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Business News Wrap-up

Sat, Mar. 10, 2018

Tourists visiting Egypt to reach 12M in 2018: Travco Chairman



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.

First plant in Benban’s solar park to start production this week



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.

Sisi discusses economic performance in 2017/18, new budget



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.

Businessmen, investors participate in Egypt Economic Forum



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 underway to establish joint Arab-Indian chamber



Negotiations are underway to establish a joint Arab-Indian chamber, a statement from the Union of Arab Chambers said Saturday.

CBE issues LE 15.5B in T-bills Sunday



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.

Egypt founding member of International Solar Alliance: Min.



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.
 
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