Business
French companies consider investing in Egypt’s gas and oil sector
September 12, 2020
French companies consider investing in Egypt’s gas and oil sector
Egypt’s Minister of Petroleum and Mineral Resources, Tarek al-Molla on Friday received the French Ambassador in Cairo Stéphane Romatet to…
Egypt’s headline inflation decreased to 3.4% in August
September 11, 2020
Egypt’s headline inflation decreased to 3.4% in August
Egypt’s annual urban consumer price inflation decreased to 3.4 percent in August from 4.2 percent in July, the country’s statistics…
Saudi Telecom negotiates reducing possible Vodafone stake to below 55%
September 9, 2020
Saudi Telecom negotiates reducing possible Vodafone stake to below 55%
The Saudi Telecom Company is negotiating with Vodafone International to reduce the value of the offer it submitted to buy…
Egypt’s foreign reserves up to US$38.366 billion in August: CBE
September 8, 2020
Egypt’s foreign reserves up to US$38.366 billion in August: CBE
Egypt’s foreign reserves hit US$38.366 billion in August, an increase of $51 million from July, a Monday statement by the…
Zohr gas field capacity exceeds 3 billion cubic feet per day, says minister
September 8, 2020
Zohr gas field capacity exceeds 3 billion cubic feet per day, says minister
The production capacity of the Zohr gas field in the Mediterranean Sea currently exceeds three billion cubic feet per day,…
New Korean ambassador visits Beni Suef, says Korea supports Egypt’s development
September 4, 2020
New Korean ambassador visits Beni Suef, says Korea supports Egypt’s development
The newest Korean Ambassador has made his first visit to Beni Suef on Friday, a hotbed for Egypt-Korea educational and…
Egypt signs $2 bln loan with regional, international banks -statement
September 3, 2020
Egypt signs $2 bln loan with regional, international banks -statement
CAIRO (Reuters) – Egypt signed a two billion dollar conventional and Islamic loan with several international and regional banks in…
Egypt, Danish Energy Agency sign green energy agreement
August 30, 2020
Egypt, Danish Energy Agency sign green energy agreement
Egypt’s Minister of International Cooperation Rania al-Mashat and Minister of Electricity and Mohamed Shaker on Saturday signed an agreement with…
Egypt’s economic situation receives international praise: Report
August 30, 2020
Egypt’s economic situation receives international praise: Report
The Ministry of Planning and Economic Development issued a report discussing the opinions of several international institutions on Egypt’s economic…
Egypt seeking self-sufficiency in petroleum during 2022-2023: PM
August 29, 2020
Egypt seeking self-sufficiency in petroleum during 2022-2023: PM
Egyptian Prime Minister Mostafa Madbouly announced Saturday that Egypt is aiming to achieve self-sufficiency in petroleum during fiscal year 2022-2023.…