News
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Schneider Electric doubling production, increasing investments in Egypt soon
Remont said that the Egyptian market is a strategic one for SE because of its capacity and potential to grow faster than any other market regionally.
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Trade Exchange between Egypt, France hit $2.13B in 10 months
Egypt's exports to France jumped 56.2 percent, recording $766.12 million during January-October period of 2018, compared to $490.43 million in 2017.
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Biggest fish market complex in Middle East inaugurated
The market has 82 retail shops, 104 shops for pedestrian vendors, 30 wholesale shops, 2 restaurants, administrative building, and a police department.
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Egypt, Lithuania agree to establish joint business council
Egypt's Foreign Minister Sameh Soukry said on Wednesday that an agreement has been reached with his Lithuanian counterpart Linas Antanas.
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Egypt's economy to sustain growth at 5.2% in 2019
The GDP's recovery reflects improvements in tourism, rising natural gas production, and increased confidence in the economy.
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Egypt’s GASC mulls change to payment terms
GASC currently offers payment to suppliers within 180 days.
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French economy minister arrives Cairo to prepare for Macron's visit
Issues to be raised during Marcon's visit to Egypt include the economic file as well as means of pumping new French investments to Egypt.
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Egypt's Sisi directs government to settle tax disputes
During the meeting, the president stressed the importance of developing Tax Authority offices, having well-trained employees and technologies.
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Rwanda, Egypt ready to strengthen bilateral relations
Rwanda and Egypt are looking to strengthen their bilateral relations through investments in various development sectors.
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Egyptian Kuwaiti Cooperation Council to hold its 4th meeting 10 February in Cairo
Kuwaiti investments in Egypt reached about $2.8bn.
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Italian oil giant Eni says overall investments in Egypt total $13 billion since 2015
Egyptian presidency spokesman Bassam Rady said that Descalzi told El-Sisi about the company’s plan to increase investments in the coming period.
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EU-funded EEPI offers €950,000 grant to develop 100 companies in Egypt
Project aims to identify export opportunities for Egyptian products.
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Egypt’s KarmSolar identified in London Stock Exchange Group's Companies to Inspire Africa 2019 report
2019 report identifies a new cohort of fast growing and dynamic private businesses across Africa.
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Trade Minister inaugurates Creative Egypt store for handmade products
Projects contributed to raising Egyptian awareness about country’s heritage, ethnic products: Nassar.
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Egypt eyes better Doing Business ranking
Egypt ranked 120 among 190 economies in the ease of doing business, according to the latest World Bank annual ratings.
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Egypt's president issues decree regulating travel of senior officials
Decree no. 23 of 2019 stipulates that the permission for travel abroad for official missions and activities must be approved by the president.
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Work underway to prepare new public finance bill
The new bill is expected to improve the state’s current audit system to cope with global standards, Maait said.
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Egypt closes seven ports temporarily due to bad weather
The ports of Suez and Zeitiyat were shut in Suez governorate as well as Adabiya and Ain Sokhna ports, the Red Sea Ports Authority said.
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Egypt's finance ministry auctions T-bills worth EGP 17 bln
In an online statement, the ministry said it sold EGP 8.5 billion of 91-day T-bills with an average yield of 18.715%.
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Egyptian PM says business district in New Capital one of biggest Egypt-China joint projects
The first phase of the project is carried out on 2.7 million square meters involving green areas and garages as well.