Business

Egypt skips ‘Commodity Dependence’ trap, thanks to diverse exports: Report

Sat, 23 Oct 2021 - 11:24 GMT

Reports showed Egypt is one of the countries that are outside this trap due to the government’s keenness on expanding manufacturing activities

Egypt’s FM meets with Chief of AmCham Egypt

Sat, 18 Sep 2021 - 11:15 GMT

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.

EGX discusses with leaders of growing businesses growth opportunities through Egyptian Capital Market

Thu, 26 Aug 2021 - 03:01 GMT

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.

Know about major trade agreements linking Egypt with Africa

Mon, 23 Aug 2021 - 07:45 GMT

Egypt has a number of trade agreements that link it with 55 African states, aiming to increase economic cooperation.

Ministry of International Cooperation Announces Details on Development Financing Agreements Worth €1.7 billion Signed with France

Wed, 16 Jun 2021 - 12:43 GMT

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 Signs a Memorandum of Understanding with Sky Investments

Tue, 15 Jun 2021 - 05:07 GMT

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.

Egypt signs 4 bln euro deals with France

Sun, 13 Jun 2021 - 09:04 GMT

“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.

Egypt's PM follows up projects at Suez Canal Economic Zone

Sat, 05 Jun 2021 - 10:19 GMT

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.

US dollar exchange rate stable at Egypt's banks

Sun, 09 May 2021 - 07:53 GMT

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.

CAPMAS: Number of Egyptians who acquired immigrant status falls by 47.4% in 2020

Sun, 09 May 2021 - 11:45 GMT

The number of Egyptians who gained immigration approvals reached 153 main immigrants and 31 accompanied ones, the report said.

Mullah: Oil sector contribution to GDP reached 24 percent during FY 2019/2020

Sun, 09 May 2021 - 11:37 GMT

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 launches a new program to support mobile app startups in the Middle East and Africa region

Wed, 21 Apr 2021 - 11:46 GMT

Huawei’s Eco-development department has launched the first edition of its program to support Startups in the Middle East and Africa region.

Egypt's PMI dips in March for 1st time in 3 months

Mon, 05 Apr 2021 - 02:50 GMT

According to IHS Markit, this decline signaled a modest deterioration in the health of the sector.

Emaar aims to increase volume of its business in Egypt to 30%

Sun, 28 Mar 2021 - 01:09 GMT

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.

Study: Egypt soon to have zero debtors in prison

Tue, 23 Mar 2021 - 04:24 GMT

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.

The Investment Club from the Real Gate Discusses Transforming Egypt into an International Real Estate Market

Mon, 15 Mar 2021 - 11:45 GMT

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

Fri, 12 Mar 2021 - 03:21 GMT

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.

Govt attaches great importance to ensuring success of Cairo's participation in Expo 2020 Dubai: minister

Fri, 12 Mar 2021 - 02:13 GMT

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.

Damietta Port receives 29 container ships, cargo vessels

Fri, 12 Mar 2021 - 11:15 GMT

The Damietta Port received 29 container ships and cargo vessels over the past 24 hours.

Concrete structures of 15 towers in Egypt’s New Alamein city completed: Gov’t

Sat, 27 Feb 2021 - 02:43 GMT

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.

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