egypt in June
These collections comprise $38million in payments from the government and $10 million from the sale of the second El Wastani condensate shipment.
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Egypt's public business enterprise ministry to kick off forum on trade
The forum will also see the launch of the new application 'Gosour' (bridges) for Foreign Trade Services.
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Egypt sets new record for world's widest cable-stayed bridge
The Tahya Misr Bridge is now the world’s widest cable-stayed bridge. It was built as part of the Rod El-Farag Axis project, to ease traffic congestion
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Egypt's 2019-20 budget: Setting more hopeful targets
The new budget aims to increase the country’s GDP by six per cent, lower the deficit to 7.2 per cent of GDP.
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Steigenberger opens new Egypt hotel
132-key Steigenberger Pyramids Cairo is Deutsche Hospitality's 12th hotel in Egypt.
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Egypt-Germany trade volume hits 4.5 bln euros in 2018
Egypt's exports to Germany increased by 10.6 percent, reaching 361.3 million euros, from January to March 2019.
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Vodafone Egypt wins EGP 2.3 bln contract for healthcare platform
The platform will be piloted in Port Said before being introduced in four other governorates, then across Egypt.
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Trade exchange bet. Egypt, China reaches $5,43B in 5 months
China's exports to Egypt hit $4.87 billion in January-May of 2019, while Chinese imports from Egypt reached $0.56 billion during the same period.
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Cairo-based Swvl raises $42 million
Started just two years ago, Swvl has now raised close to $80 million so far which makes it one of the best-funded startups of the region.
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Egypt can achieve growth rates over 5%
Mohieldin told MENA that achieving growth rates is linked with investments in the field of human resources and infrastructure.
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Google expands its team in Egypt: Cattaruzzi
Google will work with the Ministry of Investment in the fields of entrepreneurship, small and medium-sized enterprises, and education.
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Egypt’s GASC pays $15/mt less on year as it books first new crop
Egypt's state buyer GASC booked 120,000 mt of wheat volumes from Black Sea origin for July delivery, paying $14.98/mt less for the first batch.
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Egypt top single projects market with $300bn developments
Egypt’s largest construction event, The Big 5 Construct Egypt 2nd edition will be held 2-4 September in the EIEC.
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Egypt in $500 million settlement with Israel Electric Corp
Under the agreement, Egypt will pay the amount over a period of 8-1/2 years in exchange for the Israeli company dropping all other claims.
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Trade exchange bet. Egypt, China hits $13.8B in 2018
Trade exchange between Egypt and China recorded $13.8 billion, according to the latest economic report on Egyptian-Chinese trade & economic relations
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Vodafone Egypt fined 500,000 euros for coverage outage
Vodafone is the leading provider in Egypt, according to official figures, servicing 40 million of the country's more than 100 million mobile phones.
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MIIC discusses boosting cooperation with Japan
Earlier on 30 May, Egypt and Japan signed a grant agreement of EGP 7.5m to support the Egyptian education reform project and Egyptian-Japanese schools