development
IMF seeks to crack down on corruption, World Bank boosts lending capacity
World
April 23, 2018
IMF seeks to crack down on corruption, World Bank boosts lending capacity
The IMF is calling on wealthier countries to limit potential safe havens for dirty money. Meanwhile, the World Bank has…
Egypt announces new strategy to double number of e-commerce businesses by 2020
Business
April 21, 2018
Egypt announces new strategy to double number of e-commerce businesses by 2020
In further aims to expand the country’s e-commerce sector, Egypt revealed a plan to double the number of businesses selling products…
Egypt committed to economic reform and would increase taxes: MInister
Business
April 20, 2018
Egypt committed to economic reform and would increase taxes: MInister
Egypt’s Finance Minister Amr al-Garhy continued his activity in the US capital Washington, where he participated in some important meetings…
$15 billion worth of EU investments in Egypt: official
Business
April 19, 2018
$15 billion worth of EU investments in Egypt: official
Head of Egypt’s General Authority for Investment and Free Zones (GAFI) Mona Zobaa said that investments from European Union (EU)…
Egypt signs USD$8.1 mn urban development deal with Switzerland to fund ‘Hayyena’ project
Economy
April 19, 2018
Egypt signs USD$8.1 mn urban development deal with Switzerland to fund ‘Hayyena’ project
Minister of Housing Mostafa Madbouly signed on Wednesday a USD $8.1 million deal with Paul Garnier, the Swiss ambassador to Cairo, …
Sisi to inaugurate Middle East’s largest cement plant on Friday
Egypt
April 11, 2018
Sisi to inaugurate Middle East’s largest cement plant on Friday
President Abdel Fattah al-Sisi will inaugurate within days the Middle East’s largest cement pant, opening in the Beni Suef governorate…
Egypt to inject LE55 bn into railway development
Egypt
April 11, 2018
Egypt to inject LE55 bn into railway development
Egypt’s Transport Minister Hesham Arafat said in a press statement that there is a comprehensive plan to develop the railway…
Egypt establishing 19 desalination plants to use Red and Mediterranean Seas’ waters
Egypt
April 4, 2018
Egypt establishing 19 desalination plants to use Red and Mediterranean Seas’ waters
Egypt’s Minister of Housing Mostafa Madbouli reviewed recently the ongoing establishment of 19 desalination plants in Egypt for the Red…
Egyptian exports to Spain increased by 52% in 2017: minister
Business
April 4, 2018
Egyptian exports to Spain increased by 52% in 2017: minister
Egypt’s Trade and Industry Minister Tareq Qabil said on Tuesday that Egyptian commodity exports to the Spanish market made big…
Govt allocates LE174.5 mn for this year’s North Sinai development projects
Egypt
March 22, 2018
Govt allocates LE174.5 mn for this year’s North Sinai development projects
Government allocations for projects implemented in the current year in North Sinai have totaled LE174.5 million, North Sinai governor Abdel Fattah…