News
-
Egypt expects to receive $1.5 billion loans from WB, AFDB before year end
The money is first chunk of $1.5 billion loan that has been negotiated with the AFDB to be sent over three years.
-
Egypt’s dollar crunch siphoning steam from renewable energy plan
Egypt’s foreign-currency crunch has solar developers concerned about financing new power plants.
-
IFC to provide $20.5mn to support Egypt’s tourism sector
The hotels are expected to be among the most eco-friendly in the country, using at least 20 percent less energy than traditional developments.
-
Russia signs deal to build Egypt's first nuclear plant
Sisi announced the project in February during a visit by Russian President Vladimir Putin, when a memorandum of understanding was signed.
-
Investments in vital German market after Sharm exit
Egypt is set to invest in the German market to compensate for fewer tourists from Russia and the UK and after German tour operators also pulled out.
-
Egypt’s trade deficit decreases 25.7% in August 2015-official
The export value dropped by 14.4 percent, standing at EGP13.1 billion in August, while it was EGP15.3 billion a year earlier.
-
Vodafone Egypt invests $1.3bn within 2014-17
The total investments of Vodafone Egypt in local market within 2014-17 are estimated at 10.5 billion Egyptian pounds (US$1.3 billion).
-
Egypt's market inches up on Egyptian, Arab buying
Egyptian investors were net buyers to the tune of LE34 million and Arab investors to the tune of LE10 million.
-
Egypt Needs an Industrial Revolution
An opinion piece titled "How Sinai plane crash can help reinvent Egypt"said Egypt has to diversify its income sources and expand in industrialization.
-
Egypt govt working with CBE to ease currency pressures
Egypt has been suffering from an acute dollar shortage that has left imports piling up at ports with companies unable to open letters of credit.
-
Business News holds preparatory meeting for Egypt Automotive
The summit aims to provide a clear vision that is consistent with the requirements of the current phase and the challenges in the sector.
-
Telecom Egypt posts 360 percent jump in Q3 net profit
Revenue for the quarter rose 8 percent to 2.9 billion pounds, the company said.
-
Volume of trade exchange between Egypt, US was $7.9bn in 2014
US Ambassador: Efforts to expand industrial activities of QIZ agreement to food industry and other sectors.
-
Standard and Poor's reduces Egypt's sovereign credit rating
Statement: "The stable outlook reflects our expectation that Egypt will largely remain politically stable."
-
Egypt's Industrial Bank offers new 3-year certificate at 12.75 pct
The move comes after five lead Egyptian banks last week raised interest rates to above 12 percent.
-
Egypt's unemployment rate falls to 12.8% in Q3
Youth unemployment inched up to 27.4 percent in the third quarter compared to 26 percent in the previous quarter.
-
5 banks represent UAE in Egyptian market
5 UAE banks currently operate in the Egyptian market; ENBD, the National Bank of Abu Dhabi, Abu Dhabi Islamic Bank, Union National Bank and Mashreq.
-
In Sharm El-Sheikh salespeople are haunted by memories of tourists
Before the plane incident, we at least had money to buy our needs, now we don’t,” they say.
-
U.S. military aid for Egypt seen continuing despite rights concerns
Egypt's 2016 package is expected to end up at about the same level as last year's, with $1.3bn in military aid and $150m in economic aid.
-
Russian, French wheat sellers duke it out for Egypt business
In the battle for business of the world's biggest wheat buyer, competition between France and Russia is heating up.