News
-
Green energy could save Egypt’s economy
Egypt is going through a transitional period, which might be a unique opportunity to move toward sustainable development and adopt an inclusive green economy strategy to achieve social equity and protect the environment.
-
Egypt Holds Record Currency Sale After Gulf Aid Boosts Reserves
The Central Bank sold $500 million to banks this week to clear a backlog of food imports.
-
Egypt moving forward with reforms, trade minister
Italy confirms confidence during Abdel Nour's visit to Rome.
-
Egypt: Central Bank Reduces Foreign Exchange Auction Days to Three Per Week - Statement
Egypt's foreign reserves jumped to $20.525 billion at the end of April, an increase by $5.234 billion from last month.
-
Egypt: Banks told to sell dollars
The country taps cash aid from its Gulf allies to fight the highest food inflation in five months.
-
Egypt's Crédit Agricole posts 60% higher profits in Q1
Profits rose to LE236 million in the first quarter of this year, compared to LE147.6 million in the same period last year.
-
Expo: food theme of Italian Cooperation in Egypt
The theme of Expo Milan 2015 - Feeding the Planet, Energy for Life, is an element coinciding with the objectives of many programs funded by the Italian Cooperation in Egypt.
-
A travelling agency brings outer-space trips to Egypt
According to Abdelgliel, the agency is set to start its first space voyage with more than 25 participants.
-
Egypt launches Ain Sokhna power station worth $1.3 bn
The new station is expected to help reduce Egypt’s power generation gap.
-
World Bank lends Egypt $500 mln for social housing project
Madbouly said 170,000 units would be completed by the end of the year, bringing the total number of finished units to 250,000.
-
Egypt's reserves climb 34% in April
Reserves stood at about $36 billion before the 2011 uprising.
-
Egypt's GB Auto says shareholders take up $125.8 mln cash call
GB Auto said it raised 958.7 million Egyptians pounds, or 99.86 percent of its proposed $960 million rights issue.
-
Oppo to invest EGP 100 million in Egypt’s smartphone market
The move is expected to provide jobs and benefit the IT sector in Egypt.
-
Egypt economic policies starting to pay off, IMF says
Government of President Abdel Fattah El-Sisi didn't request an IMF loan, but reiterated that the Fund stood ready to provide assistance if asked.
-
Egypt’s non-oil private sector extends contraction in April: HSBC
Business conditions in Egypt’s non-oil private sector economy worsened driven by an ongoing decline in employment.
-
Emaar Misr's Egypt unit aims to raise $367 mln -statement
The board had recommended to shareholders that the developer offer 600 million shares on the Cairo bourse to raise EGP2.8 billion.
-
Egypt strikes deal to import 120,000 wheat tonnes
The deal is expected to supply Egypt with wheat until the beginning of October this year.
-
Egypt central bank sells $500 million in interbank market
The bank sold $281 million in the interbank market last month and $420 million in March.
-
Egypt: cruises on Nile in crisis, tourists still fearful
Data on tourism down from 2011; now investments for recovery.
-
Egypt issues tender for second LNG import terminal -gas board official
Egypt has struck a number of LNG supply deals, including a March agreement with Russia's Gazprom to import 35 cargoes of LNG.