Reports showed Egypt is one of the countries that are outside this trap due to the government’s keenness on expanding manufacturing activities
The meeting took place prior to the departure of the US delegation to the United States on a “Door Knock” mission, which comes within the framework of supporting all efforts aimed at promoting further investments & trade between two countries, Hafez said.
The meeting came after Prime Minister Mustafa Madbouli’s meeting with growing SMEs companies in the presence of Rania Al-Mashlat, Minister of International Cooperation, and Mohamed Farid, Executive Chairman of EGX, stressing the government's keenness to strengthen the entrepreneurial environment and support startups to grow and achieve their goals.
Egypt has a number of trade agreements that link it with 55 African states, aiming to increase economic cooperation.
During the French delegation’s visit, development financing agreements that were signed cover various sectors, particularly transportation which amounts to €1.37 billion.
City Edge Developments signed a strategic memorandum of understanding with Sky Investments that allows the company to take part in the marketing, leasing, and property management of brands in CED’s project in Sheikh Zayed.
“The deals are expected to provide a financing package worth 1.7 billion Euros, 776 million Euros from the French government and 990 million Euros from the French Development Agency, to fund projects in the fields of transport, housing, electricity, education, and wholesale markets,” state-owned news agency MENA reported.
He was accompanied by Minister of Oil Tarek El Mulla, Minister of Transport Kamel Wazir and Governor of Port Said Adel El Ghadban along with Governor of Suez Abdel Maguid Saqr.
The dollar registered its lowest exchange rate at the National Bank of Egypt, recording EGP 15.60 for buying and EGP 15.70 for selling.
The number of Egyptians who gained immigration approvals reached 153 main immigrants and 31 accompanied ones, the report said.
The minister's remarks were made during an event marking the International Cooperation Ministry launching of a joint coordination platform with the Oil and Mineral Wealth Sector
Huawei’s Eco-development department has launched the first edition of its program to support Startups in the Middle East and Africa region.
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.