Economy

Italy to establish first chain store in Egypt

Italy to establish first chain store in Egypt

A memorandum of understanding between the Egyptian Grg company and the Italian Sopria Holding Group was signed Sunday to open…
First digital platform for trade exchange between Arab chambers and Argentina launched

First digital platform for trade exchange between Arab chambers and Argentina launched

The Arab Argentine Chamber of Commerce announced the launch of an interactive web platform on Sunday, enabling Argentinian and Arab…
Egypt’s Cooperation Minister discusses EBRD’s new strategy

Egypt’s Cooperation Minister discusses EBRD’s new strategy

Egyptian Minister of International Cooperation, Rania al-Mashat held a video-conference meeting with the Acting President of the European Bank for…
French companies consider investing in Egypt’s gas and oil sector

French companies consider investing in Egypt’s gas and oil sector

Egypt’s Minister of Petroleum and Mineral Resources, Tarek al-Molla on Friday received the French Ambassador in Cairo Stéphane Romatet to…
Egypt’s headline inflation decreased to 3.4% in August

Egypt’s headline inflation decreased to 3.4% in August

Egypt’s annual urban consumer price inflation decreased to 3.4 percent in August from 4.2 percent in July, the country’s statistics…
Egypt’s foreign reserves up to US$38.366 billion in August: CBE

Egypt’s foreign reserves up to US$38.366 billion in August: CBE

Egypt’s foreign reserves hit US$38.366 billion in August, an increase of $51 million from July, a Monday statement by the…
Zohr gas field capacity exceeds 3 billion cubic feet per day, says minister

Zohr gas field capacity exceeds 3 billion cubic feet per day, says minister

The production capacity of the Zohr gas field in the Mediterranean Sea currently exceeds three billion cubic feet per day,…
New Korean ambassador visits Beni Suef, says Korea supports Egypt’s development

New Korean ambassador visits Beni Suef, says Korea supports Egypt’s development

The newest Korean Ambassador has made his first visit to Beni Suef on Friday, a hotbed for Egypt-Korea educational and…
Egypt signs $2 bln loan with regional, international banks -statement

Egypt signs $2 bln loan with regional, international banks -statement

CAIRO (Reuters) – Egypt signed a two billion dollar conventional and Islamic loan with several international and regional banks in…
Egypt’s economic situation receives international praise: Report

Egypt’s economic situation receives international praise: Report

The Ministry of Planning and Economic Development issued a report discussing the opinions of several international institutions on Egypt’s economic…
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