Business

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.

Japanese Amb: Egypt is pivotal country, its stability ‘indispensable’ for region’s safety

Wed, 24 Feb 2021 - 03:52 GMT

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.

Africa Finance Corporation hires Blackstone’s Zarou CEO, Sameh Shenouda, as CIO

Wed, 17 Feb 2021 - 12:45 GMT

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.

Egyptian investors resort to int’l arbitration over businesses harmed in Tigray’s conflict

Mon, 08 Feb 2021 - 07:31 GMT

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.

Doing Business in Time of Recession

Thu, 04 Feb 2021 - 08:29 GMT

A crisis or a change in the business ecosystem can alter how an enterprise functions and can even terminate industries giving rise to others.

Resolving investor issues, promoting state projects main tasks of General Authority for Investment

Sun, 22 Nov 2020 - 02:33 GMT

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.

Egypt tops emerging markets containing inflation: Cabinet

Sat, 21 Nov 2020 - 01:15 GMT

The Cabinet’s information center published an infographic showing that Egypt tops emerging markets in containing inflation domain.

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