News
-
IMF ready to help Egypt if requested
Till now, Egypt did not ask for any help from the fund or announce plans for seeking to get a loan or a certificate of safety.
-
Veronafiere creates African construction hub in Cairo
Veronafiere is betting on Cairo to create a trade fair hub for the construction industry aimed at the entire African continent, named Projex Africa.
-
Egyptian automotive corp to exclusively manufacture Russia Lada Granta
Al-Amal is expected to be the sole manufacturer and assembler of Lada Granta in the Middle East and Africa once it starts production in Q4/2014.
-
Egypt extends purchases to buy 4 mln t local wheat -MENA
The Supplies Ministry said last week that Egypt had bought 3.7 million tonnes of domestic wheat this year.
-
Army donates EGP1 billion to Sisi's pro-economy fund
The Armed Forces announced supporting an initiative by President Abdel Fattah el-Sisi to boost the national economy.
-
Egypt to pay $1.5bn oil debt this year, restarts BP deal
The latest government figures put Egypt's debts to foreign oil companies operating there at $5.7 billion.
-
Qalaa Holdings signs agreement for Sphinx Glass
The size of the transaction will imply an enterprise value of around US$ 180 million which translates into a cash consideration of US$ 114.2 million.
-
Algeria, Egypt's Sisi talk security, gas shipments
The offer of five 145,000-cubic-metre cargoes was made after a visit by Egyptian President Abdel Fattah al-Sisi to Algiers.
-
Egypt-Saudi company to invest $245 million in housing units
Egyptian state news agency MENA said Saudi Arabia would inject $124 million dollars into the Saudi Egyptian Construction Company.
-
Egypt gets $385m IDB loan for power station
The IDB loan is for a plant in Helwan, south of Cairo, expected to generate 1,950 MW, a statement from the ministry of electricity said.
-
Egypt allocates $50 million to revive tourism: official
The allocation will be directed to an intense advertisement campaign among countries with the highest rates of travelers to Egypt.
-
US lawmakers: Egypt's "descent toward despotism" risks US aid
Further funds should be withheld until Egypt's leaders demonstrate a commitment to human rights.
-
Egypt expanding efforts to ease food subsidy costs -minister
The new system aims to raise incentives for Egyptians to buy only as much subsidised bread as they need.
-
Egypt has enough wheat to last 6 months: Official
Wheat stocks should last until the end of the year, thanks to the government buying a record 3.7 million tons of wheat from local farmers.
-
Central Bank of Egypt establishes "Long Live Egypt Fund" to support economy
Fund will use account number 037037 in reference to the date of former president Mohamed Morsi’s ouster.
-
The military crowds out civilian business in Egypt
Assigning domestic infrastructure projects to the military is hardly a new practice by Egyptian authorities.
-
Egypt susceptible to economic pressure from West, say experts
Canada and U.S. urged to use influence at IMF to step up pressure over rights abuses.
-
Nestle opens chocolate plant in Egypt, builds factory in Dubai
The new plant in 6th of October City is a 65 million-Egyptian-pound ($9 million) extension to Nestle's existing dry goods factory.
-
Stock Exchange ignores Sisi's speech, loses LE4.8 bn
The main EGX30 index dropped 1.66 percent to 8,167.43 points, and the small and medium stocks EGX70 index dropped by 1.56 percent.
-
Precautionary measures on Egypt bourse to be removed
Limits on stock price movement to be extended from 5 to 10 percent after Ramadan, financial watchdogs announce.