News
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Egypt's Orascom Investment expects to acquire 30 pct of Sarwa Capital
If it only acquired between 144 million and 216 million shares, it would pay 6.62 pounds a share.
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Egypt budget deficit drops in first two months of 2018/19
Taxes from salaries increased by 32.5 percent, reaching EGP 7.1 billion, while Suez Canal revenues tripled to EGP 6.7 billion.
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Egypt signs five MoU's with Germany
The Memoranda aim to boost cooperation between the two countries in the fields of economy and education.
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Egypt’s stock exchange increases by LE4.5 billion
Egypt’s benchmark index (EGX 30) increased by 0.61 percent, standing at 13.145 points.
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Egyptian economy performs well, IMF mission
An IMF team led by Mr. Subir Lall visited Egypt on October 18-31, 2018 to conduct the fourth review of Egypt’s economic reform program.
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Egypt keeps customs exchange rate at EGP 16 per $1 in November
The country has kept its customs exchange rate at EGP 16 since October 2017.
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Egypt's police step in to combat potato shortage
For the first time, the Interior Ministry, which runs the police, has begun selling potatoes at reduced prices at temporary outlets.
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Trade exchange between Egypt, Morocco reaches $550M in 2017
Egypt's exports to Morocco products of engineering, electronics, food and building materials, as well as iron and steel, chemical and plastic products
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Indonesia, egypt sign US$67.5 million business deals
The agreements we signed during the five-day Trade Expo Indonesia (TEI) 2018 which ended on Sunday.
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US Trade and Development Agency official meets with ministers in Egypt
The meeting is to discuss the agency’s support for US commercial engagement in Egypt’s infrastructure development.
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Hilton shows Economic Impact at the U.S. Business Mission to Egypt
The U.S. Business Mission aims to showcase the outstanding Egyptian-U.S. business ties and U.S. companies’ commitment to further boost bilateral ties.
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L’Oréal Egypt is witnessing dynamic growth
Four years since its launch, L’Oréal Egypt is witnessing dynamic growth in consumer demand from the MENA region.
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Nokia 6.1 Plus now available in Egypt
Nokia 6.1 Plus provides a good viewing experience with a large screen, and a larger smartphone design.
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Egypt's GASC to return next month for Russian wheat
Egyptian state grain buyer GASC is expected to return next month with a wheat tender, sources said, as it makes its way through its current oversupply
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Darshal to invest $53m to develop electric car market
A local company, Darshal, has decided to develop the electric vehicle market in Egypt.It has signed partnerships with Chinese companies.
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Investments in New Damietta City hit EGP 7.2 billion, Egypt's PM
Nearly 984 distinguished housing units were finalized and will be poured onto market soon.
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Egypt ranks 15th in long-term growth: HSBC
The report concluded with HSBC's projection that EM countries will account for roughly 50% of the world by 2030.
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Delayed state offering stalls Egypt's surging share sales
Egypt hopes the sales will raise badly needed funds for the state and boost the private sector as the country implements austerity measures.
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Egypt asks US business delegation to invest in its social safety net programmes
Over 100 senior executives of almost 50 leading American companies were part of the mission to Egypt to underscore the continued commitment.
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Egypt Honey Market Key players are making huge investment
In the coming years, the Egyptian honey market is expected to grow at a significant pace.