Business News Wrap-up
Sat, Mar. 17, 2018
Egypt and the United Arab Emirates (UAE) have agreed on enhancing joint cooperation in all fields to boost investment, industrial and commercial ties between both states.
A delegation of 50 big American companies will be visiting Egypt in October, Head of the American Chamber of Commerce in Egypt (AmCham) Tarek Tawfik told reporters on the sidelines of the Door Knock mission in Washington.
Seven new petrol stations to open in Upper Egypt in 2018, with LE 85 million investments, a statement from the Petroleum Ministry said Saturday.
The East Port Said port has a wharf of 2,400 meters, with investment of LE 1.8 billion, Chairman of the Suez Canal Authority Mohab Mamish said Saturday.
Mamish’s comments came during the inspection of a number of projects in eastern Port Said, in the presence of President Abdel Fatah al-Sisi.
President Abdel Fatah al-Sisi said Saturday that developing East Port Said Port would require more than LE 80 billion.
During his inspection visit to Port Said Governorate, Sisi said that developing the East Port Said Port and its vicinity came as part of Egypt’s efforts to support the development process in Sinai.
Egypt’s participation in the 25th Moscow International Travel & Tourism Exhibition (MITT) reflects the keenness of Russian tourists to visit Egypt despite the travel ban, Chairman of Egypt's Tourism Authority Amr El-Ezaby said.
Egypt’s gas production reached around 5.4 billion cubic feet a day (cfd) in February 2018, an official source in the petroleum sector said Saturday.