Business
Kuwait, Bahrain lift ban on Egyptian agricultural exports
October 20, 2017
Kuwait, Bahrain lift ban on Egyptian agricultural exports
Minister of Agriculture, Abdel Moneim al-Banna, announced the temporary lifting of the ban on Egyptian agricultural exports of peppers, lettuce,…
Saudi needs Aramco billions as recession slows austerity drive
October 19, 2017
Saudi needs Aramco billions as recession slows austerity drive
Saudi Arabia’s plans to sell state assets – including a stake in energy giant Saudi Aramco – are becoming even…
Suez Canal revenues up to USD 4.3 billion in 2017: SCZone Chairman
October 19, 2017
Suez Canal revenues up to USD 4.3 billion in 2017: SCZone Chairman
The chairman of Suez Canal Authority (SCA) and SCZone — the Suez Canal Economic Zone, Mohab Mamish, announced on Wednesday that the…
Norwegian firms signs $3B deal with Iran for solar panels
October 18, 2017
Norwegian firms signs $3B deal with Iran for solar panels
Norwegian solar panel maker Saga Energy has signed a deal worth 2.5 billion euros ($2.9 billion) with Iran’s state-owned company…
US dollar prices record slight decline Wednesday
October 18, 2017
US dollar prices record slight decline Wednesday
The exchange rate for the US dollar against the Egyptian pound maintained its price during banking dealings, on Wednesday. According…
Airbus teams up with Canada’s Bombardier
October 17, 2017
Airbus teams up with Canada’s Bombardier
In the face of a bitter trade dispute with Boeing, Airbus announced it would take a majority stake in Bombardier’s…
World Bank transfers $125 mn to CBE for Upper Egypt development
October 17, 2017
World Bank transfers $125 mn to CBE for Upper Egypt development
The Ministry of Planning, Follow-up and Administrative Reform said that the World Bank (WB) transferred $125 million to Central Bank…
13 Egyptian startups make it onto Forbes’ top 100 in the Arab World
October 16, 2017
13 Egyptian startups make it onto Forbes’ top 100 in the Arab World
The startup scene in the Arab world continues to boom, with high value deals being culminated, new venture capitalists growing…
Nasr discusses education, transportation and sanitation support with WB officials
October 15, 2017
Nasr discusses education, transportation and sanitation support with WB officials
On Saturday Minister of Investment and International Cooperation, Sahar Nasr, met with the World Bank Vice-President for the Middle East, Hafez…
Finance Minister: Egypt more stable, foreign currency crisis over
October 15, 2017
Finance Minister: Egypt more stable, foreign currency crisis over
Finance Minister Amr al-Garhy said that the preliminary results of the economic reform program implementation in Egypt are very promising,…