Business

El Dabaa Nuclear Project is the largest cooperation project between Egypt and Russia

El Dabaa Nuclear Project is the largest cooperation project between Egypt and Russia

Alexei Kononenko, Vice President of Atom Astroy Export and Project Manager of the Dabaa Nuclear Station, confirmed that there are…
National Bank of Egypt intends to invest five billion LE this year

National Bank of Egypt intends to invest five billion LE this year

The National Bank of Egypt, the largest government bank in Egypt, intends to invest up to five billion LE during…
Egyptian-French alliance seeks to develop comprehensive health coverage

Egyptian-French alliance seeks to develop comprehensive health coverage

Egyptian Finance Minister and Chairman of the Comprehensive Health Insurance Authority, Mohamed Maait, reviewed a report on the results of…
Egypt signs MoU to establish a Turkish logistics industrial zone in Jarjoub

Egypt signs MoU to establish a Turkish logistics industrial zone in Jarjoub

The Egyptian Group for Multi-Purpose Terminals Company (EGMPT), the commercial arm of the Egyptian Transport Ministry for maritime transport and…
SCZONE marks €175 million milestone with groundbreaking of new glass factory, solar power plant

SCZONE marks €175 million milestone with groundbreaking of new glass factory, solar power plant

Saint-Gobain breaks ground on its third glass factory in Egypt’s Sokhna zone, investing €175 million on a 200,000 sqm facility…
Egypt allocates over US$12 billion to support citizens in new budget

Egypt allocates over US$12 billion to support citizens in new budget

The Egyptian government has allocated LE596 billion (US$12.66 billion) to the support system, as part of the upcoming draft budget…
Standard & Poor’s raises its outlook for Egypt from stable to positive

Standard & Poor’s raises its outlook for Egypt from stable to positive

The Standard & Poor’s credit rating agency upgraded Egypt’s outlook from stable to positive, affirming its rating at B-. Standard…
EU to announce financial package for Egypt totaling 7.4 billion euros: Report

EU to announce financial package for Egypt totaling 7.4 billion euros: Report

The Financial Times reported that a large financial package from the European Union (EU) worth 7.4 billion euros may be…
Goldman Sachs expects surplus in foreign financing to Egypt

Goldman Sachs expects surplus in foreign financing to Egypt

The Goldman Sachs bank expects a surplus in foreign financing to Egypt worth US$26.5 billion over the next four years,…
Egypt’s government exchange companies earn LE 2.1 billion from foreign currencies

Egypt’s government exchange companies earn LE 2.1 billion from foreign currencies

The branches of Al-Ahly Exchange, Misr Exchange, and Cairo Exchange, companies affiliated with the three largest government banks, reaped the…
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