News
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Price decline is freshening hopes in the automotive market
Decline of prices is an initiative by the merchants that will not last for so long, according to El-Magd.
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Tourism shows signs of recovery in Egypt
Visitors from China, Japan and Ukraine account for a large part of the growth.
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US dollar exchange rate continues decline to lowest levels since November
Purchase prices at the CIB, the Suez Canal Bank and Agricultural Credit stood at LE15.90; while at Banque Misr.
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Egypt shuffles Cabinet, appoints 1st female governor
Agriculture, investment and international cooperation, trade, local development, planning, education and transport ministries were shuffled.
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Egypt parliamentary committee expects dollar to cost EGP 13 this summer
The Planning and Budget Committee says the country's IMF reforms have begun to pay off, depressing demand for USD and causing its value to drop 5%.
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Egypt LNG Market to Reach 4.5 MMT by 2025: Says TechSci Research Report
Growing demand for electricity and rising application in various industries is expected to boost demand for LNG in Egypt during 2016-2025.
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Egypt's unemployment slightly down to 12.4 percent in Q4/2016
Unemployment among men in Q4 reached 8.5 percent, while 25.3 percent of Egyptian women in the workforce are unemployed.
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Egypt's GASC receives offers for soyoil, sunflower oil in tender
The tender also saw offers of sunflower oil, with a lowest bid at $799 a tonne c&f for 30,000 tonnes for arrival in March.
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As pound strengthens, Egypt adjusts customs exchange rate to 16 per dlr
ECB set the initial rate at 18.5 pounds to the dollar, in line with the interbank rate at the time.
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Egypt hopes to reach gas market balance in 2018, to export by 2020
EGAS chief Al-Masry said BP's North Alexandria field is on a fast track and will be six months ahead of schedule.
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Egypt to set schedule for repaying oil companies soon
Egypt's arrears owed to foreign oil companies stood at $3.5 billion at the end of December, down from $3.6 billion in September.
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Crackdown on fake cotton helps revive Egypt crop
The sale of falsely labelled Egyptian cotton have increased demand for the real thing, injecting life into a dying historic industry.
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Rehlat marks anniversary with new Egypt website
Leading online travel company Rehlat, which is celebrating its anniversary this month, has debuted its website for the Egypt audience - www.rehlat.com
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Egypt's rising inflation expected to go down in April
Egypt's CAPMAS announced that the annual headline inflation rose to 29.6 percent in January from 24.3 percent in the previous month.
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Russia and Egypt can sign contracts on nuclear power plant in 2017
On November 19, 2015 Russia and Egypt signed an inter-governmental agreement on constructing the first nuclear power plant in El Dabaa.
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PWC’s ‘brave’ report forecasts Egypt and Pakistan will surpass Canada’s economy by 2050
By 2050, emerging economies as Mexico and Indonesia could be larger than the UK and France, while Pakistan and Egypt could overtake Italy and Canada.
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Emerging economies expected to dwarf developed markets by 2050
Egypt and Pakistan may just surpass Canada's economy by 2050.
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Vodafone gains 623,600 subscribers from July to September 2016
Data usage services increased to 39.15m terabytes.
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Jordan, Egypt discuss trade ties
Chairman of the Jordan Chamber of Commerce (JCC), Nael Kabariti, received Trade Minister Plenipotentiary of Egypt, Abeer Kamal to discuss trade ties.
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Careem targets 30% growth in business size in Egypt during 2017
Careem is an online transportation company that connects passengers with drivers via a mobile application.