News
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Trump to 'consider' resuming military aid to Egypt
Egypt was furious over the US decision to freeze USD 195 million in military aid in response to Egypt's poor record on democracy and civil liberties.
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Uber to launch public bus service in Egypt
Uber has not announced the price of its awaited service, which is expected to be introduced in the upcoming three months.
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Egypt is officially Africa's no1 investment destination
Egypt just overtook South Africa as the continent's top investment destination.
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Egypt inflation has peaked, governor says
"We’ve been aggressive in our monetary policy and this has been resisted a bit. But it’s important so we can get our shop fixed very quickly"Amer said
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Egypt plans to plug budget gaps with more foreign debt
Egypt will issue a 1.5 billion euro (USD 1.8 bln) bond by the end of November and another USD 10 billion in Eurobonds next year.
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Mercedes-Benz resumes assembly line in Egypt
Suez Canal Economic Zone (SC Zone) delegation made an agreement with Mercedes-Benz company officials to resume its assembly line in Egypt.
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Egypt garment exports reach $941 million in 8 months
Exports to Arab countries increased by 44% reaching $37 million whereas exports to African countries increased by 36 percent, reaching $201 million.
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US dollar exchange rates witness slight decline
A recent report by CNN Arabia revealed that prices of the US dollar are likely to surge to LE 19 by 2018 and EGP 20 by 2019.
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Most of Egypt's idle factories closed for operational reasons
Minister of Manpower Mohamed Saafan said that 186 factories had been registered as part of a plan to reactivate closed factories.
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Egypt’s digital economy to hit record $3.5 billion in 2017
In Egypt, ICT’s contribution to GDP is currently $3.17 billion, according to the Ministry of Communications and Information Technology.
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Apple unveils iPhone X in major product launch
The phone, which is priced at $999 and ships on Nov. 3, as well as the holiday shopping season that follows are the most important for Apple in years.
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Qatar crisis a negative for all countries involved: Moody's
Persistent tensions between Qatar and its neighbors will have the biggest impact on Qatar and the island-nation of Bahrain.
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Egypt's net FDI rises 14.5 pct in 2016-2017
FDI rose to $7.9 billion in the 2016-2017 fiscal year that ended on June 30.This is well below Egypt’s target of $10 billion.
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India to step up cooperation with Egypt in textiles sector
India will increase textile machinery supplies to the Arab country.
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The business of war: Egypt, others eye reconstruction bids
It appears Egypt will be involved in rebuilding both Syria and Iraq along with Chinese, Russian and European investors.
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Opium seeds spook wheat traders as Egypt holds back cargoes
Egypt risks facing tender boycotts for a second season after it stopped another vessel from unloading on concern it may contain poppy seeds.
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High-speed 4G mobile internet to come into effect in Egypt this month
The ministry would offer more wireless frequencies for sale at an unspecified later date, the minister told journalists.
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Remittances from expatriate Egyptians at $14.5 bln since currency float
Remittances for the month of July rose to $1.8 billion compared with $1.2 billion during July last year.
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Egypt's new stock exchange chief wants to invigorate markets in 6 months
Mohamed Farid said that the main reform would be reducing trading halt times to 15 minutes, down from 30.
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Egypt may reject 59,000 tonnes of French wheat
Egypt threw the international grains market into confusion in 2015 by rejecting a cargo that contained the common wheat fungus ergot.