News
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Mahlab to name GAFI's board of directors soon: Investment Minister
The new board is set to include four Arab businessmen, for Egyptian businessmen and two Ministers, said Salman.
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Mideast's one Islamic Banking woman CEO sees Egypt growth
ADIB Egypt, which completed deals for about 3.3 billion pounds since February 2013, is moving to capture share among conventional banks.
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Egypt tourist numbers decline 20.5 pct in June year-on-year
Tourism rates continue to drop in Egypt though many European countries have lifted travel bans as relative stability returns.
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Consultants say Egypt needs $120 bln inflow over 4 years - officials
The Egyptian officials said the country would seek dollar-denominated investments and loans from local and foreign investors.
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Sisi: Egypt's vision depends on free economy
Sisi stated that the free economy policy aims at improving the conditions of the low-income people and maximizing their resources.
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Egypt's United Bank to boost SME funding
Ashmawy said Egypt had the strong workforce, raw materials and business environment needed to support growth in the SME sector.
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Egypt's central bank seen keeping key interest rates on hold- poll
All five economists polled by Reuters said they expect the central bank to keep rates on hold in their meeting on July 17.
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UAE's Arabtec eyes partnership with Egypt's NBE
A preliminary agreement has been reached to sign a deal under which Arabtec will execute projects for the bank.
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BP to invest $10bn in Egypt's gas fields over next 5 years
Deal should see work begin in gas fields capable of producing 20 percent of Egypt's total daily gas output.
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Egyptian Government signs MOU to fund local cloud initiatives
The group of services covered by the agreement includes HR platforms, asset management and fleet management.
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5.9B EGP donated by businessmen at Sisi banquet
Among the businessmen who attended the banquet were Naguib Sawiras, Mamdouh Abbas, head of GB Auto Raouf Ghabbour etc.
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US offers Egypt late invite to Africa summit in Washington
A US official said the late invitation had been offered as Egypt had recently been allowed back into the African Union after a year's absence.
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The UAE can offer Egypt guidance on tricky issue of subsidy reform
The new budget cuts energy subsidies from 134 billion Egyptian pounds (Dh68.63bn) in 2013-14 to 100bn pounds this fiscal year.
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Investment minister promotes Egyptian economy to Asian diplomats
Korean delegation to visit Cairo in August will consider investment increases and invite Egypt to attend investment conference in Japan.
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SANAD issues $10 million loan to ALEXBANK in Egypt
The SANAD Fund for MSME said they had "found an ideal partner [in ALEXBANK] to anchor SANAD in Egypt".
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Italian ambassador discusses economic cooperation with Egypt
Italy is interested in establishing investment projects in Egypt and increasing cooperation between the two countries.
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World Bank approves $300 million interest free loan to Egypt
Loan gets green light to finance micro and small enterprises in Egypt, especially in Upper Egypt.
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Administrative reform, social safety net to help economy reach 3.2% growth: minister
El-Araby says the government will announce an administrative reform road map to improve the efficiency of government’s institutions.
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National Bank of Egypt eyes dollar-denominated bond sale in 2014
There has not been a final decision yet regarding the value of the offering, but it will range between USD 600 million and USD 1 billion.
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Sudan, Egypt agree on biannual Investment Forum
Ministers decided on cooperating in joint investments, particularly agriculture, industry, construction, and animal wealth sectors.