Business News Wrap-up
Sat, Mar. 10, 2018
Tourist flows to Egypt will see an increase of 40-50 percent year-on-year in the 2018/19 season, Hamed el-Chiaty, Chairman of Travco Group said Saturday.
The first solar plant in the world’s largest solar park, Benban Solar Park, will start production with 50MW this week, Ahmed Fathy of the Egyptian Electricity Transmission Co. (EETC) said Saturday.
President Abdel Fatah al-Sisi held a meeting Saturday with Finance Minister Amr el-Garhy and his deputies Ahmed Kochouk and Ahmed Maeet to review economic performance in fiscal year 2017/18.
Some 800 businessmen and investors from nine countries will participate in Smart Vision’s tenth annual economic forum, which will be held in Cairo next week, a statement said Saturday.
Negotiations are underway to establish a joint Arab-Indian chamber, a statement from the Union of Arab Chambers said Saturday.
The Central Bank of Egypt (CBE), on behalf of the Ministry of Finance, is scheduled to issue LE 15.5 billion in treasury bills on Sunday.
Electricity Minister Mohamed Shaker said on Saturday that Egypt has become a founding member of the International Solar Alliance (ISA), due to its rich renewable energy resources, especially solar energy and its location between the Tropics of Cancer and Capricorn.