economy
Egypt to focus on tourism development projects along “untapped” coastlines: Minister
Life & Style
April 29, 2018
Egypt to focus on tourism development projects along “untapped” coastlines: Minister
Egypt will be offering international investors the opportunity to develop sustainable cities along the Red Sea and its Mediterranean coasts,…
Bitcoin frenzy settles down as big players muscle into market
Business
April 28, 2018
Bitcoin frenzy settles down as big players muscle into market
After bouncing up, falling down and keeping investors on the edges of their seats, bitcoin may be maturing into a…
Egypt’s foreign direct investment rises 15%: Nasr to Bloomberg
Egypt
April 26, 2018
Egypt’s foreign direct investment rises 15%: Nasr to Bloomberg
Egypt’s Investment Minister Sahar Nasr told Bloomberg in a video interview aired Wednesday that the focus of the investment side…
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…
$2.5 bn worth of trade between Egypt, France in 2016/17
Economy
April 20, 2018
$2.5 bn worth of trade between Egypt, France in 2016/17
Trade between Egypt and France reached a value of $2.5 billion in the fiscal year 2016/17, announced the manager…
Egypt targets 5.9% growth rate for 2019, exceeding IMF, World Bank projections
Business
April 19, 2018
Egypt targets 5.9% growth rate for 2019, exceeding IMF, World Bank projections
Egypt’s Minister of Planning Hala al-Saeed said that the government aims to reach growth rate of 5.9% in 2019. Saeed…
Canada lifts ban on EgyptAir cargo after more than 2 year suspension
Egypt
April 19, 2018
Canada lifts ban on EgyptAir cargo after more than 2 year suspension
Canada has halted a ban on belly cargo on direct passenger flights from Egypt following a more than two-year suspension…
Steigenberger Hotels to expand in Egypt with new hotel in Luxor set to open by 2018
Travel
April 19, 2018
Steigenberger Hotels to expand in Egypt with new hotel in Luxor set to open by 2018
Steigenberger Hotels & Resorts, part of Deutsche Hospitality, has signed an agreement to open up the Steigenberger Resort Achti in…
Egypt to receive $2 bn from IMF after 3rd review in May: minister
Economy
April 19, 2018
Egypt to receive $2 bn from IMF after 3rd review in May: minister
Egypt’s Finance Minister Amr al-Garhy said on Wednesday that the review of the International Monetary Fund’s (IMF) third installment to…
US dollar prices slightly increase on Monday
Economy
April 16, 2018
US dollar prices slightly increase on Monday
The US dollar exchange rate witnessed a slight increase against the Egyptian pound reaching an average of LE17.58 during the banking dealing…