News
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Luxor Airport tops Africa's most secure airports
The achievement is also an indication that the Egyptian airports apply the highest international standards of air safety and security measures.
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HSBC named lead bank for Egypt AMOC listing
The government is selling minority stakes in public companies on the stock exchange.
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Egypt, US sign $65 million grant for infrastructure in rural areas
Minister Sahar Nasr signed the agreement for the grant with Sherry Carlin, the USAID Mission Director in Egypt.
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Egypt's headline and core inflation edge up in August
Egypt's core inflation edged up to 8.83 percent year-on-year in August from 8.54 percent in July.
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Trade exchange between Egypt, Romania hits dlrs 3.6 billion in 5 years
Egypt's exports to Romania include fertilizers, medicines, cables, wires, vegetables, fruit and agricultural crops.
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Egypt to get $1 billion for basic goods from Islamic Bank
The International Islamic Trade Finance Corporation (ITFC) will provide Egypt with $1 billion to support the provision of basic goods.
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US to release $1.2 billion in military aid to Egypt
Secretary of State Mike Pompeo has authorized the release of $1.2 billion in U.S. military assistance to Egypt.
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Egypt’s economy growth potential enormous
Egyptian market filled with lucrative, untapped opportunities, says CEO, board member at CIB.
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Egypt can handle the emerging markets downturn 'up to a limit'
Egypt's finance minister believes his country's economy can weather what has thrown many others into crisis.
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Egypt's foreign reserves rose by $104 million in August
Egypt's foreign reserves have been steadily increasing since Tariq Amer took office as the governor of the central bank in October 2015.
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PM presses for quickly implementing plan to develop public business firms
The plan aims to better run those corporations in a way that would bring in higher revenues and serve the national economy.
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Egypt's finance ministry auctions EGP 16.2 bln in T-bonds
The ministry of finance said it sold EGP 8.250 billion of 91-days T-bills with an average interest rate of 19.179%.
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Cairo the most polluted city in the world
Cairo scored the highest in total, followed by Delhi, Beijing, Moscow, Istanbul, Guangzhou, Shanghai, Buenos Aires, Paris and Los Angeles.
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Egypt mulls mandatory travel insurance for tourists
Tourists would have to make sure they’re covered for personal accident, total disability and death, and medical treatment.
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Eni makes new gas discovery in Egypt
The discovery well has been drilled on the Faramid South exploration prospect located in East Obayed concession, 30 km northwest of the Melehia.
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Egypt banks on Nile Tower project to boost economy
The cost of the project has been put at $600 million although the project might cost $150 more, according to the design managers.
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Moody's raises Egypt credit outlook
Moody's affirmed the country's long-term issuer rating at B3, six levels below investment grade.
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Sarwa Capital reveals IPO plans on Egyptian Exchange
Sarwa Capital, the leading provider of consumer and structured finance solutions in Egypt, targets launching an initial public offering on the EGX.
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Egypt purchases 350,000 tons of Russian, Romanian wheat
Upon an international bid held earlier, Egypt will import 290,000 tons of wheat from Russia and 60,000 tons from Romania.
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Egypt’s trade exchange with Russia increases by 37% over H1 2018
Egypt’s trade exchange with Russia increased by 37% during first half (H1) of 2018 in comparison with same period of 2017.