News
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IMF official says Egypt's economy is seeing `Broad-Based' growth
Gross domestic product expanded at an annual rate of 4.6 in the first half of 2017, the fastest pace in seven years which surprised economists.
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Eren, Access Power enter Egypt renewable market
The secured funding will be used to finance the construction of two solar PV plants with a total capacity of 126MWp in Aswan.
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Egyptian Exchange hosts ASEA annual conference next month
This comes as part of the entity’s efforts to activate the cooperation with the African financial centers.
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1,000 new train cars to modernize Egypt's railway system
A complete overhaul of the country’s railway system which has not been updated in 50 years, would cost EGP 70 billion.
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Ghana, Egypt hold business forum to boost trade, investment
A form was organized by Ghana National Chamber of Commerce and Industry and the Egyptian Exporters Association with support from the Embassy of Egypt.
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Saudi fund agrees to pump new investments in Egyptian market
The meetings came on the sidelines of the Future of Investment initiative conference chaired by Saudi Arabia’s Crown Prince Mohammed bin Salman.
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IMF starts second review of Egypt's economic reform programme
The IMF mission’s visit will include a meeting on Sunday with CBE governor Tarek Amer and Finance Minister Amr El-Garhi.
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Scatec Solar closes financing for 400 MW in Egypt
A consortium of international Development Finance Institutions providing a non-recourse finance of USD 335 million, which accounts for 75% capex.
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Nasr, HSBC bank backs Egypt's strategy to lure investments
Nasr asserted the ministry's keenness to cooperate with HSBC bank to lure investors to Egypt especially for the widespread bank branches worldwide.
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Egypt developing infrastructure to accommodate more renewable energy: Minister
Egypt aims to increase reliance on renewable energy to 20 percent by 2022.
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Egypt denies halting French wheat imports
The state grain buyer stressed that French wheat exporters have not stopped lodging bids.
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US Embassy launches Shaghlna program in support of Egyptian economy
The Shaghlna program includes three job fairs the first to be held in November 17 in Aswan, second in Cairo and 3rd in Alexandria.
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Mobile market loses 360,000 clients in August
Despite the drop in mobile subscribers, Vodafone was the only one among the three mobile subscribers to attract 100,000 subscribers.
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Egypt acquires 52% of ME wheat market: Moselhi
The private sector has a storage capacity reaching 12.3 million tons.
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Egypt launches largest trade fair for Chinese investors
China is Egypt's largest trading partner with a trade volume of about $11 billion in 2016 and about $5.2 billion in the first half of 2017.
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London Stock Exchange Group concludes Cairo visit
The aim of the visit was to support the country's economy and help Egyptian businesses and government access London markets.
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Chinese carmaker to build monorail in Egypt
Compared with a subway system, a monorail requires only one-fifth of the building cost and one-third of the construction time.
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Egypt's Banque Misr says enters Russian market
The bank aims to ensure good conditions for Egyptian businessmen who aim at investing in Russia
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Egypt's exports to France increased 21% in 2017
The Egyptian delegation’s visit to France will include meetings with French companies to encourage them to enter the Egyptian market.
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BYD bags mass transit order in Egypt
Egypt is the second overseas destination for the Chinese company after the Philippines.