investment
US-based gas corporation ‘Apache’ plans to drill 50 oil wells in Egypt in a year
Egypt
March 23, 2018
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
February 27, 2018
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
February 1, 2018
$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
January 30, 2018
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
January 10, 2018
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
January 10, 2018
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
December 15, 2017
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
November 28, 2017
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
November 13, 2017
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
November 3, 2017
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…