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Zohr gas field’s 13th well to begin production

Zohr gas field’s 13th well to begin production

The Ministry of Petroleum announced that the 13th well at Zohr Field will be ready for production in October. The total…
Egypt’s external debt increases to US$106 billion: CBE

Egypt’s external debt increases to US$106 billion: CBE

The Central Bank of Egypt (CBE) stated on Tuesday that Egypt’s external debt increased by 10 percent to total US$106…
Algerian economy creaks at the seams after six months of turmoil

Algerian economy creaks at the seams after six months of turmoil

ALGIERS (Reuters) – On the face of it, Algeria’s state-dominated economy has weathered six months of turmoil well, with flightloads…
Egypt’s Sawiris eyes mining opportunities at home with new law

Egypt’s Sawiris eyes mining opportunities at home with new law

CAIRO, Aug 26 (Reuters) – Egyptian billionaire Naguib Sawiris said on Monday he intended to invest in gold and copper…
Egypt considers first electric car factory in partnership with China

Egypt considers first electric car factory in partnership with China

Egyptian Minister of the Public Business Sector Hisham Tawfik on Monday discussed with a Chinese delegation entrance into a partnership…
Turkish lira slides on trade war unease, hit by ‘flash crash’

Turkish lira slides on trade war unease, hit by ‘flash crash’

ISTANBUL/ANKARA (Reuters) – The Turkish lira weakened more than 1% against the dollar on Monday, after briefly tumbling to 6.47…
CAPMAS: Egypt’s exports to G7 nations rose to $3.8 billion in January-June

CAPMAS: Egypt’s exports to G7 nations rose to $3.8 billion in January-June

The Central Agency for Public Mobilization and Statistics (CAPMAS) stated on Saturday that Egypt’s exports to G7 countries rose by…
Egypt’s Gold prices up by LE13 per gram, 21 carats at LE705

Egypt’s Gold prices up by LE13 per gram, 21 carats at LE705

Gold prices have risen in the local market on Saturday by about LE13, boosted by rising global markets. The price…
Egypt’s New Administrative Capital to host ‘Invest in Africa 2019’ conference

Egypt’s New Administrative Capital to host ‘Invest in Africa 2019’ conference

Egypt’s Minister of Investment and International Cooperation Sahar Nasr discussed preparations for organizing the “Invest in Africa 2019” conference set…
Cabinet refutes rumor regarding issuance of new banknotes in October

Cabinet refutes rumor regarding issuance of new banknotes in October

Egypt’s cabinet refuted on Wednesday rumors that the Central Bank of Egypt (CBE) will issue LE500 and LE1,000 banknotes starting…
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