News
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Egypt to keep customs exchange rate at 16 pounds in October
The pound has gradually strengthened in recent weeks to about 17.71 to the dollar, up from about 17.75 last month.
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Orange and Vodafone launch 4G services in Egypt
Orange and Vodafone have launched 4G services in Egypt after months of delays and setbacks because of a dispute with regulators over licence terms.
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US pledges over $100 mln in cooperation agreements with Egypt
Egypt and the US signed 8 economic cooperation agreements worth $121.6 million in investment, education, health, agriculture and water management.
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UK eyes world’s biggest wheat market Egypt for post-Brexit trade opportunities
British wheat is on display at a trade delegation in Cairo, the world’s largest importer of the grain, in a bid to tap into the market.
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Drug shortages hit Egypt, patients resort to black market
The shortage comes after the Health Ministry and pharmaceutical companies to raise drug prices by up to 20%.
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The Economy Is Gathering Strength
The IMF program in Egypt is off to a good start, with the government carrying out bold but necessary reforms while protecting the poor.
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Egypt extends import tariffs on rebar from China, Turkey, Ukraine
The extension means the tariffs will now remain valid until Dec 6.
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India and Egypt aim at boosting tourism industry
India has organised a seminar here to make Egyptians aware about its diverse culture and boost tourism between the two nations.
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Nuclear education to have a positive impact on Egypt’s economy
Egypt is about to sign the final contracts with Russia’s Rosatom for the construction of its first nuclear power plant at El Dabaa.
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Rising cost of Spanish holidays is a boost for Egypt, says Thomas Cook
“favourable prices” on packages to Turkey, Egypt and Tunisia would shift the attenstion from Spain towards there.
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Major European investment funds to inject cash in Egypt as economy recovers
Minster of Finance Amr El-Garhy meets with investors to discuss further opportunities.
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Egypt: The Economy Is Gathering Strength
The first review of Egypt’s economic reform program from IMF is out and it carries good news.
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Egypt- How will the mobile market change after fourth operator joins?
Internet bundles of TE start at the price of EGP 10, providing customers with 1 GB. The EGP 200 bundle provides 40 GB.
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Yields drop on Egypt’s five-, 10-year T-bonds
Hany Farahat, senior economist at Cairo-based CI Capital, attributed the improved liquidity to higher foreign currency inflows in recent months.
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Market will recover in coming period: CEO of Toyota Egypt
Toyota is one of the largest, oldest and most popular automobile company and the bestseller in Egypt.
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British trade delegation arrives in Egypt to explore new investment opportunities
The British delegation is also expected to visit the new administrative capital and meet with the project's chairman Ayman Ismail.
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Japan’s Freetel enters Egypt smartphone market
Freetel has launched in Egyptian Market in partnership with Egypt's largest smart phone distributor, MTI Group.
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EIB to loan Egypt's Banque Misr $500 mln to fund SMEs
According to EIB, a total 890 million euros were slated for Egypt in 2016 under the EIB’s commitment to Mediterranean partner countries.
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Egypt's Suez Canal revenues jump to $470.6 million in August
In August, 1,528 ships passed through the Egyptian waterway compared to 1,462 in the same month last year.
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Average yields fall on Egypt’s six-month, one year T-bills
Yields on the 182-day bill dropped to 18.434% from 19.110% at the last sale. Yields on the 357-day bill fell to 17.868% from 18.7%.