News
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3,000 workers go on strike in Egypt's Mahalla
The workers in the clothing section of the Mahalla Textile and Weaving Company are striking to demand payment of a variety of benefits.
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Beltone delineates Egypt’s economy over the coming 5 years
Beltone Financial issued its annual report covering the Egyptian economy, titled “the Great Recovery.”
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Egypt sends mission to promote its products in African market
The volume of Egyptian exports to the African market is up to US$3.7 billion currently.
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Egypt's foreign reserves climb to $26.3 bln in January
Tarek Amer said that Egypt received a total of $4 billion in yields from Eurobonds issued on the global bond market last week.
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Raya Holding Plans IPO Of Egypt Data Centre Business For Q2 2017
Company is set to try and enter the local stock exchange after it had to postpone the IPO due to weak financial performance.
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Egypt’s non-oil business activity shrinks for 16th consecutive month
This comes as record-high inflation pushed up prices charged by businesses and sent employment to a four-month low.
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Egypt’s economy over 6 years
Three variables need to be reduced: inflation, unemployment, and debt; and three others must be increased investment, growth, and export.
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IMF support boosts investor confidence in Egypt
More details have emerged regarding Egypt’s ambitious programme of economic reform.
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Egypt rides resurgent wave for emerging market borrowing
Cairo’s ability to sell a 30-year bond shows investors willing to take a long-term bet.
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Winter sale not likely to boost clothes market
Sales that have been witnessing recession since floating of the pound, they used to boost sales by 30%, now it's expected to be not more than 10%.
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Record Egypt-tied note issuance highlights IMF loan cheer
Citigroup Inc. issued all four of the recorded credit-linked notes this month raising a total of 2.3 billion Egyptian pounds.
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Turkish business delegation visits Egypt for first time in three years
The delegation consists of Turkish businessmen representing companies in the fields of fabrics, the food industry, energy and tourism.
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Egypt launches region's largest book fair
The Fair that runs until February 10 includes 35 countries and 670 publishing houses.
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Egypt drops two points on Corruption Perceptions Index 2016
The most populous Arab nation came in 108th out of 176 countries registered in the 2016 report, compared to 88th out of 168 countries in 2015.
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Egypt expects to issue $4 billion in eurobond sale
There has not yet been an announcement on final prices.
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Travel, mobile items, electronics, fashion most popular products purchased online among Egyptians
72% of Egyptian respondents confirmed that they have shopped online, survey results showed.
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Miner Centamin won't bid in Egypt gold tender, terms not viable
Terms include a 6% royalty payment,at least 50% production share, partial cost recovery before start of production sharing.
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US-Egypt Business Council to visit US next April
Mohanna expects a recovery in Egyptian-American relations under Trump's presidency .
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China's Goodsense to establish $100 mln aluminium factory in Egypt
The government will allocate a 16,000 square-meter area in the industrial zone of Ataqa in Suez Governorate for the project.
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Egypt’s Mansour Sees Growth for Palm Hills in Challenging Market
Egypt’s Palm Hills Developments SAE expects a jump in sales this year, even with currency flotation and rising inflation.