Business

Egypt inaugurates 270 mn-euro wind turbine plant

Egypt inaugurates 270 mn-euro wind turbine plant

Egypt’s Electricity and Renewable Energy Minister Mohamed Shaker opened an EU-funded wind turbine station for electricity production at a total cost…
Egypt Central Bank to hold pound steady at first auction under new governor: traders

Egypt Central Bank to hold pound steady at first auction under new governor: traders

Egypt's central bank will hold the pound steady at LE7.7301 to the dollar at an official foreign currency auction on…
Private company awaits permit for gas import from Israel

Private company awaits permit for gas import from Israel

An Egyptian private energy firm is a waiting for permission from Egypt’s national gas company to begin importing natural gas…
New c.bank chief watched in Egypt

New c.bank chief watched in Egypt

In Egypt, investors will be watching the level of the Egyptian pound at official auctions and in the parallel market…
38% decrease in Egypt oil exports during August: CAPMAS

38% decrease in Egypt oil exports during August: CAPMAS

The Central Agency for Public Mobilization and Statistics (CAPMAS) said on Saturday that Egypt's oil exports decreased by 38 percent…
SCA signs deal with DP World for Ain Sokhna sea port development

SCA signs deal with DP World for Ain Sokhna sea port development

Egypt’s Suez Canal Authority (SCA) and the Red Sea Ports Authority signed an agreement with Dubai Ports World and Sonker…
Sudan emerges as regional hub for sugar imports, smuggling rife

Sudan emerges as regional hub for sugar imports, smuggling rife

Sudan has long been known for its sweet tooth, but is now importing far more sugar than it can consume…
Egyptian pound steady at dollar sale and on parallel market

Egyptian pound steady at dollar sale and on parallel market

The Egyptian pound was stable at a dollar sale on Thursday, with the central bank selling $37.1 million at a…
Egypt returns ex-governor Okda to central bank fold

Egypt returns ex-governor Okda to central bank fold

Egypt has appointed ex-central bank governor Farouk al-Okda to a high-level committee at the central bank as part of a…
Egypt, IMO sign deal on shipping industry

Egypt, IMO sign deal on shipping industry

A deal was signed with the International Maritime Organization (IMO) to boost relations between the UN agency and Egypt in…
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