Economy
Agreement on Russian industrial zone in Egypt to be signed in May
March 3, 2017
Agreement on Russian industrial zone in Egypt to be signed in May
The agreement to establish the Russian industrial zone in Egypt will be signed next May, the minister of trade and…
US dollar rises to varied rates at Egypt’s banks
March 2, 2017
US dollar rises to varied rates at Egypt’s banks
The US dollar exchange rate rose during Thursday's transactions, in the wake of a decline that lasted for more than…
Only foreign investment can reduce the burden of public debt: Boutros Ghaly
March 2, 2017
Only foreign investment can reduce the burden of public debt: Boutros Ghaly
Only foreign investment can reduce the burden of public debt because Egyptian investment will not be able to raise growth…
Egypt’s economic reforms start to bear fruit: Financial Times
March 1, 2017
Egypt’s economic reforms start to bear fruit: Financial Times
The Financial Times said on Monday that economic reforms in Egypt have started to bear fruit. According to the publication, Egypt…
Agreement with World Bank underway for US$150 mn fund: trade minister
March 1, 2017
Agreement with World Bank underway for US$150 mn fund: trade minister
An agreement with the World Bank for a new funding program is underway, targeting the development of infrastructure and labor-intensive…
EgyptAir re-allows cheaper ‘sold outside, ticketed outside’ fares
March 1, 2017
EgyptAir re-allows cheaper ‘sold outside, ticketed outside’ fares
Minister of Civil Aviation Sherif Fathy issued a decision to revive the SOTO booking system in Egypt from March 1.
Egypt banks cleared to repatriate foreign firms’ long-held profits
March 1, 2017
Egypt banks cleared to repatriate foreign firms’ long-held profits
Egyptian banks are set to allocate about a quarter of their excess hard currency to foreign firms seeking to repatriate…
European delegations to visit Cairo for investment opportunities
February 28, 2017
European delegations to visit Cairo for investment opportunities
Several European countries have started organizing official visits to Cairo for delegations comprised of investors and businessmen to discuss investment opportunities in…
Russia to sign agreement on flights resumption in March: minister
February 27, 2017
Russia to sign agreement on flights resumption in March: minister
Russian Transport Minister Maxim Sokolov expected Moscow to sign an agreement on the resumption of flights with Cairo in March. "In…
20 foreign, Egyptian companies propose Red Sea investments worth LE50 bn
February 24, 2017
20 foreign, Egyptian companies propose Red Sea investments worth LE50 bn
The Red Sea Governorate announced its cooperation with the Ministry of Investment to decide by mid-March on offers made by…