Euro, Hong Kong dollar, U.S. dollar, Japanese yen, pound and Chinese 100 yuan banknotes are seen in this picture illustration, January 21, 2016 - REUTERS/Jason Lee/Illustration/File Photo
Petroleum Minister Tarek el-Molla discussed with Japanese company Toyota on Sunday an initial study to establish a refineries complex in Suez governorate, a statement from the Petroleum Ministry said.
The Egyptian Exchange (EGX) ended the first session of the week on a mixed note, amid Egyptian and foreign selling.
Egypt’s exports to Turkey increased 38.5 percent in 2017, recording $1.998 billion, compared to $1.443 billion in 2016, Minister of Industry and Foreign Trade Tarek Kabil said on Sunday.
Minister of Petroleum Tarek el-Molla said that a global tender will be issued before the end of 2018 to explore petroleum wealth, including new sectors of the Red Sea after providing international research companies with geophysical data from Egypt's economic zone in the Red Sea.
Minister of Investment and International Cooperation Sahar Nasr launched on Sunday the movable guarantees registry system, which provides small- and medium-sized enterprises (SMEs) with an additional funding tool.
The International Finance Cooperation (IFC), a member of the World Bank Group, will provide advisory services to the Dakahliya Businessmen Association for Community Development (DBACD), a leading microfinance institution in Egypt, with the aim of ramping up its lending to vulnerable and low-income citizens, a statement from the IFC said Sunday.
he government announced on Sunday that the first phase of Al-Robeky city for leather tanneries is complete, with a big number of entities starting production.
This came during a meeting chaired by Prime Minister Sherif Ismail to follow up on the leather city project in Robeky.
Having been in the market for more than 40 years, Toyota has decided in 2017 to increase its investment in Egypt over a five-year span.
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