Business
Egypt, OFID sign $53.2mn irrigation project agreement
April 23, 2018
Egypt, OFID sign $53.2mn irrigation project agreement
Minister of Investment and International Cooperation Sahar Nasr and Chairman of the OPEC Fund of International Development (OFID) Suleiman al-Herbish…
World Bank applauds Sisi’s efforts to tackle Egypt’s economic woes
April 23, 2018
World Bank applauds Sisi’s efforts to tackle Egypt’s economic woes
President of the World Bank group Jim Yong Kim praised the “economic success” that he said Egypt has achieved and applauded…
US dollar maintains exchange rates on Monday
April 23, 2018
US dollar maintains exchange rates on Monday
The US dollar maintained stable exchange rates in all banks on Monday, with an average price of LE17.58 in the…
Egypt announces new strategy to double number of e-commerce businesses by 2020
April 21, 2018
Egypt announces new strategy to double number of e-commerce businesses by 2020
In further aims to expand the country’s e-commerce sector, Egypt revealed a plan to double the number of businesses selling products…
Egypt exports to EU up by 21% in 2017, minister
April 20, 2018
Egypt exports to EU up by 21% in 2017, minister
Egypt’s Trade and Industry Minister Tareq Qabil said on Friday that Egyptian commodity exports to the European Union (EU) market…
Egypt committed to economic reform and would increase taxes: MInister
April 20, 2018
Egypt committed to economic reform and would increase taxes: MInister
Egypt’s Finance Minister Amr al-Garhy continued his activity in the US capital Washington, where he participated in some important meetings…
$2.5 bn worth of trade between Egypt, France in 2016/17
April 20, 2018
$2.5 bn worth of trade between Egypt, France in 2016/17
Trade between Egypt and France reached a value of $2.5 billion in the fiscal year 2016/17, announced the manager…
Egypt targets 5.9% growth rate for 2019, exceeding IMF, World Bank projections
April 19, 2018
Egypt targets 5.9% growth rate for 2019, exceeding IMF, World Bank projections
Egypt’s Minister of Planning Hala al-Saeed said that the government aims to reach growth rate of 5.9% in 2019. Saeed…
$15 billion worth of EU investments in Egypt: official
April 19, 2018
$15 billion worth of EU investments in Egypt: official
Head of Egypt’s General Authority for Investment and Free Zones (GAFI) Mona Zobaa said that investments from European Union (EU)…
Egypt signs USD$8.1 mn urban development deal with Switzerland to fund ‘Hayyena’ project
April 19, 2018
Egypt signs USD$8.1 mn urban development deal with Switzerland to fund ‘Hayyena’ project
Minister of Housing Mostafa Madbouly signed on Wednesday a USD $8.1 million deal with Paul Garnier, the Swiss ambassador to Cairo, …