Economy

Investors flee U.S. corporate junk debt on inflation, Omicron concerns

Investors flee U.S. corporate junk debt on inflation, Omicron concerns

CHICAGO, Dec 2 (Reuters) – Worries over surging inflation and a new variant of the coronavirus are roiling the U.S.…
Egypt reaches agreement with Transmashholding for maintenance of passenger coaches

Egypt reaches agreement with Transmashholding for maintenance of passenger coaches

The Egyptian Minister of Transport Kamel al-Wazir announced, on Saturday, that an agreement had been reached with the Russian company…
Romanian delegation hold talks in Egypt over investments in SCZONE

Romanian delegation hold talks in Egypt over investments in SCZONE

A Romanian delegation held talks with officials of the Suez Canal Economic Zone (SCZONE) to discuss ways to enhance cooperation…
CBE exemptions on fees expire by the end of December

CBE exemptions on fees expire by the end of December

Thee Central Bank of Egypt’s (CBE) initiative cancelling fees on withdrawal and inquiry via ATM machines for non-customers will expire…
Egyptian parliament introduces 10% tax on mobile phones

Egyptian parliament introduces 10% tax on mobile phones

The House of Representatives approved during Sunday’s plenary session the Presidential Decree No. 558 of 2021 to amend some categories…
Egyptian agricultural exports up to 5.2 million tons from January to November

Egyptian agricultural exports up to 5.2 million tons from January to November

The Ministry of Agriculture and Land Reclamation announced that Egypt’s agricultural exports amounted to over 5.2 million tons so far,…
Egypt to offer 5-6 companies on stock exchange before end of fiscal year 2021/2022: PM

Egypt to offer 5-6 companies on stock exchange before end of fiscal year 2021/2022: PM

Egyptian Prime Minister Mostafa Madbouly said on Tuesday that his government intends to list five to six companies on the…
Egyptian Government taking serious steps to eliminate bureaucracy

Egyptian Government taking serious steps to eliminate bureaucracy

The Government has been taking serious steps to eliminate the bureaucracy it inherited many years ago, Prime Minister Mostafa Madbouly…
First 9 months of 2021 saw 42% increase in Egyptian exports of engineering industries: Minister

First 9 months of 2021 saw 42% increase in Egyptian exports of engineering industries: Minister

Minister of Trade and Industry, Nevin Gamea, said that exports of engineering goods achieved an increase of 42 percent during…
Egypt hosts 21st COMESA summit in the New Administrative Capital

Egypt hosts 21st COMESA summit in the New Administrative Capital

Egyptian Minister of Trade and Industry Nevine Gamea held a meeting with the Secretary-General of the Common Market for Eastern…
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