Business
Egypt considers first electric car factory in partnership with China
August 26, 2019
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’
August 26, 2019
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
August 25, 2019
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
August 24, 2019
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
August 24, 2019
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
August 22, 2019
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…
Iran moves to strike 4 zeroes from its battered currency
August 22, 2019
Iran moves to strike 4 zeroes from its battered currency
TEHRAN, Iran (AP) — Iran’s president sent a bill to parliament Wednesday that would cut four zeroes from the value…
Egypt plans to convert 50,000 vehicles to natural gas in a year
August 21, 2019
Egypt plans to convert 50,000 vehicles to natural gas in a year
The Ministry of Petroleum and Mineral Resources stated that it aims to convert 50,000 cars to natural gas during the…
Harvard: Egypt’s economy to grow by 6.8 percent until 2027
August 19, 2019
Harvard: Egypt’s economy to grow by 6.8 percent until 2027
Egypt’s Prime Minister Mostafa Madbouly examined a report from the Harvard Institute for International Development which anticipates that the Egyptian…
Egypt’s Finance Ministry allocates LE5 bn to build 13 industrial parks
August 18, 2019
Egypt’s Finance Ministry allocates LE5 bn to build 13 industrial parks
Egyptian Finance Minister Mohamed Maait announced on Saturday that LE5 billion from the state’s budget has been allocated towards the…