News
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Mars inaugurates EGP 750 million production plant expansion in Egypt
The move will bring Mars' investments in Egypt to EGP 2 billion by end of 2018.
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Egypt investors bold enough to look for dollars themselves
Foreign holders of Egypt’s local debt have been using the open currency market more frequently to get dollars.
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ADM, Cargill to Launch Soybean Joint Venture in Egypt
Archer Daniels Midland Company (NYSE: ADM) and Cargill have reached agreement to launch a joint venture to provide soybean meal and oil for customers.
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El Dabaa NPP: What’s in Store for Egypt’s Economy?
After the contracts for the El Dabaa nuclear power plant were signed last December, Egypt is finally entering a new stage of fulfilling its long-held
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Government raises growth forecast by end-June to 5.4%
Total investments in H1 amounted to EGP 353bn. The growth rate during the second quarter was 5.3%, and the total during the first six month was 5.2%
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Egypt uncovers ancient necropolis south of Cairo
Archeologists found about 1,000 small statues and a necklace charm bearing the hieroglyphic inscription "happy new year".
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Sisi orders to study situation of troubled public business sector firms
During a meeting with Prime Minister and Public Business Sector Minister, Sisi urged making use of qualified youth cadres at the state-owned companies
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Producing resilient crops in Egypt's El-Wadi El-Gadid
The economic solution to cultivating Egyptian land where soil and water resources are highly salinized requires alternative crop production.
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Cyprus nears gas deal with Egypt
Cyprus is nearing an agreement to sell natural gas to Egypt, marking the second potential supply deal as Egypt aims to be a regional Energy hub.
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Egypt’s GASC buys 120,000 tonnes wheat in tender
The wheat was all of Russian origin and was purchased in two 60,000 tonne consignments, traders said.
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Food products' prices expected to be stable in local market
Gulfood is the world's largest annual food trade show, its 23rd edition taking place in Dubai on Feb 18-22, 2018.
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Egypt becomes biggest market for Russian goods
The two countries are also exploring the possibility of signing a free-trade agreement. The deal could boost trade and investment.
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Carrefour Set For Major Expansion In Market
The Majid Al Futtaim group has announced the signing of a new agreement, under which it plans to open 100 new Carrefour stores across Egypt.
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Winners rise in Cairo stocks as Egypt starts to cut rates
Companies will benefit from access to cheaper credit in the Arab world’s most-populous country.
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Andersen Tax & Legal launches in Egypt
Maher Milad Iskander and Co. became a collaborating firm of Andersen Global in July of 2017 and is one of three that have become member firms.
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Trade exchange bet. Egypt, Sweden reaches €644M in 2017
Kabil added that the Swedish investments in Egypt reached a $141 million dividend on 146 projects in different sectors.
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Azerbaijan’s economy minister due in Jordan, Egypt to mull co-op
Discussions will be held as part of regular meetings of the Azerbaijani-Jordanian and the Azerbaijani-Egyptian intergovernmental commissions.
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Capital Market law amendments are positive credit for banks
Moody's Investors Service said that law amendments in the Capital Markets Act is credit positive for banks because the increased market activities.
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Egypt to set local buying price for wheat in March
Last year Egypt procured about 3.6 million tonnes of wheat under the new pricing scheme.
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Key business figures awarded at BT 100 ceremony
The ceremony also awarded business tycoons for their influential role in enhancing Egyptian economy such as businessman Naguib Sawiris.