Business
Egypt to begin importing rice after slashing its own cultivation
June 6, 2018
Egypt to begin importing rice after slashing its own cultivation
Egypt will begin importing rice, a crop it has typically had in surplus, to increase stocks and “control the market,”…
Egypt’s foreign currency reserve increased by $106 million in May
June 5, 2018
Egypt’s foreign currency reserve increased by $106 million in May
The Central Bank of Egypt (CBE) announced on Monday that the net foreign reserve increased to $44.139 billion at…
Russia lifts ban on Egyptian potato exports from 8 regions
June 2, 2018
Russia lifts ban on Egyptian potato exports from 8 regions
Minister of Trade and Industry Tariq Qabeel said that the Russian authorities have agreed to lift the ban on Egypt…
Egypt’s rejection of Russian wheat over ergot creates latest supply snag
June 1, 2018
Egypt’s rejection of Russian wheat over ergot creates latest supply snag
Egypt, the world’s biggest wheat importer, has rejected a Russian wheat cargo for excessive levels of the common grain fungus…
Another billion cubic feet of gas from Zohr field by the end of 2018: minister
May 30, 2018
Another billion cubic feet of gas from Zohr field by the end of 2018: minister
The Egyptian Petroleum Ministry is currently accelerating development for the Zohr natural gas field’s production in order to reach…
Egypt tourism revenues surged 83.3 % in Q1
May 27, 2018
Egypt tourism revenues surged 83.3 % in Q1
Egypt’s revenues in the tourism sector jumped 83.3% in the first quarter (Q1) of the 2018 fiscal year, reaching $2.2…
World Bank expresses content with “Takafol w Karama” accomplishments: Social Solidarity Minister
May 26, 2018
World Bank expresses content with “Takafol w Karama” accomplishments: Social Solidarity Minister
A delegation from the World Bank met with Minister of Social Solidarity Ghada Wali on Friday to review the accomplishments…
Egypt, Russia sign agreement for Russia’s Suez Canal industrial zone
May 24, 2018
Egypt, Russia sign agreement for Russia’s Suez Canal industrial zone
After two years of negotiations Egypt and Russia signed an agreement on Wednesday to establish the Russian industrial zone in…
Egypt-Saudi electricity power link project to start in 2021
May 23, 2018
Egypt-Saudi electricity power link project to start in 2021
Egypt’s Ministry of Electricity announced that it will sign contracts for the electricity interconnection network with Saudi Arabia by…
7keema is named best Egyptian startup at 2018 Seedstars World Competition
May 22, 2018
7keema is named best Egyptian startup at 2018 Seedstars World Competition
An Egyptian application titled “7keema” has been named as the best startup in Egypt at the 2018 Seedstars world…