News
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Egypt’s cotton U-turn highlights policy issues
Cotton illustrates the problem well. In July, the Agriculture Ministry banned imports in order, it said, to boost local production.
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Egypt inflation hits 13-month low, rate cut likely
Egypt’s consumer prices rose in July at their slowest pace in 13 months, raising prospects that the central bank will cut key interest rates.
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Egypt seeks to strengthen trade with rest of continent
Ministry of Industry and Foreign Trade is looking to double its exports of agricultural crops and is looking to African markets to realize this.
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Egypt's market gains LE660 mn on Monday, EGX30 inches up 0.22%
The EGX market capital gains LE660 million (US$85 million), hitting LE490.20 billion, compared to LE489.54 billion on Sunday.
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China, Egypt plan future cooperation
President Abdel-Fattah El-Sisi will be attending China's World War II victory celebrations next month.
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14 direct benefits for Egyptian economy due to Suez Canal projects
Banks should exert more effort to support development instead of focusing on financing budget deficit, says Ezz El-Din Hassanin.
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India, Egypt to enhance ties for waterways development
The statement said Gadkari congratulated the Egyptian Minister on the completion of new Suez Canal project in record time of 11 months.
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Egypt to Export Long Staple Cotton to Ukraine in Exchange for Wheat
Egypt has long been famous for its unique long staple cotton, a reputation it gained under the British colonial rule.
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7 Things You Should Know About Egypt’s ‘New Suez Canal
The Suez Canal is a strategic waterway for Egypt and it brings the state billions of dollars annually.
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Egypt foreign reserves drop most since 2013 on debt payment
Egypt’s foreign reserves declined at the fastest pace in more than two years after repaying debt and funding a widening trade deficit.
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Egypt seeks to boost economy with 'new' Suez Canal
Egypt on Thursday inaugurates a new Suez Canal touted as an achievement as it seeks to boost both its economy and international standing.
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East Cairo real estate prices expected to continue increasing in 2015
As government announces new projects including new capital Al-Mostakbal City Palm Hills and MHND joint project there is growth in real estate activity
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UAE to provide education, transportation projects in Egypt
The deals, funded by a UAE grant worth $4.9 billion and aimed at providing 900,000 job opportunities.
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Egypt seeks prestige, economy boost with 'new Suez Canal'
The official inauguration of the new Suez Canal project will take place on 6 August and will be attended by world leaders.
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NBE postpones issuance of international bonds
Bank repays bonds, amounting to $600m, which it offered in August 2010.
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Egypt's business activity falls in July as production drops
Output fell in July for the first time in three months, though the contraction was "only slight", and was due to subdued demand.
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QNB Al Ahli, EBRD set $100m for SMEs in Egypt
EBRD provides QNB Al-Ahli with $40m for trade facilitation.
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Egypt awards five oil and gas concessions worth $100 mln
Three other concessions were awarded with minimum investments of $7 million, the statement said.
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Investment, Planning Ministries create action plan to repair, develop public construction companies
National wastewater and sewage sanitation projects programme allocated EGP 2.4bn of this year's budget, says El-Kawish.
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Building Egypt’s biogas market
Taqa Solutions aims to provide systems that can handle loads from 10 kg up to 50 tons, with the equipment all sourced offshore.