News
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Saudi Arabia announces $500-bn investment city linked to Egypt, Jordan
Saudi Arabia's economy, though rich, has struggled to overcome low oil prices.
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Egypt says wheat reserves sufficient for 4 months
the country has wheat reserves sufficient for four months and sugar reserves for 5.2 months.
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Egypt's investment minister, Swiss ambassador discuss new strategy to boost business
The $87 million plan will seek to boost Swiss investments in various areas, including the New Administrative Capital and the Suez Canal Economic Zone.
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FM opens Egyptian-Portuguese business council
The opening ceremony was attended by a host of Egyptian and Portuguese businessmen.
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Bahrain, Kuwait, UAE to lift ban on Egypt agriculture exports
The 3 countries had banned various agricultural imports from Egypt, including pepper, lettuce and onion, earlier this year.
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Egypt Prez desires to take ties with India to higher level
During the meeting at Al Alamein, the two leaders discussed ways to further strengthen the bilateral ties.
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Head of Egypt Stock Exchange expects to attract new investors in coming period
Emerging markets have contracts markets.This is clear in request from some international financial institutions to sign contracts on Egypt products.
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Egypt expects to renew financing deal with global banks
The original US$2 billion repurchase agreement, signed in November 2016, had a one-year maturity.
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Egypt says Ramses II temple unearthed southwest of Cairo
The temple which may shed light on the life of the 19th Dynasty pharaoh, over 3,200 years ago.
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Egypt- Government increases borrowing from domestic market to highest level ever during Q2 2017/18
The country suffers from a deficit in the general budget estimated at EGP 379.6bn during the fiscal year (FY) 2016/2017:Minister of Finance.
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Egypt issues EGP 13.25 billion in treasury bills
Egypt's finance ministry said a 91-day-term treasury bill was issued worth EGP 6.5 billion with an average yield of 18.984% from 19.001%.
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Morocco to Surpass Egypt as North Africa’s Largest Automotive Market
Morocco is expected to dethrone Egypt as North Africa’s largest automotive market by the end of 2017, says BMI Research.
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Egyptian-European business council meets Italian amb. Sunday
The meeting will discuss establishing an Italian industrial city in Egypt that produces cars, clothes, furniture and leather.
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Chinese firm finalizes deal for building huge business district in Egypt's new capital
The district includes a 345-meter high skyscraper, the would-be highest building in Africa, 12 business complexes,5 residential buildings and 2 hotels
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Gas market law regulations in Egypt to be ready before year-end
The new law will organize downstream gas, payments for outstanding debts, and access to state infrastructure.
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Beta Egypt to market its first project in El Mostakbal City before year-end
All phases and landscape of Beta Greens project will be delivered within 9 months, says Beta Egypt chairperson.
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Decree mandates price tags be on all food products in Egypt
The decree also imposes penalties on those who violate the law with one to five years in prison and a fine between EGP 300 and EGP 1,000.
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Egypt’s inflation dips in September
The central bank raised its key interest rates by 200 basis points in July, seeking to ease the inflationary pressure, but has kept them since.
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Situation of Vodafone's share to be decided by Ministry of Communications
TE which launched as the 4th mobile operator this year, owns 45% of the shares of Vodafone Egypt.
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EU wheat prices fall as Egypt opts for Russian supplies
Egypt’s state buyer GASC said on Tuesday it had bought 170,000 tonnes of Russian wheat in an international purchasing tender.