Business

Agadir Agreement encourages Egypt trade exchange to Morocco, Jordan and Tunisia by 46%

Agadir Agreement encourages Egypt trade exchange to Morocco, Jordan and Tunisia by 46%

The Ministry of Trade and Industry has said that the Agadir Agreement had allowed Egypt to increase by 46 percent…
Pressure on Qatar to extend maturity of $2.5 bn in bonds owed ​​by Egypt

Pressure on Qatar to extend maturity of $2.5 bn in bonds owed ​​by Egypt

A Finance Ministry source said Gulf states are putting pressure on Qatar to extend the maturity of bonds worth US$2.5…
Petroleum Authority signs LE10 bn loan to repay foreign companies

Petroleum Authority signs LE10 bn loan to repay foreign companies

Five banks on Wednesday granted the Petroleum Authority the biggest loan in the history of the Egyptian banking system worth…
Egypt borrows a record LE216 billion from local market in 1st quarter

Egypt borrows a record LE216 billion from local market in 1st quarter

Egypt’s domestic debt sales have grown by an annual 8.2 percent to a record LE216.3 billion (US$30.3 billion) in the…
Stock market earns LE700 million

Stock market earns LE700 million

The Egyptian stock market gained LE700 million, supported by purchases of Egyptian investors, and the market capitalization of the listed…
Egypt aims to boost electronics industry to LE70 billion by 2020

Egypt aims to boost electronics industry to LE70 billion by 2020

Minister of Communications and Information Technology Atef Helmy said on Monday that Egypt aims to boost its electronics industry from…
UAE’s Dana Gas wins gas exploration deals in Egypt

UAE’s Dana Gas wins gas exploration deals in Egypt

United Arab Emirates energy firm Dana Gas said on Monday that it had been awarded exploration deals for two onshore…
New factory could allow Egypt to start exporting petrochemicals to Europe

New factory could allow Egypt to start exporting petrochemicals to Europe

A new state-owned ethylene factory due to start production in Alexandria next year could save Egypt about $500 million on…
Stock market falls on Sunday

Stock market falls on Sunday

The main EGX 30 index of the Egyptian Stock Exchange fell by 0.97 percent at the end of Sunday’s trading,…
CAPMAS: Incoming tourists to Egypt decline by 25.4 percent in 2014

CAPMAS: Incoming tourists to Egypt decline by 25.4 percent in 2014

Central Agency for Public Mobilization and Statistics (CAPMAS) has released a report showing a decline in number of incoming tourists…
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