Business News Wrap-up

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Sat, 28 Apr 2018 - 05:16 GMT

FILE- Egyptian currency

FILE- Egyptian currency

Subsidies increase to LE 69B in H1 of 2017/18



Subsidies in the first half (H1) of the current fiscal year (July-December 2017) increased to reach LE 69.6 billion, compared to LE 38.6 billion in the same period of the previous fiscal year, data from the state statistics agency CAPMAS show.

Egyptian trade mission to visit Slovakia, Poland to boost trade



The Egyptian council for international cooperation is organizing a trade mission to Slovakia and Poland in May to explore joint investment opportunities and boost trade through opening new markets for Egyptian products.

Egypt receives 50K Iraqi tourists in Q1 of 2018



Egypt received 50,000 Iraqi tourists in the first quarter (Q1) of 2018, Reda Dawoud, head of a travel agency said Saturday, expecting the number to reach 400,000 by the end of 2018.

Egypt seeks to connect natural gas to 3M housing units by 2022



Egypt’s mineral resources sector seeks to connect natural gas to three million housing units in light of the medium-term sustainable development strategy (2018/19-2021/2022), according to an infograph published by the Planning Ministry.


Moscow to host Egyptian-Russian economic committee in May



Minister of Trade and Industry Tarek Kabil said that meetings of the joint Egyptian-Russian economic committee will to be held in Moscow in the second half of May.

UK digital marketing makes £11.5B, threatens news industry



Total advertising in the UK managed to grow by 4.6 percent to record £22.2 billion ($30.6 billion) in 2017, according to the latest report from the Internet Advertising Bureau (IAB) UK and PwC.

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