Business

Egypt’s economy seen growing 5.5 pct in year to end of June

Egypt’s economy seen growing 5.5 pct in year to end of June

CAIRO (Reuters) – Egypt’s economy is expected to grow 5.5 percent in the fiscal year that ends in June, according…
Egypt’s Transport Ministry signs €157 million supply contract for Spanish trains

Egypt’s Transport Ministry signs €157 million supply contract for Spanish trains

Egypt’s Ministry of Transport on Monday signed a €157 million purchase and supply contract for six new air-conditioned railway trains…
US investment fund to buy Egypt’s United Bank: CBE

US investment fund to buy Egypt’s United Bank: CBE

Governor of Central Bank of Egypt (CBE) Tarek Amer announced on Monday that a US investment fund would buy the…
China to invest US$5 billion in Egypt’s Suez Canal Economic Zone

China to invest US$5 billion in Egypt’s Suez Canal Economic Zone

A memorandum of understanding was signed between the Government of Tianjin and the General Authority of the Economic Zone of…
Egypt receives US$5 billion support from Arab Fund for Economic and Social Development: minister

Egypt receives US$5 billion support from Arab Fund for Economic and Social Development: minister

Egypt’s Minister of Investment and International Cooperation Sahr Nasr said on Thursday that the cooperation portfolio between Egypt and the…
Sharm El Sheikh operates its first 5 MW solar power plant

Sharm El Sheikh operates its first 5 MW solar power plant

Egypt’s South Sinai Governor Khalid Fouda held a press conference on Thursday on the occasion of opening the first solar…
Egypt the biggest hotspot for billionaires in 2019: Business Insider

Egypt the biggest hotspot for billionaires in 2019: Business Insider

Egypt topped the list made by Original Travel agency of the hottest 15 destinations for billionaires in 2019, according to…
US dollar exchange rate continues decline in Egypt

US dollar exchange rate continues decline in Egypt

US dollar prices have slightly declined against the Egyptian pound by an average of two piasters in several banks on…
PepsiCo Egypt to increase investments by US$500 mn

PepsiCo Egypt to increase investments by US$500 mn

Chairman and CEO of PepsiCo Egypt Mohamed Shelbaya said that his company intends to pump US$500 million into increasing production…
Egypt seeks 6% growth rate during upcoming fiscal year, Minister

Egypt seeks 6% growth rate during upcoming fiscal year, Minister

Finance Minister Mohamed Maait said on Saturday that Egypt’s fiscal policy aims to raise economic growth rates to 6 percent…
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