News
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Telecom Egypt, Liquid Telecom sign data centre, infrastructure deal
Pan-African Liquid Telecom will be able to invest in Egyptian telecoms under an outline deal signed with Telecom Egypt.
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Egypt's decision to adjust customs on luxury goods to benefit economy
The decision will help improve the efficiency of resource allocation, including the foreign direct investment.
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Egypt launches startups manifesto
The initiative spearheaded by RiseUp, an annual summit tackles the most pressing issues affecting entrepreneurship ecosystem in Egypt.
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Africa 2018 concludes in Sharm El-Sheikh
Discussions focused on the way forward for intra Africa trade and economic growth.
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Egypt is the gateway to Africa
“Egypt is the gateway to Africa and the meeting point of the civilizations of the ancient and modern world,” Minister of Investment Sahar Nasr said.
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Egypt hosts international arms expo
Egypt opened its first international weapons fair Monday. The three-day Egypt Defense Expo features the world's top arms companies.
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Egypt's Finance Ministry auctions T-bills worth EGP 18.2bn
The Ministry of Finance auctioned treasury bills at a total value of EGP 18.250 billion.
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Uber's Middle East rival Careem launches bus-booking service in Egypt
Users of the 'Careem Bus' app select their pick-up and drop-off location and track the bus along dedicated routes.
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Investments authority offers opportunities for SMEs
These opportunities are especially in ten sectors from food processing to building materials, to automotive.
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Egypt to stop discounted customs exchange rate for some imports
Egypt is set to end a discounted customs exchange rate in December for imports of goods that are considered non-essential.
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PM issues decree to amend executive regulations of money market law
The amendments are meant to introduce new financial tools with the aim to attract more investments.
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High-level Japanese business mission to visit Egypt early 2019
I am expecting further increase of Japanese tourists to this country: Japanese ambassador to Egypt.
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Business council to discuss investments in Egypt, Saudi Arabia and Africa
A meeting headed by the Egyptian-Saudi Business Council will be held in Egypt to coincide with the visit of Saudi Crown Prince Mohammed bin Salman.
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Trade exchange rates jump 16.8% in 1st 10 months of 2018
Egypt’s imports during the 10 months of the current year hit $57.76 billion, compared to $48.54 billion during the compared period of 2017.
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Egypt says U.S. oil firms showing appetite for offshore projects
Petroleum Minister Tarek El Molla said he expects US energy companies to participate in two bidding rounds due before year-end.
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EGP 4.5bn to develop network during current FY
Investing in infrastructure is our top priority, becoming cashless society is among our chief objectives.
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Russia seeks UAE cooperation in Egyptian market
Oreshkin added at a joint investment forum that joint cooperation should also cover other economic projects in other Arab and African countries.
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Egypt's non-petroleum exports reach $1.988 bln in October
Egypt's exports to the Arab League member states reached $747 million in October.
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Egypt sells $1.7 billion worth of dollar T-bills
One-year dollar-denominated treasury bills worth $1.73 billion issued a year ago are due to mature on Tuesday.
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Banks continue to shine with strong business results in 9M18
The bank's management attributed these strong results to the bank's resilience, at a time of macroeconomic uncertainty.