News
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Egypt needs at least $28 billion in private sector investments: Minister
Private investments to drive growth rate to 3.5% this fiscal year as the state streamlines budget, says Investment Minister.
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Novartis grows by 15%: CPO Head and Country President
Abouseif discusses the company’s progress, and the introduction of breakthrough medications in Egypt.
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Egypt's trade deficit plunges in June
Egypt's trade deficit falls 63.5 percent year-on-year in June, as exports rise slightly and the value of total imports decreases sharply.
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Egypt expects $425 million from Islamic Development Bank, for refinery, airport
$198 million are earmarked for a refinery in Assiut, and $226.8 million will go towards the first phase of the Sharm el-Sheikh airport project.
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International conference in Egypt requests hosting 50 world largest companies
Egyptian consultations in China to attract investments, Egypt to be export centre for Chinese technology firm.
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Minister: Egypt keen on promoting cooperation with Russia
Minister of Trade and Industry Mounir Fakhry Abdel-Nour has underlined Egypt's keenness on enhancing cooperation with Russia in all fields.
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Saudi-Egypt electricity grid project to be finalized soon: official
ECRA is seeking to boost its activities by introducing international experts to help monitor some of its local operations.
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Egypt, Uganda discuss boosting bilateral cooperation
They discussed ways to boost bilateral cooperation in the field of agriculture and livestock wealth.
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E-Finance to launch EGP70m new HQ in Smart Village by May
The company's capital reached EGP120 million since its inception and it has increased to EGP180 million.
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Egypt to invite IMF to assess economic reforms
Ministry of Finance says government will invite IMF before Egypt’s economic summit in February 2015.
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Egypt's GDP growth reaches 3.5 pct in Q4 of 2013/14 fiscal year -fin min
The government is now walking a fine line between trying to cut its deficit whilst luring investors and restoring growth.
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Egypt’s Pioneers Holdings likely to acquire Arab Dairy Firm
This is a sign that businesses are beginning to steam ahead with their growth and expansion plans despite continuing political upheavals.
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Cairo-Cape Town Highway: From vision to reality in 2015
Egypt’s Minister of Transportation has announced that the Cairo-Cape Town Highway will commence trial operations at the start of 2015.
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Egypt, Burkina Faso discuss cooperation
The meeting took up the latest developments in Libya and Mali as well as efforts to restore stability in both countries.
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EU signs 70 mn euro grant for Egypt job creation
Decision on 2014/2015 grant assistance to be taken next month, says EU ambassador to Cairo, and should create jobs in local communities.
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Egypt ratifies agreement with Cyprus for co-exploitation of hydrocarbons
The agreement concerns the exploitation of hydrocarbon reserves straddling the median line between the two countries’ exclusive economic zones (EEZ).
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Over LE7 billion frozen in Egyptian assets worldwide, says report
There about $750 million frozen in Switzerland and LE85 million frozen in the UK, while the amount remaining in other countries remains undeclared.
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Egypt to host first corporate travel exhibition to boost tourism
Egypt is launching its first ever Corporate Travel Market exhibition for the international corporate travel sector.
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Egypt opens first solar-powered gas station
Station is part of pilot project from Misr Petroleum, as Egypt begins to look to solar power to beat its energy crisis.
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Egypt signs $500 mln World Bank gas loan
The loan will help fund a Petroleum Ministry plan to connect 850,000 Egyptians, particularly in largely rural Upper Egypt, to a natural gas grid.