Business news wrap-up



Wed, 25 Oct 2017 - 05:36 GMT


Wed, 25 Oct 2017 - 05:36 GMT



25 October 2017:

Cabinet approves executive regulation of investment law

The cabinet approved during a meeting under Prime Minister Sherif Ismail on Wednesday the executive regulation of the investment law

Individual’s share of Egypt’s foreign debt increases to $812

The individual’s share of Egypt’s foreign debt increased seven percent in the fourth quarter (Q4) of fiscal year 2016/2017 to reach $812.3, compared with $759.4 in Q3 of the same year, the Central Bank of Egypt (CBE) revealed on Wednesday.

Egypt's exports to France up 12% in 8 months: Kabil

Trade exchange between Egypt and France reached €1.546 billion ($1.82 billion) in the first eight months of 2017, marking an increase of 12 percent from the €1.38 achieved during the same period last year, Trade Minister Tarek Kabil said on Wednesday.

List of agreements signed with France during President Sisi’s visit

On Monday morning, President Abdel Fatah al-Sisi arrived in Paris for a three-day visit to France. On Tuesday, Sisi and his French counterpart Emmanuel Macron held a press conference, where a number of memoranda of understanding (MoUs) and agreements, worth €400 million, were signed in a bid to boost bilateral cooperation between both countries.

Railway agreement with France to be implemented in 2018

Transport Minister Hisham Arafat said that the Cabinet’s approval of the executive regulations of the investment law will facilitate the implementation of the agreements signed with the French side in the fields of railways and underground service.

Egypt-France deal aims to develop entrepreneurship: Min.

Egypt and France signed Wednesday a joint cooperation deal to encourage and develop entrepreneurship through providing vehicles for youth. The deal, signed by Egyptian Minister of Industry and Trade Tareq Qabil and Deputy French Minister of Treasury Thomas Corp, aims to provide youth with tricycles to help them establish mobile projects.

In Pics: Egypt, France sign deal on youth employment

Egyptian Trade Ministry Tareq Qabil signed Wednesday with Deputy French Minister of Treasury Thomas Corp an agreement on a project for youth employment through mobile vehicles, on the third day of the Egyptian delegation’s visit to Paris.

Egypt acquires 52% of ME wheat market: Moselhi

Supply and Internal Trade Minister Ali Moselhi said that the storage capacity for wheat in Egypt reached 4.1 million tons via the Egyptian Holding Company for Silos and Storage and the silos firms.



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