Business
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…
Egyptian pound strengthens to three-year high
February 11, 2020
Egyptian pound strengthens to three-year high
CAIRO, Feb 10 (Reuters) – The Egyptian pound gained on Monday to its strongest against the dollar since the week…
Egypt’s net foreign reserves rise to US$45.457 bn in January
February 7, 2020
Egypt’s net foreign reserves rise to US$45.457 bn in January
Egypt’s net foreign reserves rose to US$45.457 billion in January 2020 from $45.420 billion in December 2019, an increase of…
Egypt non-oil private sector shrinks faster in January: PMI
February 4, 2020
Egypt non-oil private sector shrinks faster in January: PMI
CAIRO (Reuters) – Non-oil private economic activity in Egypt contracted at the quickest rate in almost three years in January…
Egypt announces procedures to register civil sector companies
February 3, 2020
Egypt announces procedures to register civil sector companies
Egypt’s Ministry of Defense announced the start of registrations in the suppliers’ roster for civil sector companies that wish to…
Egypt’s Sovereign Wealth Fund to sign agreement with NSPO
February 2, 2020
Egypt’s Sovereign Wealth Fund to sign agreement with NSPO
Egypt’s Sovereign Wealth Fund will sign a framework agreement on Monday with the National Service Projects Organization (NSPO) of the…