investment

US-based gas corporation ‘Apache’ plans to drill 50 oil wells in Egypt in a year
Egypt

US-based gas corporation ‘Apache’ plans to drill 50 oil wells in Egypt in a year

Minister of Petroleum Tariq al-Mulla discussed recently with the CEO of ‘Apache Corporation’, John Christman, and his accompanying delegation, the…
Days of Egyptian pound’s stagnation numbered: Bloomberg
Business

Days of Egyptian pound’s stagnation numbered: Bloomberg

Financial news website Bloomberg reported on Monday that the days of the stagnation of the Egyptian pound may be numbered,…
$3.3 bn Disneyland-style theme park to open doors in Egypt
Egypt

$3.3 bn Disneyland-style theme park to open doors in Egypt

Martouh Governor Alaa Abu Zeid signed on Thursday an investment contract with the Entertainment World Company, for a joint US-Saudi…
Egypt sees growth for FY 2018-19 at 5.8 percent -minister
Economy

Egypt sees growth for FY 2018-19 at 5.8 percent -minister

Egypt is targeting economic growth of 5.8 percent in the financial year that will begin in July, Planning Minister Hala…
CBE warns against Bitcoin transactions
Egypt

CBE warns against Bitcoin transactions

The Central Bank of Egypt (CBE) warned against using virtual currencies, namely Bitcoin, due to the high risks involved, describing…
Parliament approves first preliminary bankruptcy law
Egypt

Parliament approves first preliminary bankruptcy law

In an effort to improve Egypt’s ranking as an attractive market for investment, theĀ Egyptian General Assembly in Parliament approved the…
Bitcoin hits new record high as warnings grow
World

Bitcoin hits new record high as warnings grow

Bitcoin blasted to another all-time high of just over $17,750 on Friday, up 8 percent on the day, as concerns…
Forbes celebrates 100-year anniversary by honoring Egyptian business innovators
Features/Interviews

Forbes celebrates 100-year anniversary by honoring Egyptian business innovators

Gathered in the luxurious setting of the Nile Ritz-Carlton Hotel sat some of the most brilliant minds in Egypt; upon…
US-Saudi consortium to invest $3bn in amusement park complex at Egypt’s Matrouh
Egypt

US-Saudi consortium to invest $3bn in amusement park complex at Egypt’s Matrouh

A consortium of unnamed US and Saudi companies are investing US $3 billion in an amusement park complex in the…
Is Egypt reaching its aspired economic goals 1 year after the currency float?
Features/Interviews

Is Egypt reaching its aspired economic goals 1 year after the currency float?

One year after Egypt took the dramatic step of floating its pound, inflation is still taking its toll on the…
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