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Egypt signs $350 mn in oil, power financing deals with Saudi

Egypt signs $350 mn in oil, power financing deals with Saudi

Egypt signed $350 million worth of financing agreements with Saudi Arabia on Saturday aimed at upgrading its power grid and…
Forum urges Islamic banks to improve hedge management

Forum urges Islamic banks to improve hedge management

A forum held Saturday by the Union of Arab Banks in Sharm al-Sheikh called upon Islamic banks to reinforce the…
Food Supply Ministry considers providing commodities in return for garbage

Food Supply Ministry considers providing commodities in return for garbage

Domestic Trade and Food Supply Minister Khaled Hanafy said the ministry is considering a project that would give citizens free…
Saudi loan to support Egypt electricity and petroleum sectors

Saudi loan to support Egypt electricity and petroleum sectors

The government signed three deals on Saturday by which Egypt would obtain loans from the Saudi Fund for Development worth…
Minister: Egypt’s tourism increases 200% in September

Minister: Egypt’s tourism increases 200% in September

The flow of tourists to Egypt has increased tangibly over the past six months, according to Minister of Tourism, Hisham…
Govt grain hub targets considerable portion of world trade

Govt grain hub targets considerable portion of world trade

Egypt is seeking to influence 50 percent of the world’s wheat trade and 20 percent of the international grain exchange…
IMF to hold consultations with Egypt on Article IV next week

IMF to hold consultations with Egypt on Article IV next week

The International Monetary Fund (IMF) has announced that it will send a mission to Egypt, led by chief Chris Jarvis…
Stimulus package to boost international automotive investment in Egypt

Stimulus package to boost international automotive investment in Egypt

Egypt is preparing a package of incentives aimed at creating a sophisticated auto industry during the coming period through attracting…
EGX losses 22.4 billion, benchmark fells 7.1% during October 2014

EGX losses 22.4 billion, benchmark fells 7.1% during October 2014

The benchmark index EGX30 fell 7.1 percent during October 2014, recording 9,115.63 points from 9,811.40 at September's end, stock market…
New chemical project to produce 275,000 tons of caustic soda per year

New chemical project to produce 275,000 tons of caustic soda per year

Prime Minister Ibrahim Mehleb visited the Sanmar Chemicals factory in Port Said on Wednesday. The factory, which is the largest in…
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