News
-
Egypt's rising economy prompts Chinese President to invite Sisi to BRICS Forum
Egyptian President Abdel Fattah Sisi will take part in the BRICS summit in China in early September.
-
Shuaa Capital in bid to re-enter Egypt market
UAE-based Shuaa Capital, an integrated financial services firm formally begun discussions with Egypt for reintroducing its securities business.
-
Egypt interested in signing free trade agreement with Eurasian Economic Union
Cairo thanks Minsk for its assistance in wording the future document and suporting Egypt in the talks.
-
Egypt looking to attract more S'pore investors
Egypt is keen to work with Singapore to set up an industrial park in the Suez Canal Economic Zone (SCZone).
-
Egypt to lower customs exchange rate to 16 pounds from Sept. 1
The pound has gradually strengthened in recent weeks from about 17.95 to the dollar last month.
-
U.S. to withhold up to $290 million in Egypt aid
The United States has decided to deny Egypt $95.7 million in aid and to delay a further $195 million because of its human rights record.
-
Egypt to hold treasury bill auctions before Eid holiday, bonds after
Egypt will hold several treasury bill sales on Wednesday, replacing auctions originally scheduled during the coming Eid holiday.
-
Egypt's Suez Canal revenues up to $477.1 million in July
In July, 1,453 ships passed through the Egyptian waterway compared to 1,384 the month before.
-
Trump calls el-Sissi to stress ties despite aid cut
President Donald Trump called President Abdel-Fattah el-Sissi to stress the "strength of the friendship" between the two allies.
-
Trump Administration Cuts Military Aid To Egypt
This week the administration surprisingly cut some military aid over Egypt's worsening human rights record.
-
Egypt’s economy will not get affected by U.S. aid cut
After the U.S. denied 95m $ aid because of concerncs about human rights in Egypt, Aliaa El-Mahdy says it won't affect the Egypt economy.
-
The U.S. denies Egypt $96 million in aid
The U.S. denied Egypt $96 million in aid and delayed $195 million in military funding because of concerns over Egypt’s human rights record.
-
Egypt sees sharp rise in trade volume with China
The volume of trade exchange between Egypt and China recorded $5.18 billion from January to June 2017.
-
In Egypt growing worries about climate change's effects
Rising sea levels are affecting the Delta, where the Nile meets the sea and where most agricultural lands are.
-
UAE investments in Egypt have reached $4.9 billion
Dubai Ports signed an agreement with the General Authority for the Suez Canal Economic Zone to build development projects in the Suez Canal Zone.
-
Three Ptolemaic tombs uncovered in Egypt's Minya, contents suggest a 'large cemetery'
Three new discoveries in El-Kamin El-Sahrawi point to a large cemetery spanning the 27th Dynasty and the Graeco-Roman era.
-
First Bitcoin Exchange Goes Viral in Egypt
The young cryptocurrency startup BitCoin Egypt is planning to launch the first registered bitcoin exchange in the country at the end of August.
-
Yields mixed on Egypt’s 3-month, 9-month T-bills
The average yield on the 91-day bill fell to 19.080 percent from 19.131 at the last similar auction on August 6.
-
Egypt's budget deficit drops to 10.9 percent in 2016/17
Egypt's budget deficit for the fiscal year 2016/17 stood at 10.9 percent as opposed to 12.5 percent the year before.
-
Egypt aims to reverse bans on agricultural exports
Egyptian crops from strawberries to peppers have been hit by temporary bans in Saudi Arabia and the UAE & Sudan on concerns over pesticides residues.