Egypt's participation in G7, TICAD summits help attract investments: Amb.

Fri, Aug. 23, 2019

Ambassador Mohamed Hegazy, former assistant foreign minister, said Egyptian president's participation in the G7 summit and the 7th TICAD summit in Japan in one week will provide an important opportunity to consult with leaders of major countries.

CBE resumes monetary easing cycle, cuts interest rates by 150bps

Thu, Aug. 22, 2019

August's meeting is CBE's fifth meeting in 2019, which ended with cutting the rates amid a global wave of interest rates cut, decline of inflation rate to a four-year low, and the hovering prices of oil around $60 per barrel.

AOI, Rohde & Schwarz mull cooperation in manufacturing security gates

Thu, Aug. 22, 2019

The move falls within the framework of the state's national plan to expand the use of security gates and X-ray baggage scanners at all new smart facilities and cities.

CBE expected to follow global wave of interest rate cuts amid inflation drop

Thu, Aug. 22, 2019

Egypt's Central Bank (CBE) is expected to cut interest rates on Thursday's, August 22, meeting by around 100 basis points.

Cabinet approves contract on East Port Said port

Thu, Aug. 22, 2019

The contract stipulates allocating a 900-meter quay with BOT system on 330,000 square meters.

State adopting new approach to make best use of Egypt's resources: official

Thu, Aug. 22, 2019

He promised to exert more efforts to increase the revenues of the canal.

EGX shows mixed performance Thursday ahead of MPC meeting

Thu, Aug. 22, 2019

The benchmark EGX 30 dropped 0.17 percent, or 24.02 point, to close at 14,333.16 points.

Egypt to link Zohr's well 13 to production by end of September

Thu, Aug. 22, 2019

Petroleum Sector will complete linking well number 13 of Zohr gas field toproduction by the end of September, an official source at the sector said.