Business News Wrap-up

Sisi inaugurates third Africa STI Forum in Cairo

President Abdel Fatah al-Sisi inaugurated on Saturday the third Africa Forum on Science, Technology and Innovation "Africa STI Forum" that will be held from February 10 to 12 in Cairo.

Egypt monitoring global market before Eurobond issue: Min

Egypt is currently monitoring global financial markets to decide on the right time to issue the Eurobonds, which have been slated for this week, Finance Minister Amr el-Garhy said.

Foreign investment in Egypt’s T-bills soars to $20.3B since float: Min.

Foreigners have invested a total of around $20.3 billion in Egyptian debt instruments since the Egyptian pound flotation in November 2016 and until February this year, Finance Minister Amr el-Garhy said Saturday.

Egypt's inflation predicted to slip 10-13% by year-end: Finance Min.

Egypt’s inflation is predicted to drop to 10 to 13 percent by the end of the year, Finance Minister Amr el-Garhy said Saturday.

Sawiris praises state support for Zewail City

Businessman and Member of the Board of Trustees of the Zewail City of Science and Technology Samih Sawiris has praised the government’s role in supporting Zewail city.

Lagarde says no excuse for energy subsidies, highlights progress in Egypt

International Monetary Fund (IMF) Managing Director Christine Lagarde affirmed on Saturday the importance of removing energy subsidies worldwide and especially in the Middle East.

1st Global Happiness Policy Report launched in Dubai

UAE’s Minister of State for Happiness and Wellbeing Ohood Al-Roumi announced on Saturday the first Global Happiness Policy Report, which sets out policies needed to make a genuine difference in the well-being of humanity.

The report highlights global best practices and inspiring experiences of happiness and well-being, celebrating the best government achievements in this area.