Business
Egyptian car prices rise up 1% to 5% due to supply shortages brought on by pandemic
October 4, 2020
Egyptian car prices rise up 1% to 5% due to supply shortages brought on by pandemic
The Chief of the Auto Dealers Association Osama Abu al-Magd announced Sunday that car prices in Egypt have increased by…
Egypt mulls operating multipurpose terminal in Alexandria Port with Singapore
October 3, 2020
Egypt mulls operating multipurpose terminal in Alexandria Port with Singapore
Egyptian Transport Minister Kamel al-Wazir met with the Singaporean ambassador in Cairo Dominic Goh and officials from the PSA (Port…
CBE: Local currency limit for passengers entering and exiting Egypt remains at LE5,000
October 2, 2020
CBE: Local currency limit for passengers entering and exiting Egypt remains at LE5,000
The Central Bank of Egypt (CBE) on Thursday maintained the maximum limit of banknotes travelers allowed to carry while entering…
Egypt’s GAFI to grant foreign investors 5-year residency visas
October 2, 2020
Egypt’s GAFI to grant foreign investors 5-year residency visas
The Board of Directors for Egypt’s General Authority for Investment and Free Zones (GAFI) approved on Thursday new regulations aimed…
Egypt’s Sisi issues decree to approve $2.7 billion IMF funding agreement for combating coronavirus impact
October 1, 2020
Egypt’s Sisi issues decree to approve $2.7 billion IMF funding agreement for combating coronavirus impact
Egypt’s official gazette published on Thursday Presidential Decree no.177, which ratifies the US$2.7 billion funding agreement signed earlier this year…
Egypt extends tourism stimulus, waives visa fees in 4 governorates until April
September 30, 2020
Egypt extends tourism stimulus, waives visa fees in 4 governorates until April
Egypt’s cabinet approved on Wednesday the extension of several coronavirus-related exemptions and incentives, such as exempting tourists arriving in the…
Amazon plans to manufacture more of its products in Egypt
September 30, 2020
Amazon plans to manufacture more of its products in Egypt
Amazon’s Director of Public Policies for the MENA region Dalia Saif announced that her company is planning to manufacture more…
Egypt to become first Arab country to issue Green bonds
September 29, 2020
Egypt to become first Arab country to issue Green bonds
DUBAI/LONDON (Reuters) – Egypt started marketing a five-year US dollar-denominated Green bond on Tuesday at a yield of around 5.75…
Mashat meets with South Korea’s Cairo ambassador to discuss cooperation
September 27, 2020
Mashat meets with South Korea’s Cairo ambassador to discuss cooperation
Egyptian Minister of International Cooperation Rania al-Mashat met with the new South Korean ambassador in Cairo Hong Jin-wook on Saturday…
Egypt cuts interest rates by 50 bps as inflation subsides
September 25, 2020
Egypt cuts interest rates by 50 bps as inflation subsides
Egypt’s central bank unexpectedly cut its main overnight interest rates by 50 basis points on Thursday, saying exceptionally low inflation…