Business
Siemens, EETC finish constructing electricity grid connection project to Sudan
February 20, 2019
Siemens, EETC finish constructing electricity grid connection project to Sudan
Chairman of the Egyptian Electricity Transfer Company (EETC) Sabah Mashali announced on Tuesday that German company Siemens and the EETC…
Iran oil exports rise in early 2019 despite sanctions
February 19, 2019
Iran oil exports rise in early 2019 despite sanctions
LONDON (Reuters) – Iran’s exports of crude oil were higher than expected in January and are at least holding steady…
Egypt denies issuance of LE 100 coin for circulation
February 18, 2019
Egypt denies issuance of LE 100 coin for circulation
The Egyptian cabinet on Monday denied the issuance and circulation of a LE 100 coin in the market, asserting that…
US dollar exchange rate in Egypt continues to decline
February 17, 2019
US dollar exchange rate in Egypt continues to decline
On Sunday, the US dollar prices saw a drop of 3 piasters compared to the Egyptian pound. In the National…
Central Bank of Egypt reduces deposit, lending rates by 1 percent
February 17, 2019
Central Bank of Egypt reduces deposit, lending rates by 1 percent
The Central Bank of Egypt (CBE) on Thursday unexpectedly reduced the deposit rate, overnight lending rate, and the rate of main…
Egypt aims to be global center for int’l exhibitions: Trade Min.
February 15, 2019
Egypt aims to be global center for int’l exhibitions: Trade Min.
Egyptian Minister of Trade and Industry Amr Nassar said on Friday that his ministry aims to make Egypt a regional…
Tourism revenues could reach $5bn: Capital Economics
February 14, 2019
Tourism revenues could reach $5bn: Capital Economics
The Egyptian tourism sector has recovered faster than expected in the last two years as security conditions improved, which could…
Billionaire Sawiris to invest in Venezuela right after Maduro’s exit
February 13, 2019
Billionaire Sawiris to invest in Venezuela right after Maduro’s exit
Egyptian billionaire Naguib Sawiris declared his desire to invest in Venezuela once President Nicolas Maduro leaves his office, during a television…
Egypt, Germany sign second tranche agreement to support reform program
February 13, 2019
Egypt, Germany sign second tranche agreement to support reform program
Egypt and Germany signed the second tranche agreement of $250 million to support Egypt’s economic and social reform program, as…
Dana Gas to drill second largest Egyptian natural gas field
February 13, 2019
Dana Gas to drill second largest Egyptian natural gas field
UAE-based Dana Gas will begin drilling in an area in 2019 that could become the second largest Egyptian natural gas…