Business
Egypt’s foreign reserves hit a new record amid rigorous economic reforms
May 3, 2018
Egypt’s foreign reserves hit a new record amid rigorous economic reforms
Egypt’s net foreign reserves jumped from $42.611 billion in the end of March to $44.030 billion at the end of…
Egyptian Electricity Holding to raise $700mn loan with HSBC and Credit Suisse: sources
May 3, 2018
Egyptian Electricity Holding to raise $700mn loan with HSBC and Credit Suisse: sources
State-owned Egyptian Electricity Holding Company (EEHC) is raising a syndicated loan of up to around $700 million with Credit Suisse…
Key sticking points in the US-China trade dispute
May 3, 2018
Key sticking points in the US-China trade dispute
US Treasury Secretary Steven Mnuchin will lead a delegation to Beijing this week to meet with Chinese officials and try…
Euro zone economy to slow next year, downside risks increase: Commission
May 3, 2018
Euro zone economy to slow next year, downside risks increase: Commission
Euro zone economic growth will slow this year and next from a peak expansion in 2017, the European Commission forecast…
Electricity ministry to impose renewable energy quota on factories
May 1, 2018
Electricity ministry to impose renewable energy quota on factories
Egypt’s Ministry of Electricity is planning to impose a minimum quota of renewable energy consumption on factories operating in the…
Egyptian exports have increased 81.5% to Cyprus, 22.7% to Greece
May 1, 2018
Egyptian exports have increased 81.5% to Cyprus, 22.7% to Greece
Minister of Trade Tarek Kabil announced that the Egyptian-Cypriot-Greek relations represent a successful model for cooperation, adding that the the…
Game-changing insights into the real estate market NDS
April 30, 2018
Game-changing insights into the real estate market NDS
As the real estate market continues to improve in Egypt, new trends are shaping the market in 2018. The report…
Egypt to focus on tourism development projects along “untapped” coastlines: Minister
April 29, 2018
Egypt to focus on tourism development projects along “untapped” coastlines: Minister
Egypt will be offering international investors the opportunity to develop sustainable cities along the Red Sea and its Mediterranean coasts,…
China eases restrictions on foreign ownership of securities ventures
April 29, 2018
China eases restrictions on foreign ownership of securities ventures
China’s securities regulator has released new guidelines for foreign investment in Chinese security joint ventures in which it eased some…
Bitcoin frenzy settles down as big players muscle into market
April 28, 2018
Bitcoin frenzy settles down as big players muscle into market
After bouncing up, falling down and keeping investors on the edges of their seats, bitcoin may be maturing into a…