According to IHS Markit, this decline signaled a modest deterioration in the health of the sector.
Al-Abbar added that the Egyptian market represents about 15 percent of the group’s total business, explaining that Egypt was one of the best markets in the region during the past year despite the pandemic.
A recent study issued by the Egyptian Center for Thought and Strategic Studies shed the light on the phenomenon of debtors in Egypt, who end up in prison.
Held under the patronage of His Excellency President Abdel Fattah El Sisi, The Real Gate is Egypt’s largest real estate exhibition and conference taking place between 25 and 27 March at the Egyptian International Exhibition Center in New Cairo.
Nile Developments contracts with "CFM", a member of the Orascom Group, to provide facilities management solutions for the first Festival Tower in the Administrative Capital.
Minister of Trade and Industry Nevine Gamea said one of the top priorities for the Egyptian government is to ensure the success of Egypt’s participation in Expo 2020 Dubai, with the world's largest trade fair taking place in an Arab country for the first time.
The Damietta Port received 29 container ships and cargo vessels over the past 24 hours.
The government announced the completion of the concrete of 15 towers, with heights reaching 42 floors, in the beach area of the New Alamein City.
The Japanese Ambassador in Cairo said that Egypt is a pivotal and important country in the Middle East and North Africa, politically, geographically and strategically, and its stability is indispensable for achieving peace and prosperity in the region.
Mr. Shenouda brings over 27 years of experience in investments and fundraising in international capital markets, with a focus on infrastructure development, setting up new platforms and supporting management teams.
The Ethiopian side has set conditions that their Egyptian counterpart should come to Ethiopia to negotiate this dispute, but the Egyptian side rejected due to the lack of guarantees.
A crisis or a change in the business ecosystem can alter how an enterprise functions and can even terminate industries giving rise to others.
The two most important tasks of the General Authority for Investment and Free Zones (GAFI) are resolving all issues faced by investors as well as promoting and marketing projects executed by the state, Prime Minister Mostafa Madbouly told GAFI's head Mohamed Abdel Wahab.
The Cabinet’s information center published an infographic showing that Egypt tops emerging markets in containing inflation domain.
Prime Minister Moustafa Madbouli asserted Monday that Egypt and UK have longstanding strategic relations.
They also tackled investment opportunities and challenges facing investors, as well as national projects implemented in the governorate.
"The total trade volume between Egypt and Britain has steadily increased over the last few years and crossed the £2 billion in 2019."
Al Mashat, urged for the World Bank and international institutions to tap into Africa’s private sector and support economic recovery.
President Abdel Fattah El Sisi received on Tuesday a telephone call from President of South Korea Moon Jae-In, during which they discussed fostering bilateral relations and partnership between both countries.
The meeting also took up ways to enhance trade exchange between Cairo and Dakar, the Foreign Ministry here said in a statement Tuesday.