Business
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…
Egypt looks forward to more BP investments: PM
February 11, 2019
Egypt looks forward to more BP investments: PM
Egyptian Prime Minister Mostafa Madbouly on Monday stressed his government’s support for British Petroleum’s (BP) investments in Egypt and expressed…
IMF’s Lagarde praises Egypt’s reforms against administrative corruption
February 11, 2019
IMF’s Lagarde praises Egypt’s reforms against administrative corruption
Christine Lagarde, managing director of the International Monetary Fund (IMF) praised Egypt’s intense efforts in fighting administrative corruption, during a…
Egypt inflation rate in January saw increase by 0.8%: CAPMAS
February 10, 2019
Egypt inflation rate in January saw increase by 0.8%: CAPMAS
The Central Agency for Public Mobilization and Statistics (CAPMAS) in Egypt announced Sunday that the inflation rate in January increased…
Egypt-Korea sign agreement to produce fuel from waste
February 9, 2019
Egypt-Korea sign agreement to produce fuel from waste
Egypt signed an agreement on Friday with JST, a leading Korean company in the field of solid waste conversion technology…