Economy

Telecom Egypt in loan talks to fund 4G licence

Telecom Egypt in loan talks to fund 4G licence

Telecom Egypt, the country's state-owned landline monopoly is in talks with banks regarding a 5 billion Egyptian pound (US$563.07 million)…
Egypt’s Ezz Steel Q1 net loss widens to US$15.4 mln

Egypt’s Ezz Steel Q1 net loss widens to US$15.4 mln

Egypt's Ezz Steel reported a first-quarter net loss, after tax and minority interests, widened to 136.896 million Egyptian pounds (US$15.42…
Egypt’s tender for a third FSRU draws interest from four firms

Egypt’s tender for a third FSRU draws interest from four firms

Egypt's tender to lease a third floating and storage regasification unit (FSRU) has drawn interest from four international firms, an…
Supply minister seeks new strategic trade alliance with Kenya

Supply minister seeks new strategic trade alliance with Kenya

Domestic Trade and Food Supply Minister Khaled Hanafy met on Wednesday with representatives of the Kenyan meat and tea industries…
Egypt looks forward to establishment of African free trade zone: Sisi

Egypt looks forward to establishment of African free trade zone: Sisi

President Abdel Fattah al-Sisi said on Sunday during the African Union (AU) assembly that Egypt looks forward to the completion…
Egypt purchases 300,000 tonnes of wheat from Russia, Romania

Egypt purchases 300,000 tonnes of wheat from Russia, Romania

Egypt's Supply Minister Khaled Hanafi announced in a statement Sunday plans to buy 300,000 tonnes of wheat from Russian and…
Kuwait’s Zain interested in Egypt 4G license: ministry official

Kuwait’s Zain interested in Egypt 4G license: ministry official

Kuwaiti mobile operator Zain has expressed interest in applying for a fourth-generation license in Egypt, a senior telecommunications ministry official…
Egypt’s economy drops to third place in Africa rankings: Bloomberg

Egypt’s economy drops to third place in Africa rankings: Bloomberg

Bloomberg has rated the Egyptian economy third on the African continent, pushing it back from second place after just two…
No balance: oil markets still oversupplied, now growth is stuttering

No balance: oil markets still oversupplied, now growth is stuttering

Oil industry hopes that markets are about return to balance, ending a global glut that pulled down prices by over…
Officials arrested in Sharqiya for manipulating wheat stocks

Officials arrested in Sharqiya for manipulating wheat stocks

Police investigators have arrested several officials in Sharqiya Governorate for allegedly manipulating the amount of wheat stored in silos under…
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