Business

Trade minister predicts 6% economic growth by year’s end

Trade minister predicts 6% economic growth by year’s end

The Egyptian economy will achieve a 6-percent growth rate by the end of this year and a 7.6 percent growth…
CBE provides training to Iraq central bank employees

CBE provides training to Iraq central bank employees

With the stated aim of contributing to the reform of the Iraqi banking sector, the Central Bank of Egypt (CBE)'s…
Orascom sells Tunisiana stake for US$1.2 bln

Orascom sells Tunisiana stake for US$1.2 bln

Orascom Telecom has sold its 50 percent stake in Tunisian mobile operator Tunisiana to a Qatari-Tunisian consortium for US$1.2 billion,…
Trade Minister visits Paris to develop stronger commercial ties

Trade Minister visits Paris to develop stronger commercial ties

Egypt’s Minister of Trade and Industry Rachid Mohamed Rachid travels to Paris on Monday to negotiate more Egyptian exports to…
Authorities close travel agency responsible for Hurghada bus accident

Authorities close travel agency responsible for Hurghada bus accident

Egyptian authorities on Sunday closed down the branch of the travel agency that had organized the trip for the tourists…
Lack of passengers delays Tehran-Cairo flights

Lack of passengers delays Tehran-Cairo flights

Tehran--The resumption of direct flights between the capitals of Cairo and Tehran have not yet started due to lack of…
Official: Egypt luring more than 15 million tourists a year

Official: Egypt luring more than 15 million tourists a year

The annual number of tourists visiting Egypt has risen to more than 15 million, cabinet spokesman Magdi Radi said on…
Govt scraps restrictions on mandatory sale announcements

Govt scraps restrictions on mandatory sale announcements

The Ministry of Trade has decided to lift restrictions imposed on traders regarding mandatory sale announcements. It has also authorized…
Egyptian bank denies allegations of Iranian collusion

Egyptian bank denies allegations of Iranian collusion

The Cairo-based Misr Iran Development Bank (MIDB) has denied allegations that it violated internationally-approved sanctions against Iran.
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