Economy

China eases restrictions on foreign ownership of securities ventures

China eases restrictions on foreign ownership of securities ventures

China’s securities regulator has released new guidelines for foreign investment in Chinese security joint ventures in which it eased some…
Egypt signs agreement with Arab Fund to develop electricity grid

Egypt signs agreement with Arab Fund to develop electricity grid

Egypt signed an agreement with the Arab Fund for Economic and Social Development on Tuesday to develop the electricity transmission…
World Bank applauds Sisi’s efforts to tackle Egypt’s economic woes

World Bank applauds Sisi’s efforts to tackle Egypt’s economic woes

President of the World Bank group Jim Yong Kim praised the “economic success” that he said Egypt has achieved and applauded…
US dollar maintains exchange rates on Monday

US dollar maintains exchange rates on Monday

The US dollar maintained stable exchange rates in all banks on Monday, with an average price of LE17.58 in the…
Egypt exports to EU up by 21% in 2017, minister

Egypt exports to EU up by 21% in 2017, minister

Egypt’s Trade and Industry Minister Tareq Qabil said on Friday that Egyptian commodity exports to the European Union (EU) market…
Egypt committed to economic reform and would increase taxes: MInister

Egypt committed to economic reform and would increase taxes: MInister

Egypt’s Finance Minister Amr al-Garhy continued his activity in the US capital Washington, where he participated in some important meetings…
$2.5 bn worth of trade between Egypt, France in 2016/17

$2.5 bn worth of trade between Egypt, France in 2016/17

  Trade between Egypt and France reached a value of $2.5 billion in the fiscal year 2016/17, announced the manager…
Egypt targets 5.9% growth rate for 2019, exceeding IMF, World Bank projections

Egypt targets 5.9% growth rate for 2019, exceeding IMF, World Bank projections

Egypt’s Minister of Planning Hala al-Saeed said that the government aims to reach growth rate of 5.9% in 2019. Saeed…
$15 billion worth of EU investments in Egypt: official

$15 billion worth of EU investments in Egypt: official

Head of Egypt’s General Authority for Investment and Free Zones (GAFI) Mona Zobaa said that investments from European Union (EU)…
Egypt signs USD$8.1 mn urban development deal with Switzerland to fund ‘Hayyena’ project

Egypt signs USD$8.1 mn urban development deal with Switzerland to fund ‘Hayyena’ project

Minister of Housing Mostafa Madbouly signed on Wednesday a USD $8.1 million deal with Paul Garnier, the Swiss ambassador to Cairo, …
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