Business
ALEXBANK, EBRD sign $50 million loan agreement
February 23, 2020
ALEXBANK, EBRD sign $50 million loan agreement
ALEXBANK and the European Bank for Reconstruction and Development (EBRD) signed a $50 million loan agreement on Sunday financing small…
Egypt develops comprehensive strategy for manufacturing cars: Minister
February 23, 2020
Egypt develops comprehensive strategy for manufacturing cars: Minister
The government has developed a comprehensive strategy for the automobile and electric cars industry, said Egyptian Minister of Military Production…
Egypt’s Public Domestic Debt lowest in a decade: Cabinet
February 23, 2020
Egypt’s Public Domestic Debt lowest in a decade: Cabinet
Egypt’s Public Domestic Debt as a percent of the country’s Gross Domestic Product has fallen to its lowest level in…
Naguib Sawiris eyes 51% of state-owned gold mining company
February 23, 2020
Naguib Sawiris eyes 51% of state-owned gold mining company
Egyptian billionaire Naguib Sawiris on Sunday announced his interest in acquiring 51 percent of the Shalateen Mineral Resources Company (SMRC).…
Egypt considers establishing bus rapid transit system for Cairo’s Ring Road
February 22, 2020
Egypt considers establishing bus rapid transit system for Cairo’s Ring Road
Egypt’s Transportation Minister Kamel al-Wazir paid a visit to Volvo factories in Gothenburg, Sweden, where he discussed with officials from…
Central Bank of Egypt keeps overnight interest rates unchanged
February 21, 2020
Central Bank of Egypt keeps overnight interest rates unchanged
The Monetary Policy Committee of the Central Bank of Egypt decided, at its meeting on Thursday, to keep important interest…
Saudi-Egyptian partnership for hotel management launched at $US 450 mn
February 21, 2020
Saudi-Egyptian partnership for hotel management launched at $US 450 mn
The Saudi Hospitality Development Group, which represents Swiss International in the Middle East, has signed an exclusive contract valued at…
Egypt begins construction of 250-megawatt wind power plant in Jabal al-Zeit
February 21, 2020
Egypt begins construction of 250-megawatt wind power plant in Jabal al-Zeit
Electricity Minister Mohamed Shaker was among officials at an event on Thursday celebrating the start of construction on a new…
Egypt’s economy to become sixth strongest in the world by 2030
February 20, 2020
Egypt’s economy to become sixth strongest in the world by 2030
Economist Talal Abu Ghazaleh, Chairman of Talal Abu-Ghazaleh International Organization, said that Egypt’s economy is set to become the sixth…
Egypt tops list of countries exporting oranges for second year in a row
February 20, 2020
Egypt tops list of countries exporting oranges for second year in a row
Egypt has topped the list of countries that export oranges for the second year in a row, with exports totaling…