Egypt’s exports gain 15 % against 29 % imports decline in Q1 2017

Fri, Apr. 28, 2017

Egyptian exports hiked by 15.3 percent during first quarter (Q1) of 2017 to stand at $5,5 billion (EGP99.2 billion), comparing to $4.78 billion at the corresponding period of 2016, Minister of Industry and Trade Tarek Kabil announced in a statement on Fr

Local banks open free fees accounts during financial inclusion week

Fri, Apr. 28, 2017

Local banks have started to present special offers for new potential clients within the financial inclusion week, started Thursday, adopting an initiative to broaden their consumers base from various segments of society.

New 250 companies established this week: GAFI

Fri, Apr. 28, 2017

The General Authority for Investment and Free Zones (GAFI) has established new 250 companies worth EGP 221.2 million ($12 million) with a total issued share capital rate of 50 companies daily, according to a weekly report by GAFI.

SFD Ex-head appointed CEO of new SMEs association

Fri, Apr. 28, 2017

Ex-head of the Social Fund for Development, Neveen Gamea, was appointed Thursday as the acting executive director o the small- and medium-sized enterprises (SMEs) Association amid complaints it is lagging behind on its tasks

Open for Business

Fri, Apr. 28, 2017

On the heels of last month’s ITB travel fair, we catch up with Egyptian Tourism Promotion Chairman Hesham El Demery for his assessment of Egypt’s tourism industry and what we need to do to bring the tourists back.

$20B investments approved inside SC Zone

Fri, Apr. 28, 2017

Thirty projects with total investments of $20.3 billion were approved inside the Suez Canal Economic Zone (SC Zone), according to the SC Zone’s 2016 annual report, released Wednesday

Egypt founds entrepreneurship firm to boost start-ups

Thu, Apr. 27, 2017

A new entrepreneurship company was established to promote direct and indirect investment in startups and small companies with a total capital of 451 million EGP ($24.9 million), Minister of Investment and International Cooperation Sahar Nasr announced Thu

Average yields on Egyptian T-bills fall at auction

Thu, Apr. 27, 2017

Average yields on Egypt's six-month and one-year treasury bills fell at an auction on Thursday, data from the central bank showed.