Economy
Egypt’s public debts rise fivefold over past five years
May 8, 2018
Egypt’s public debts rise fivefold over past five years
Minister of Finance Amr al-Garhi stated on Sunday that the Egyptian government is working on a medium-term plan to cut…
Air France KLM shares slump as CEO prepares to quit over union pay row
May 7, 2018
Air France KLM shares slump as CEO prepares to quit over union pay row
Air France KLM (AIRF.PA) shares slumped on Monday after the company’s chief executive said he would resign following the rejection…
IMF says Egypt must deepen reforms to catch window of global growth
May 6, 2018
IMF says Egypt must deepen reforms to catch window of global growth
Egypt will have to deepen its IMF-backed reforms and better encourage private sector growth if it wants to cash in…
Billionaire Naguib Sawaris converts half his fortune to gold
May 5, 2018
Billionaire Naguib Sawaris converts half his fortune to gold
Egyptian tycoon Naguib Sawiris turned half of his 5.7 billion net worth into gold, reported financial newspaper Bloomberg. Sawiris admitted…
Egypt’s foreign reserves hit a new record amid rigorous economic reforms
May 3, 2018
Egypt’s foreign reserves hit a new record amid rigorous economic reforms
Egypt’s net foreign reserves jumped from $42.611 billion in the end of March to $44.030 billion at the end of…
Key sticking points in the US-China trade dispute
May 3, 2018
Key sticking points in the US-China trade dispute
US Treasury Secretary Steven Mnuchin will lead a delegation to Beijing this week to meet with Chinese officials and try…
Electricity ministry to impose renewable energy quota on factories
May 1, 2018
Electricity ministry to impose renewable energy quota on factories
Egypt’s Ministry of Electricity is planning to impose a minimum quota of renewable energy consumption on factories operating in the…
Egyptian exports have increased 81.5% to Cyprus, 22.7% to Greece
May 1, 2018
Egyptian exports have increased 81.5% to Cyprus, 22.7% to Greece
Minister of Trade Tarek Kabil announced that the Egyptian-Cypriot-Greek relations represent a successful model for cooperation, adding that the the…
Game-changing insights into the real estate market NDS
April 30, 2018
Game-changing insights into the real estate market NDS
As the real estate market continues to improve in Egypt, new trends are shaping the market in 2018. The report…
Egypt to focus on tourism development projects along “untapped” coastlines: Minister
April 29, 2018
Egypt to focus on tourism development projects along “untapped” coastlines: Minister
Egypt will be offering international investors the opportunity to develop sustainable cities along the Red Sea and its Mediterranean coasts,…