Business

Minister: Companies sign MoU establishing ammonia plant in Suez

Minister: Companies sign MoU establishing ammonia plant in Suez

Egypt’s Minister of Public Business Sector Hesham Tawfik witnessed on Wednesday the signing of a Memorandum of Understanding (MoU) between…
Egypt’s foreign currency reserves increase to US$44.916 bn in July: CBE

Egypt’s foreign currency reserves increase to US$44.916 bn in July: CBE

The Central Bank of Egypt (CBE) said on Tuesday that the value of the country’s foreign currency reserves reached US$44.916…
Summer sales, Eid al-Adha boost clothes sales

Summer sales, Eid al-Adha boost clothes sales

The coming of the Eid al-Adha holiday along with the announcement of summer sales at the end of July, 40…
Egypt, Chinese company sign MoU for container terminal in Alexandria

Egypt, Chinese company sign MoU for container terminal in Alexandria

Egypt’s President Abdel Fattah el-Sisi held a meeting on Tuesday with Commander in Chief of the Naval Forces Ahmed Khalid,…
Suez Canal makes record revenues in 2018/2019 fiscal year

Suez Canal makes record revenues in 2018/2019 fiscal year

The head of the General Authority for the Suez Canal Economic Zone (SCZone) Mohab Mamish announced on Tuesday that revenues…
US dollar price continues to drop against Egyptian pound

US dollar price continues to drop against Egyptian pound

The US dollar fell by two piasters on Sunday, having thus decreased 130 piasters since the beginning of 2019, MENA…
Egypt, US sign four grant agreements worth US$60 million

Egypt, US sign four grant agreements worth US$60 million

Egypt and the US on Sunday signed four grant agreements for cooperation in the fields of higher education, science, technology,…
AMEC: Egypt’s Car sales decline by 6.7 percent in Jan-June 2019

AMEC: Egypt’s Car sales decline by 6.7 percent in Jan-June 2019

Egypt’s Automotive Marketing Information Council (AMIC) said on Saturday that car sales declined by 6.7 percent with 74,084 cars sold…
African Development Bank Forum to kick off in Cairo on Monday

African Development Bank Forum to kick off in Cairo on Monday

The African Development Bank (AfDB) in Egypt, in cooperation with the African Export-Import Bank (Afreximbank), will hold an annual forum…
Egypt’s ranking jumps significantly in 2019 Global Innovation Index

Egypt’s ranking jumps significantly in 2019 Global Innovation Index

This year’s report by the Global Innovation Index showed that Egypt has remarkably jumped ten spots from its ranking (105) in…
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