News
-
Israeli Natural Gas Giant Signs $15 Billion Export Deal With Egypt
Israeli energy shares leap on news of 10-year, $15 billion natural gas export deal with Egypt from Leviathan and Tamar.
-
Egypt's unemployment rate down to 11.3 in Q4/2017
In the first quarter of 2017, Egypt’s labour force was estimated in to be 29.149 million, increasing by 79,000 since the fourth quarter of 2016.
-
Egypt's biggest bank seeks $500 million loans, eyes Saudi market
The National Bank of Egypt is looking to secure $500 million in loans by the end of June.
-
Opening air traffic to Egypt’s resort cities impossible now
Egypt has been tightening airport security and upgrading safety measures while Russia is postponing the decision to resume flights.
-
Egypt cuts interest rates
The monetary policy committee led by Governor Tarek Amer lowered the overnight deposit rate by 100 basis points to 17.75 percent.
-
Egypt says signs seismic survey deal with Schlumberger
The deal is to conduct a seismic survey in the Gulf of Suez, part of efforts to encourage firms to invest in exploration work in the area.
-
Singapore and Egypt ink fintech cooperation deal
The Monetary Authority of Singapore (MAS) and the Central Bank of Egypt (CBE) inked an agreement on fintech cooperation on 6 February.
-
High demand on Egypt’s Eurobonds issuance signals trust in economy
Egypt returned to the international bond markets on Wednesday with issuing Eurobonds worth $4 billion on three tranches.
-
Petroleum Ministry signs agreement to market Oil discoveries
Egypt Gate project aims to develop advanced mechanisms for marketing oil and gas exploration areas through the International Information Network.
-
Egypt parliament approves major amendments for Capital Market Law
The law introduces new financial instruments and empowers the non-banking financial sector.
-
WGS 2018 explores effective frameworks to enhance digital
The event was led by experts from the United Nations Economic and Social Commission for Western Asia (ESCWA).
-
Services sector 2nd largest beneficiary of bank loans
Private sector received 61.8% of banks’ total credit facilities by end-October 2017.
-
SHUAA Capital initiates Egypt operations for regional growth
Company mulls expansion in Egyptian market to boost profitability.
-
Egypt to receive new Iraqi crude shipment Thursday
A contract to import 12 million barrels of Iraqi crude for a year was renewed in January 2018.
-
President Sisi inaugurates second edition of Egypt Petroleum Show
The platform brings together 400 exhibiting companies from 11 countries.
-
Egypt wants more market stability before Eurobond issue
Egyptian finance minister Amr El Garhy gave the statement on the sidelines of a financial conference in Dubai.
-
45 compete for high-speed, monorail plans
Egypt has plans for a high-speed train between Ain Sokhna and El Alamein El-Gedida and a monorail for the new administrative capital.
-
Lowest offer at Egypt’s GASC wheat tender at $206.60/T
GASC is expected to announce the results of the tender, in which it is seeking wheat for shipment during March 12-22, later on Friday.
-
Energy group DEA to invest $500 mln in Egypt oilfields
The Hamburg-based company has been involved in exploration and development for oil and gas in Egypt since 1974.
-
Facebook to launch online shopping feature Marketplace in Egypt within weeks
The platform will be available in Arabic for the first time.