News
-
Indian auto parts makers to participate in Egypt's exposition
The companies form a part of the global supply chain for the majors like Toyota, Mitsubishi, Nissan and Isuzu.
-
Egypt's Atoll gas field begins test production
Actual production would begin in the third week of December.
-
Shell dominates 19% of Egypt lubricants market
The company’s share of lubricants market increased to 18.5-19% this year, up from 6.5% in 2008, despite selling the petrol stations it owned.
-
Cairo hosts Belarus-Egypt wood processing business forum
On 6 December, Damietta will host negotiations with a managing company of the Egyptian project Furniture Town.
-
Vodafone officially applies for new frequencies
The frequencies already obtained are sufficient for the current 4G services, however, the new frequencies are for 2018,2019.
-
World Bank approves $1.15 bln development policy loan for Egypt
The loan is the last in a series of three annual loans totaling $3.15 billion issued from 2015 to 2017.
-
IBM shift towards digital economy creates new business opportunities
In 2018, IBM Egypt’s six centers are continuing to export IT services out of Egypt.
-
Egypt aims to increase wheat cultivation to 3.74mn acres
Egypt’s wheat harvest typically runs from about April through July and cultivation is currently underway with about 1.66 million acres already planted
-
IPOs of state-owned firms to increase market attractiveness
EGX has a vision to deepen the stock market and increase trading volumes.
-
Egypt foreign reserves rise to $36.723bn at end-November
Cairo’s foreign reserves have been climbing since the country secured a $12 billion, three-year International Monetary Fund loan programme.
-
Refugees contribute to Egypt's economy with USD 800m
Egypt is hosting about 200,000 refugees who are officially registered.
-
Egypt to begin lowering tariffs on EU cars in January 2018
The tariffs would be lowered starting from January 2018 as part of the Egyptian-EU partnership agreement.
-
Shadow economy is a main challenge for Egypt
Turning the shadow economy into an official economy is one of the main challenges facing Egypt today.
-
Egypt launches e-Visa at ICT 2017 conference
The online e-Visa system will serve visitors looking to travel to Egypt from any of 43 countries, including the US, Canada, the UK and France.
-
Exxon eyes Egypt's offshore oil and gas
Officials from world's largest listed oil producer held talks with Egypt's petroleum ministry to discuss investments in oil and gas production.
-
Vodafone negotiating world cup deals
Vodafone Egypt negotiates with Russian operators for offers to Egyptians at World Cup. They expect 10% increase in investments over next 3 years.
-
New law regulating gas market will attract investment
Petroleum Minister Tarek el-Molla said that Egypt is successfully moving towards achieving self sufficiency in natural gas.
-
Total Egypt controls around 10.5% of market
The company currently annually creates 500 new job positions in Egypt.The company runs a network of 237 service stations throughout the country.
-
Egypt scraps foreign exchange restrictions for importers
Earlier this year, the CBE scrapped limits on transfers abroad as the liquidity situation improved.
-
EFG Hermes picks Egypt as top market in MENA
Egypt achieved the strongest earnings growth in MENA, with this trend to continue on non-banking earnings.