Economy
1,741 new companies established in March: official report
April 20, 2017
1,741 new companies established in March: official report
The General Authority for Investment and Free Zones announced that 1,741 new companies were established in March with a total…
32 air-conditioned trains to be purchased for Metro first line, 6 others for second line at LE15.5 billion: minister
April 19, 2017
32 air-conditioned trains to be purchased for Metro first line, 6 others for second line at LE15.5 billion: minister
Transportation Ministry will purchase 32 new air-conditioned trains for the Cairo Metro's first line (Marg-Helwan) at a cost of LE12.5…
IMF lowers 2016-17 growth forecast for Egypt to 3.5 percent
April 19, 2017
IMF lowers 2016-17 growth forecast for Egypt to 3.5 percent
Egypt's economy will grow by 3.5 percent during the 2016-17 financial year, the International Monetary Fund said on Tuesday, lowering…
US dollar stable after Easter holiday
April 18, 2017
US dollar stable after Easter holiday
The US dollar exchange rate has been stable during tradings on Tuesday.According the latest updates, the purchasing rate at Banque…
Norway to invest $500 million in solar feed-in tariff program in Egypt in October
April 18, 2017
Norway to invest $500 million in solar feed-in tariff program in Egypt in October
The Norwegian company Scatec Solar will push $500 million worth of new investments into the Egyptian market in October, according to a statement issued…
Egypt’s economy growing at 3.9% in 2017, accelerating to 5.4% in 2019: World Bank
April 18, 2017
Egypt’s economy growing at 3.9% in 2017, accelerating to 5.4% in 2019: World Bank
Egypt's economy is forecasted to grow 3.9 percent by the end of 2017 and will be largely driven by public…
World oil prices edge down over expected climb in US output
April 18, 2017
World oil prices edge down over expected climb in US output
Oil prices fell in thin trade on Tuesday after the Easter holiday break shut many markets for as long as…
Tourism rates rise in Red Sea resorts over Easter holidays
April 17, 2017
Tourism rates rise in Red Sea resorts over Easter holidays
South Sinai cities and beaches along the gulfs of Suez and Aqaba saw a large turnout of Egyptian holidaymakers over…
In the Trump era, one US Muslim investor tries a louder voice
April 15, 2017
In the Trump era, one US Muslim investor tries a louder voice
Shareholder activism is rare in Islamic finance, but one wealth manager has staked out new territory as the most outspoken…
Incoming tourists exceed targeted rate by 15% during Q1: Minister
April 13, 2017
Incoming tourists exceed targeted rate by 15% during Q1: Minister
Tourism Minister Yehia Rashed said the number of incoming tourists during the first quarter of 2017 was 10-15 percent higher…