economics

Egypt to launch economic indicators database for governmental researchers, may open it partially to others

Wed, 18 Aug 2021 - 01:42 GMT

The database is part of the internal platform for mechanization and digital transformation at the ministry.

Chinese projects in Egypt not affected by COVID-19: ambassador

Sat, 23 May 2020 - 11:35 GMT

As yet, the volume of Chinese investments in Egypt reached $7 billion, while the number of Chinese companies operating Egypt registered 1,600 businesses.

High-yield saving certificates of NBE, Banque Misr garner EGP 137 billions in gains

Sat, 16 May 2020 - 01:59 GMT

Mohamed el Atrebi, Board Chairman of Banque Misr, told MENA that the bank sold certificates worth 43 billion pounds since the new certificates were issued.

Egypt to establish free zone in New Valley for phosphoric acid production

Fri, 17 Apr 2020 - 12:18 GMT

The free zone will be established on an area of 561,000 square meters, the statement added, noting that the area will include two big factories for sulfuric and phosphoric acid production.

UN Secretary General praises Egypt’s economic efforts to overcome COVID-19 crisis

Thu, 16 Apr 2020 - 06:39 GMT

"Egypt has reduced taxation for industries and postponed taxation on agricultural land, and has expanded its social safety net program," he said.

Cabinet probes political, economic files during weekly meeting

Thu, 22 Aug 2019 - 01:27 GMT

The cabinet is expected to review ministerial reports on the work progress at national projects being implemented in several governorates.

IBM Closes Landmark Acquisition of Red Hat for $34 Billion

Thu, 11 Jul 2019 - 12:11 GMT

The acquisition redefines the cloud market for business. Red Hat's open hybrid cloud technologies are now paired with the unmatched scale and depth of IBM's innovation and industry expertise, and sales leadership in more than 175 countries

Egypt, Hungary discuss boosting coop. in manufacturing LED light bulbs

Fri, 21 Jun 2019 - 02:57 GMT

The AOI is aimed at fulfilling the local market needs of energy-saving lighting equipment and exporting surplus to Arab and African markets, el Tarass said.

Sterling slide boosts Britain's FTSE 100 after parliament votes on Brexit

Wed, 30 Jan 2019 - 08:57 GMT

Britain's blue-chip shares jumped on Wednesday after a sharp fall in sterling overnight when British lawmakers voted down a proposal in parliament.

Egypt is a haven market for traders: Bloomberg

Fri, 17 Aug 2018 - 09:50 GMT

In light of volatile economies the world faces nowadays, Bloomberg reviewed Egypt's economy in a report, referring to it as the traders’ refuge from volatility.

CBE to issue LE 16.2B in T-bills Sunday

Sun, 29 Jul 2018 - 10:27 GMT

The T-bills will be offered in two installments; the first installment is valued at LE 8.2 billion with a 91-day term.

Egypt inks contract to establish largest petrochemicals complex in ME

Fri, 29 Jun 2018 - 02:31 GMT

The petrochemical complex will be built at a cost of $10.9 billion in investments in the economic zone at the Suez Canal, the statement said.

EU plea to industry to reuse more plastic lacks bite

Fri, 29 Jun 2018 - 11:01 GMT

An EU official said the deadline had been shifted to September after industry appealed for more time. That timeline makes the fallback option of legislation highly unlikely.

Industrial Workers of World Day: Celebrating SCZone, RIZ

Wed, 27 Jun 2018 - 01:25 GMT

On the day celebrating Industrial Workers of the World, Egypt Today celebrates Suez Canal Economic Zone (SCZone).

Cutting subsidies: Putting money where it belongs

Sat, 16 Jun 2018 - 12:27 GMT

Economic reform steps taken to decrease subsidies and spending are set to put Egypt on a brighter economic path.

A look at 2016/2017 Budget in Parliament

Mon, 04 Jun 2018 - 04:39 GMT

Egypt Today breaks down the initial aims of the budget, the final report and what the microeconomic indicators mean for Egypt’s economy.

Finance Ministry: Budget deficit reaches EGP 218bn in 7 months

Tue, 22 May 2018 - 11:02 GMT

The budget deficit has reached 218 billion pounds during the first half of 2017-2018, the Finance Ministry said in a report.

Government prioritizes improving business environment: Sisi

Fri, 09 Mar 2018 - 09:35 GMT

Egypt is steadily working on bettering the business environment through eliminating bureaucracy with firm laws

Rixos' Nasser Abdul Latif honored at bt100 cermeony

Tue, 20 Feb 2018 - 07:20 GMT

BT100 ceremony awarded Nasser Abdul Latif from Rixos for his leading innovation and creativity in the hospitality.

CFC's marketing manager Henwa Naguib honored at bt100 ceremony

Tue, 20 Feb 2018 - 07:16 GMT

BT100 ceremony also awarded Henwa Naguib the senior marketing manager - mall management, Al-Futtaim Group's Cairo Festival City Mall,

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