Business
China’s CFLD to finalise new Egyptian capital deal by year-end
October 27, 2016
China’s CFLD to finalise new Egyptian capital deal by year-end
China Fortune Land Development Company (CFLD) expects to finalise its $20 billion deal to develop part of Egypt's new capital…
Egypt jumps up 56 ranks in World Bank Electricity Production list
October 27, 2016
Egypt jumps up 56 ranks in World Bank Electricity Production list
Egypt ranks 88 for electricity production in the World Bank's 2017 Doing Business report, progressing 56 places up the rankings…
Air Cairo operates new flights from Europe to Sharm el-Sheikh
October 26, 2016
Air Cairo operates new flights from Europe to Sharm el-Sheikh
Air Cairo has started new flights between European countries and Sharm el-Sheikh, including Austria and Norway, according to an annoucement…
EGPC, Kuwait’s Energy signs partnership agreement on natural gas field in Iraq
October 26, 2016
EGPC, Kuwait’s Energy signs partnership agreement on natural gas field in Iraq
Egyptian General Petroleum Corporation (EGPC) has signed partnership agreement with Kuwait Energy oil company on the Siba natural gas field,…
Egypt’s Sisi says military economy just 1-1.5% of GDP
October 26, 2016
Egypt’s Sisi says military economy just 1-1.5% of GDP
The Egyptian military's economic activities are equivalent to just 1 to 1.5 percent of GDP and not more than 20…
Consumer complex head gets 5 years in jail for hoarding sugar
October 25, 2016
Consumer complex head gets 5 years in jail for hoarding sugar
The head of a consumer complex has been sentenced to five years in prison and a fine of LE100,000 for…
Basic commodity reserves are secure, being bolstered: minister
October 25, 2016
Basic commodity reserves are secure, being bolstered: minister
The Ministry of Supply and Internal Trade is currently working to build up a six-month strategic reserve of basic commodities,…
Egypt industry races to fill void as trade gap to narrow $11-12 billion in 2016
October 25, 2016
Egypt industry races to fill void as trade gap to narrow $11-12 billion in 2016
Egypt expects to cut its trade deficit by $11-$12 billion in 2016 as part of efforts to ease an acute…
Egypt’s Edita, maker of Twinkies, shuts sweet factory after sugar seized
October 25, 2016
Egypt’s Edita, maker of Twinkies, shuts sweet factory after sugar seized
Edita Food Industries, Egypt's maker of Twinkies, said on Monday its sweet factory in Beni Suef had been shut for…
Egypt PM expects IMF deal to be signed within two months
October 25, 2016
Egypt PM expects IMF deal to be signed within two months
Egypt hopes to receive final approval for its $12 billion International Monetary Fund lending program within two months, Prime Minister…