News
-
SODIC to invest up to $2.5bn in Egypt real estate
Earlier this year SODIC agreed to pay EGP 900m to the Egyptian government over seven years after reevaluating the East town project in Cairo.
-
Deutsche Bank plans to allocate $35m in grants to Egypt: Investment Minister
German bank studying new and renewable energy and road projects, as well as Suez Canal Axis Development project.
-
Online Shopping made easier in Egypt
Online shopping website Edfa3ly.com (Arabic for ‘to pay’) hopes to drive a cultural change towards online shopping in Egypt.
-
Egypt signs with six international firms to dredge new Suez Canal
Egypt hopes the new canal will more than double revenues from the waterway by 2023 to $13.5 billion from $5 billion.
-
Price rises to kill fertiliser black market: Agriculture Minister
Farmers syndicate questions government’s ability to cut black market and says price rises burdens farmers.
-
Egypt's broadband market worth LE310 bn by 2030
The Egyptian telecommunications industry has seen rapid growth over the past 10 years, driven by the uptake of mobiles.
-
Egypt's natural gas exports down 86% y-o-y in August
Natural gas exports continue to drop as more production is used to meet Egypt's rising electricity demands.
-
Tamar partners negotiating sale of natural gas to Egyptians
Gas will be delivered via pipeline originally built to transport Egyptian gas to Israel.
-
Egypt 2014 economic reforms obtain IMF-World Bank commendation
Egypt 2014 economic reforms received much praise at the IMF/World Bank annual meetings that ended earlier this week in Washington.
-
2014 sees significant investment, acquisitions in mobile phone sector
Investments injected into the telecommunications and IT sector will be directed toward mobile applications during the coming phase.
-
Egypt's growth to reach 6% in FY 2018/19: Minister
Egypt's government has announced a five-year plan to raise growth to 6% and cut debt to 80-85%.
-
Egypt agriculture poised for growth
KADCO’s main focus is to cultivate crops such as wheat, corn, alfalfa and barley for the domestic market.
-
Egypt’s bold reforms start to bear fruit
Most significant are cuts to Egypt’s ruinous subsidies, which Sisi slashed by about a third in July.
-
Foreign investment in Egypt doubles to over $6 bln in 2013/14
After nine months of the 2013/14 fiscal year, FDI had stood at $4.4 billion.
-
600 hotel rooms booked: Egypt chooses partners for economic summit
The government intends to attract investments to fund projects worth approximately $80bn.
-
Egypt Q4 GDP growth rate up to 3.7 pct as confidence returns
Economic growth rate rises up beginning April till end June 2013 as confidence increases - annual growth remain relatively low at 2.2%.
-
Egypt Air to resume Zimbabwe flights in November
The airline, which used to fly three times a week between Cairo and Harare, had announced in August that the route was not lucrative enough.
-
Investment ministry forms advisory committee for public sector management
The committee will meet monthly and will follow up on the implementation and restructuring plan initiated by the ministry.
-
Polish tourists favour Egypt for holidays: Report
Polish tourists prefer Egypt's Red Sea resorts over Greece, Spain and Turkey, says a report by a Polish tour operators association.
-
Citigroup says goodbye to Egypt, 10 countries
Citigroup, the U.S. bank with the broadest global reach, isn't so keen on globalization these days. It's pulling out of 11 countries.