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New oil exploration deals signed: petroleum minister

New oil exploration deals signed: petroleum minister

Petroleum and Mineral Resources Minister Tariq al-Mulla has signed two new oil and natural gas exploration agreements in the Sinai…
Egypt is now a ‘haven’ for debt investors: Bloomberg

Egypt is now a ‘haven’ for debt investors: Bloomberg

Egypt has turned into a “haven” for debt investors in the region in the period since it floated its pound…
Egypt among least competitive economies in the middle east: Report

Egypt among least competitive economies in the middle east: Report

  Egypt’s economy ranks 11th in the 2017-2018 Global Competitiveness Index out of 12 Arab countries with Lebanon in last place,…
Egypt’s unemployment rate down to 9.9%: CAPMAS

Egypt’s unemployment rate down to 9.9%: CAPMAS

  Egypt’s Central Agency for Public Mobilization and Statistics (CAPMAS) announced on Wednesday that the unemployment rate has dropped to…
Egypt’s Petroleum minister signs 3 oil exploration deals with foreign companies

Egypt’s Petroleum minister signs 3 oil exploration deals with foreign companies

  Petroleum Minister Tarek al-Mulla signed three agreements for the exploration of oil and natural gas in the Mediterranean Sea,…
Trump trade rows are ‘destroying’ growth, says German minister

Trump trade rows are ‘destroying’ growth, says German minister

  Germany’s economy minister on Sunday lashed out at US President Donald Trump, slamming his global trade rows and efforts…
Egypt initiates largest gas analysis lab for the Zohr field

Egypt initiates largest gas analysis lab for the Zohr field

  Egypt’s Ministry of Petroleum has announced the start of an experimental operation regarding the largest and most modern natural…
Egypt’s annual core inflation down to 8.5%: CBE

Egypt’s annual core inflation down to 8.5%: CBE

Egypt’s annual core inflation rate witnessed a decrease from 10.9 percent in June to 8.45 percent in July, according to…
Parliament approves Egypt’s first sovereign wealth fund

Parliament approves Egypt’s first sovereign wealth fund

Egypt’s parliament has agreed to establish a government-operated sovereign wealth fund to help boost the economy, in a move deemed…
Suez zone claims LE2.13 billion profit in 2017/2018

Suez zone claims LE2.13 billion profit in 2017/2018

The Suez Canal Economic Zone (SCZone) made a net profit of LE2.13 billion in the fiscal year 2017/2018, with an…
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