Business
Juhayna shares decline 6.1% after chairman’s arrest
December 3, 2020
Juhayna shares decline 6.1% after chairman’s arrest
Egypt’s Juhayna Food Industries company’s shares declined by 6.1 percent on Wednesday, following the arrest of its founder and chairman Safwan…
Egypt plans first factory to locally manufacture trains by beginning of 2021
December 2, 2020
Egypt plans first factory to locally manufacture trains by beginning of 2021
Egyptian Transport Ministry plans to start establishing the country’s first factory to locally manufacture trains of all kinds starting from…
EgyptAir and Air Cairo activate codeshare agreement
December 1, 2020
EgyptAir and Air Cairo activate codeshare agreement
EgyptAir and Air Cairo announced on Sunday the signing of a new codeshare between the two companies, aimed at providing…
Egypt expects US$1.6 billion IMF loan by the end of December: Minister
December 1, 2020
Egypt expects US$1.6 billion IMF loan by the end of December: Minister
Egypt’s Finance Minister Mohamed Maait announced Monday that a US$1.6 billion tranche from the International Monetary Fund (IMF) is anticipated…
Germany approves 80 million euro grant to Egypt
November 30, 2020
Germany approves 80 million euro grant to Egypt
The German parliament has approved providing Egypt the third tranche for the second phase of the Egyptian-German debt swap program…
Gold prices decline by LE36 per 21-karat gram
November 29, 2020
Gold prices decline by LE36 per 21-karat gram
Gold prices declined in Egyptian markets, after the 21-karat gold gram opened trading in November 23 at LE813 and ended…
Egypt’s chemical and fertilizer exports decline to US$4.15 billion over 10 months
November 29, 2020
Egypt’s chemical and fertilizer exports decline to US$4.15 billion over 10 months
Egypt’s exports of chemicals and fertilizers decreased by 4.8 percent during the first ten months of 2020, reaching $4.153 billion…
Islamic Development Bank funded 258 projects in Egypt at LE11.64 billion cost, says Minister
November 29, 2020
Islamic Development Bank funded 258 projects in Egypt at LE11.64 billion cost, says Minister
Minister of Planning and Economic Development Hala al-Saeed on Saturday praised Egypt’s partnership with the Islamic Development Bank Group which…
Tax revenues represent over 80 percent of Egypt’s state budget in Egypt: Official
November 29, 2020
Tax revenues represent over 80 percent of Egypt’s state budget in Egypt: Official
The Egyptian Tax Authority’s (ETA) revenues represent more than 80 percent of the state’s general budget, said an official within…
Egypt’s exports to Nile Basin countries rise 1.4 percent to US$1.22 billion in 2019
November 22, 2020
Egypt’s exports to Nile Basin countries rise 1.4 percent to US$1.22 billion in 2019
The Central Agency for Public Mobilization and Statistics (CAPMAS) announced that the total value of Egyptian exports to Nile Basin…