development

IMF seeks to crack down on corruption, World Bank boosts lending capacity
World

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

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

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

$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

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

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

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

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

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

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…
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