Business

Output for Egypt’s Zohr gas field increases to 2 billion cubic feet per day

Output for Egypt’s Zohr gas field increases to 2 billion cubic feet per day

  Egypt’s Minister of Petroleum and Mineral Resources Tariq al-Mulla announced on Friday that production at the Zohr gas field…
$26 bn of investment in Egypt free zones by July: minister

$26 bn of investment in Egypt free zones by July: minister

  Total investment in Egypt’s capital-incentivising “free zones” reached US$26 billion by the end of July, according to Investment and…
Egypt to offer 4.5 pct stake in cigarette maker Eastern Company

Egypt to offer 4.5 pct stake in cigarette maker Eastern Company

Egypt will launch its programme for offering shares in state companies by offering a 4.5 percent stake in its top…
Egypt’s foreign currency reserve rose to US $44.41 billion in August: CBE

Egypt’s foreign currency reserve rose to US $44.41 billion in August: CBE

  The Central Bank of Egypt (CBE) announced on Wednesday that Egypt’s foreign currency reserves rose to US $44.41 billion…
Times are a-changin’ in London where contactless is king

Times are a-changin’ in London where contactless is king

  For centuries, London has sustained a street-level economy where performers and vendors make a living from the spare change…
Egypt fined $2 billion over natural gas dispute

Egypt fined $2 billion over natural gas dispute

  The International Center for Settlement of Investment Disputes of World Bank has awarded a joint venture between Spain’s Naturgy…
World Bank offers Egypt $500 mn for agriculture

World Bank offers Egypt $500 mn for agriculture

In a meeting with Agriculture Minister Ezz El-Din Abu Steit, the World Bank offered Egypt a flexible loan of US$…
China hosts African leaders amid aid criticism

China hosts African leaders amid aid criticism

  China hosts African leaders Monday for a summit aimed at promoting Beijing’s vision for development on the continent, even…
Egypt, China sign 3 contracts at $1 bn investment

Egypt, China sign 3 contracts at $1 bn investment

  On the sidelines of President Abdel Fattah al-Sisi’s visit to China, three contracts were signed on Sunday evening with…
Dollar maintains prices against Egyptian Pound

Dollar maintains prices against Egyptian Pound

  The US Dollar exchange rate saw stable prices against Egyptian Pound in several Egyptian banks with average of LE17.80…
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