Business
IDSC denies plans to increase electricity prices
July 21, 2018
IDSC denies plans to increase electricity prices
Egypt’s Cabinet Information and Decision Support Centre (IDSC) denied social media rumors that the Egyptian government will increase electricity prices. In…
Sisi, Bashir agree to maximize economic cooperation
July 20, 2018
Sisi, Bashir agree to maximize economic cooperation
President Abdel Fattah al-Sisi started a two-day visit to Sudan on Thursday, his first visit to Khartoum since his recent…
Sisi issues new law to develop Upper Egypt
July 18, 2018
Sisi issues new law to develop Upper Egypt
Egypt’s President Abdel Fattah al-Sisi issued Law No. 157 of 2018 which establishes the Upper Egypt Development Authority (UEDA),…
EU, Japan sign major trade deal in ‘message against protectionism’
July 17, 2018
EU, Japan sign major trade deal in ‘message against protectionism’
Japan and the EU signed a sweeping free trade deal Tuesday saying they were sending a “clear message” against…
Egyptian minister calls on developed world to reduce debt burden on developing countries
July 17, 2018
Egyptian minister calls on developed world to reduce debt burden on developing countries
Minister of Investment and International Cooperation Sahar Nasr on Monday urged developed countries to help alleviate the debt burden…
July 23 to be official holiday for banks and stock market: CBE
July 16, 2018
July 23 to be official holiday for banks and stock market: CBE
The Central Bank of Egypt (CBE) announced Monday that July 23 is an official holiday for banks and the…
Indian-owned SPP Pumps injects LE100mn investments to Egypt by 2022
July 15, 2018
Indian-owned SPP Pumps injects LE100mn investments to Egypt by 2022
Chairman of SPP Pumps, an Indian-owned pump company, Mohammed Hassan said on Saturday that the company will be supplying…
IMF continues to praise Egypt’s economic reforms in its third review
July 13, 2018
IMF continues to praise Egypt’s economic reforms in its third review
The International Monetary Fund (IMF) praised Egypt’s economic reforms during its third review of the country’s loan program on Thursday,…
Remittances from Egyptians abroad up by 41.2% in April 2018
July 10, 2018
Remittances from Egyptians abroad up by 41.2% in April 2018
The Central Bank of Egypt (CBE) announced a rise in remittances from Egyptians working abroad by 41.2 percent in…
China pledges $20 billion in loans for Arab states
July 10, 2018
China pledges $20 billion in loans for Arab states
China will provide Arab states with $20 billion in loans for economic development, President Xi Jinping told top Arab…