Economy
Russia lifts ban on Egyptian potato exports from 8 regions
June 2, 2018
Russia lifts ban on Egyptian potato exports from 8 regions
Minister of Trade and Industry Tariq Qabeel said that the Russian authorities have agreed to lift the ban on Egypt…
Another billion cubic feet of gas from Zohr field by the end of 2018: minister
May 30, 2018
Another billion cubic feet of gas from Zohr field by the end of 2018: minister
The Egyptian Petroleum Ministry is currently accelerating development for the Zohr natural gas field’s production in order to reach…
Egypt tourism revenues surged 83.3 % in Q1
May 27, 2018
Egypt tourism revenues surged 83.3 % in Q1
Egypt’s revenues in the tourism sector jumped 83.3% in the first quarter (Q1) of the 2018 fiscal year, reaching $2.2…
World Bank expresses content with “Takafol w Karama” accomplishments: Social Solidarity Minister
May 26, 2018
World Bank expresses content with “Takafol w Karama” accomplishments: Social Solidarity Minister
A delegation from the World Bank met with Minister of Social Solidarity Ghada Wali on Friday to review the accomplishments…
Egypt-Saudi electricity power link project to start in 2021
May 23, 2018
Egypt-Saudi electricity power link project to start in 2021
Egypt’s Ministry of Electricity announced that it will sign contracts for the electricity interconnection network with Saudi Arabia by…
US dollar price increases significantly Wednesday
May 16, 2018
US dollar price increases significantly Wednesday
The US dollar exchange rate witnessed a notable increase against the Egyptian pound on Wednesday reaching an average of…
Egypt’s banks working hours to end at 1:30 pm in Ramadan: CBE
May 15, 2018
Egypt’s banks working hours to end at 1:30 pm in Ramadan: CBE
The Central Bank of Egypt (CBE) stated on Tuesday that the bank’s working hours during Ramadan will start at 9:30…
Egypt sovereign credit rating upgraded to B: S&P global ranking
May 12, 2018
Egypt sovereign credit rating upgraded to B: S&P global ranking
Standard & Poor’s (S&P) global ranking lifted Egypt sovereign credit rating to B from B-, citing the country’s progress of…
Egypt takes another step to become self-sufficient with natural gas by the end of 2018
May 11, 2018
Egypt takes another step to become self-sufficient with natural gas by the end of 2018
Italian gas company Eni announced it has begun operating its third production unit in Zohr gas field. The move will…
Egypt approves USD$ 105 mn exploration agreement with Eni, Tharwa in Mediterranean
May 11, 2018
Egypt approves USD$ 105 mn exploration agreement with Eni, Tharwa in Mediterranean
Egypt approved a USD $105 million exploration agreement with Italy’s Eni and the Egyptian Tharwa company to search in the Mediterranean for…