U.S. one-hundred dollar bills are seen in this picture illustration, August 2, 2013 -  REUTERS/Kim Hong-Ji/Illustration U.S. one-hundred dollar bills are seen in this picture illustration, August 2, 2013 - REUTERS/Kim Hong-Ji/Illustration

Business News Wrap-up

Wed, Dec. 27, 2017

Egypt signs $200M agreement with EBRD for energy efficiency


Minister of Investment Sahar Nasr signed an agreement with the European Bank for Reconstruction and Development (EBRD) to provide a $200 million loan to the Egyptian Natural Gas Holding Company (EGAS).

Egypt's foreign trade stands at $71B since pound's flotation


Egypt's foreign trade volume recorded $70.8 billion since the flotation of the Egyptian pound in November 2016, the Central Bank of Egypt announced Wednesday.

EGX closes in red, market cap up gains over LE 16B


The Egyptian Exchange (EGX) ended its transactions Wednesday in red, with the three main indexes down.

Groundbreakers that restructured global economies in 2017

As 2017 nears its end, Egypt Today reviews some of its biggest economic events that have caused a global boom anticipated to ripple into 2018.

‘Rowad 2030’ entrepreneurship project launched

The Ministry of Planning has launched the “Rowad 2030” (entrepreneurs 2030) project, which provides young calibers with a master’s degree in entrepreneurship, Planning Minister Hala el-Saeed said Wednesday.

JICA marks 40 yrs in Egypt, providing $7.86B total aid

he Japan International Cooperation Agency's (JICA) Egypt office has completed 40 years of operations, providing 890.4 billion yen in total support to the Egyptian government to achieve growth and development.

Gov’t to develop spinning, weaving companies in northern Egypt


The government has a five-year plan to develop spinning and weaving companies in northern Egypt, Head of the Cotton and Textile Industries Holding Company Ahmed Mostafa said Wednesday.

EGX approves Orascom Development Egypt as new name for OHD


Orascom Hotels and Development’s (OHD) shares will trade under the new name of Orascom Development Egypt, which was approved by the EGX listing committee on Tuesday, the Egyptian Exchange said in a statement.
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