investment
Egypt’s budget deficit falls to less than 10 percent for the first time since 2011: minister
Business
July 26, 2018
Egypt’s budget deficit falls to less than 10 percent for the first time since 2011: minister
Egypt’s budget deficit fell to less than 10 percent for the first time since 2011, according to Finance Minister Mohamed…
Cairo named most attractive city to investors in Africa: UN report
Egypt
July 25, 2018
Cairo named most attractive city to investors in Africa: UN report
Cairo is ranked the most attractive city to investors in Africa, snatching the 64th position globally, in a report released by…
UAE’s Mubadala purchases 10% stake in Shorouk concession area
Business
June 21, 2018
UAE’s Mubadala purchases 10% stake in Shorouk concession area
Petroleum Minister Tarek al-Mulla signed a final contract with the UAE’s Mubadala Petroleum, Italy’s Eni, and the Egyptian Natural Gas…
Egypt’s Parliament considers imposing monthly fees on foreigners’ escorts
Travel
June 1, 2018
Egypt’s Parliament considers imposing monthly fees on foreigners’ escorts
Egypt’s Parliamentary Committee of Proposals and Complaints preliminary approved the proposal, submitted by parliamentarian Kamal Amer, which stipulates imposing…
Egypt, Russia sign agreement for Russia’s Suez Canal industrial zone
Business
May 24, 2018
Egypt, Russia sign agreement for Russia’s Suez Canal industrial zone
After two years of negotiations Egypt and Russia signed an agreement on Wednesday to establish the Russian industrial zone in…
Egypt committed to economic reform and would increase taxes: MInister
Business
April 20, 2018
Egypt committed to economic reform and would increase taxes: MInister
Egypt’s Finance Minister Amr al-Garhy continued his activity in the US capital Washington, where he participated in some important meetings…
$15 billion worth of EU investments in Egypt: official
Business
April 19, 2018
$15 billion worth of EU investments in Egypt: official
Head of Egypt’s General Authority for Investment and Free Zones (GAFI) Mona Zobaa said that investments from European Union (EU)…
Egypt selected as regional director for World Association of Investment
Egypt
April 10, 2018
Egypt selected as regional director for World Association of Investment
Egypt’s General Authority for Free Zone and Investment (GAFI) was selected on Tuesday the regional director of the World Association…
US-based gas corporation ‘Apache’ plans to drill 50 oil wells in Egypt in a year
Egypt
March 23, 2018
US-based gas corporation ‘Apache’ plans to drill 50 oil wells in Egypt in a year
Minister of Petroleum Tariq al-Mulla discussed recently with the CEO of ‘Apache Corporation’, John Christman, and his accompanying delegation, the…
Days of Egyptian pound’s stagnation numbered: Bloomberg
Business
February 27, 2018
Days of Egyptian pound’s stagnation numbered: Bloomberg
Financial news website Bloomberg reported on Monday that the days of the stagnation of the Egyptian pound may be numbered,…