Business

Government to auction off state-owned land lots

Government to auction off state-owned land lots

Urban Development Authority CEO Ibrahim al-Agamy on Monday said the government decided to auction state-owned land for investment. In Sinai,…
Egypt-based company wins bid for Ethiopia tunnels

Egypt-based company wins bid for Ethiopia tunnels

Company Al-Mokawloon Al-Arab "Arab Contractors" won a bid for US$35 million to build tunnels in the Ethiopian capital Addis Ababa.…
Following truckers’ strike, Finance Ministry reverses move to raise cargo taxes

Following truckers’ strike, Finance Ministry reverses move to raise cargo taxes

The Egyptian Finance Ministry has reversed an earlier decision to raise taxes on cargo transport after truck drivers staged a…
Ministers approve plan to attract UAE investment

Ministers approve plan to attract UAE investment

The Council of Ministers approved a plan to attract United Arab Emirates (UAE) investment to Egypt. It also agreed to…
Egypt seeks billions in public-private partnerships

Egypt seeks billions in public-private partnerships

 Egypt plans to offer billions of dollars worth of transport, energy and other projects in partnership with private firms over…
Egypt, Abu Dhabi Fund sign US$49 million loan deal for power plant

Egypt, Abu Dhabi Fund sign US$49 million loan deal for power plant

 Egypt signed a loan agreement with Abu Dhabi Fund for Development worth 285 million Egyptian pounds (US$49.2 million) that will…
Germany pledges additional funds for High Dam project

Germany pledges additional funds for High Dam project

The German government signed an agreement extending €4.345 million in additional loans to Egypt for work on a project aiming…
Egypt gas deal overshadows Israel Tamar project

Egypt gas deal overshadows Israel Tamar project

Tel Aviv--Subsidiaries of conglomerate Israel Corp are to buy Egyptian natural gas in a 20-year deal worth between US$5 billion…
Egypt’s truckers’ strike threatens a bread crisis

Egypt’s truckers’ strike threatens a bread crisis

The Land Transportation Association said the government has so far incurred LE500 million in direct and indirect losses resulting from…
Low temperatures drive up crop prices

Low temperatures drive up crop prices

The current cold snap has caused the prices of vegetables and fruits to rise due to shortages of supply, according…
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