News
-
Hyundai, Fiat, Kia lead second-hand car advertisements on OLX
Total value of second-hand products put up for sale on OLX Egypt amounted to EGP 4.2bn.
-
India-Egypt trade exchange hit $3.6bn in 2015
In 2015, Egyptian exports to India registered around US$1.5 billion while Indian imports to Egypt were estimated at around US$2.1 billion.
-
Egypt wineries struggle to revive industry
In a somewhat conservative society that mostly views alcohol negatively, authorities impose a prohibitive custom tax of 3,000% on imported wine.
-
Egypt launches multi-lingual online portal to promote tourism
The portal will eventually allow tourists to book online for accomodation.
-
Egypt has shut down half of its licensed currency exchange bureaus for violations
Of the currency exchange bureaus closed, a total of 26 have been closed permanently and their licences revoked.
-
The Economist article is void of objective analysis of Egypt’s economy
It is obvious that The Economist has chosen to take sides with those bent on undermining Egypt, says Abu Zeid.
-
Egypt has proposed 18-month reform program to IMF
The reports by the privately-owned newspapers said the two sides were at odds over the size of a proposed devaluation of the Egyptian pound.
-
Egypt non-oil business activity slows for 10th month in July
Emirates NBD Egypt Purchasing Managers Index (PMI) for the non-oil private sector was 48.9 points in July from June's 47.5 points, still below 50 mark
-
Black Market Dollars Send Egypt Food Stocks to 2013 Low
A Bloomberg chart shows how the dollar crunch is affecting Egypt's.
-
Egypt to buy 60,000 tons of Russian wheat
The average price will be $177.09 per one ton, said GASC, to be shipped during September 11 – 20.
-
Russia-Egypt air security agreement to be referred to Cairo this week
Among Russia’s claims to Egypt are the use of an automated biometric control access system, and problems of in-flight meals control and surveillance.
-
IMF deal credit positive for Egypt, implementation risks remain high
Fitch said it is currently giving Egypt a 'B' rating with a stable outlook.
-
Egypt and Russia coordinate contract on NPP construction in El Dabaa
The official representative from Egypt said that "the date of signing the contract will be determined right after it is approved by the Egyptian State
-
Vodafone still studies Egypt 4G licence draft
Vodafone Egypt in the current stage gives greater attention to provide dollar liquidity that pays half of the licence value.
-
Tough measures to fix Egypt's economy
Egyptian President Abdel Fattah al-Sisi warned Egyptians on Monday that tough measures would be needed to turn the country’s ailing economy around.
-
IMF delegation arrives in Egypt for bailout talks
Egypt has said it was seeking a loan of $12 billion from the IMF over three years, as well as $7 billion from other sources.
-
Telecom Egypt board tentatively agrees to buy 4G license
Only Orange Egypt has disclosed the price it has been offered to obtain the license -- about $400 million.
-
Egypt raids 10 foreign exchange bureaus over black market trading
The central bank blames speculation by black market traders for increasing downward pressure on the currency that it can ill-afford to defend.
-
Zen Technologies bags order from Egypt's Defence Ministry
Order for providing range of training equipment including Smart Target Systems.
-
Egypt asks IMF for a 3-year loan to help struggling economy
An IMF delegation will start a two-week visit to Egypt on July 30 to continue the talks.