Business
Three Egyptian companies win tender for Dabaa nuclear plant
February 17, 2020
Three Egyptian companies win tender for Dabaa nuclear plant
Atomstroyexport, a subsidiary of Russia’s state-owned Rosatom, announced on Sunday that three Egyptian contracting companies won a tender offer for…
Egypt’s growth rate soars among emerging countries: Minister
February 16, 2020
Egypt’s growth rate soars among emerging countries: Minister
Egypt has achieved one of the highest growth rates among emerging countries during the 2018/2017 fiscal year, at 5.6 percent…
Egypt’s economy achieves highest growth rate in 11 years: Cabinet
February 15, 2020
Egypt’s economy achieves highest growth rate in 11 years: Cabinet
The Egyptian economy has achieved its highest growth rate in 11 years, according to a statement on Sunday by the…
IMF recommends ‘economic program’ to develop Egypt’s private sector
February 15, 2020
IMF recommends ‘economic program’ to develop Egypt’s private sector
The International Monetary Fund (IMF) recommended that Egypt needs a new package of reforms geared towards supporting and developing its…
Egypt govt mulls cooperation with private sector to desalinate sea water
February 15, 2020
Egypt govt mulls cooperation with private sector to desalinate sea water
Housing Minister Assem al-Gazzar on Friday announced that his ministry is contemplating cooperation with the private sector in seawater desalination…
Contract worth $US 2.5 bn signed for construction of largest oil refinery project in Upper Egypt
February 14, 2020
Contract worth $US 2.5 bn signed for construction of largest oil refinery project in Upper Egypt
Egypt this week signed a contract for the construction of a mazut hydrocracking complex in Assiut, the largest oil refining…
Spending on health sector increases by 20% in first half of fiscal year 2019/2020: Finance Ministry
February 13, 2020
Spending on health sector increases by 20% in first half of fiscal year 2019/2020: Finance Ministry
Egypt’s Ministry of Finance announced on Thursday that the first half of the fiscal year 2019/2020 witnessed a 20 percent…
Egypt fifth country globally in terms of economic growth: Finance Ministry
February 12, 2020
Egypt fifth country globally in terms of economic growth: Finance Ministry
Egypt was ranked fifth globally in terms of economic growth, with the country recording an economic growth rate of 5.6…
Suez Canal Economic Zone to see petrochemical complex built in $6.7 billion deal
February 12, 2020
Suez Canal Economic Zone to see petrochemical complex built in $6.7 billion deal
The first day of the 2020 Egypt Petroleum show on Tuesday saw the signing of a US$6.7 billion agreement between…
Egypt’s annual inflation rate down to 6.8 percent: CAPMAS
February 11, 2020
Egypt’s annual inflation rate down to 6.8 percent: CAPMAS
Egypt’s annual inflation rate fell to 6.8 percent in January 2020, compared to 12.2 percent in January 2019, according to…