News
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Egypt-Polish trade exchange to hit $1bn by 2017
He added that an Egyptian mission is set to take part in EEC on 18-20 May with the participation of 50 states to discuss opportunities.
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Government presents plans to create competitive investment in Egypt’s electricity market
Smart meters reduced water consumption by 40% and electricity consumption by 26% in Madinaty: Afify.
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Egypt sets price for local cotton and corn crop
Agriculture Minister Essam Fayed said in a statement that certain types of cotton would be banned during the current season.
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Egypt's cabinet approves 4G mobile network license
The new network will bring higher speeds to mobile internet access.
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Egypt, South Korea Business Forum Starts in Cairo
The forum is attended by a number of well-known companies, notably Hyundai Cars, Samsung and SGS Construction.
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Rosneft delivers its first LNG shipment to Egypt
The delivered cargo of LNG is the first one in Rosneft’s operational history.
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Egypt’s Foreign Exchange Reserves Increased By $450m In April
This increase came as a result of the increase in foreign currencies balances by $406m, recording $13.237bn compared to $12.829bn in March.
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Siemens books big Egypt order, underlying profit jumps
Orders grew 7 percent to 22.3 billion euros, boosted by a 3.1 billion euros order for power plants in Egypt.
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Devaluation intensifies Egypt's non-oil business slowdown in April
The PMI indicator posted 46.9 in April, up from a 31-month low of 44.5 in March but still below 50.
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Egypt’s foreign exchange reserves gain $450m in April
It explained in a statement on its website that the reserves increased to $17.011bn in April, compared to approximately $16.561bn in March.
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Egypt Hopes for Hotel Market Revival
Cairo's hotels once enjoyed occupancy rates of about 75% thanks to tourists eager to visit the Pyramids or take a cruise on the Nile River.
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Huawei Consumer Business Group' chooses Egypt to launch its first Regional Contact Center
In cooperation with 'Teleperformance' Huawei Contact Center provides premium technical services for customers in 11 countries.
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Domestic Investors Pour Money Into Egypt’s Property Market
Rise in prices and sales raise fears of a market bubble; buying houses as a hedge.
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Egypt and UAE talk real estate
During the crown prince’s visit to Cairo, the UAE allocated $4bn in funding to support development in Egypt.
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Tahya Misr to give EGP100 mln to support struggling Egyptian workers
The president also told union leaders during a celebration of Internation Workers Day he wants 'made in Egypt' held up worldwide.
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India, Egypt should find ways to enhance trade ties
The bilateral trade grew 60 per cent over the last five years touching almost USD 5 billion.
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Egypt gets €300m EBRD funding to support SMEs
The European bank official made these remarks during a symposium organised in Fayoum, southwest of Cairo.
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Egypt's Central Bank keeps key interest rates unchanged
Annual urban consumer inflation eased for the third consecutive month in March to 9 percent from 9.1 percent in February.
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Bahrain investors ink 11 business deals
The MoU was signed by Afnan Rashed Alzayani from the Bahraini side and Rim Saim, the Egyptian council’s president.
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Egypt tourism revenue down 66 pct in 1Q 2016
Egypt netted just $500 million in tourism revenue in the first quarter of 2016, down from $1.5 billion a year earlier.