Economy
OPEC mulls big production cut of 1.5 million barrels a day
March 5, 2020
OPEC mulls big production cut of 1.5 million barrels a day
VIENNA (AP) — The oil-producing countries of the OPEC cartel are proposing a deep production cut of 1.5 million barrels…
Egypt most attractive to stock portfolios among emerging markets: Minister
March 1, 2020
Egypt most attractive to stock portfolios among emerging markets: Minister
International praise for Egypt’s continued improvement in its economic performance opens up new horizons in attracting foreign investments, Finance Minister…
Stock markets plunge, set for worst week since financial crisis
February 28, 2020
Stock markets plunge, set for worst week since financial crisis
Stock markets plunged further Friday, with equities on course for the largest weekly drop since the global financial crisis more…
EGAS plans to drill 10 wells in Delta, Mediterranean at $US 328 mn
February 28, 2020
EGAS plans to drill 10 wells in Delta, Mediterranean at $US 328 mn
Egypt’s EGAS has plans to drill 10 wells in the Nile Delta and the Mediterranean, with investments totaling $US 328…
Egypt develops comprehensive strategy for manufacturing cars: Minister
February 23, 2020
Egypt develops comprehensive strategy for manufacturing cars: Minister
The government has developed a comprehensive strategy for the automobile and electric cars industry, said Egyptian Minister of Military Production…
Egypt’s Public Domestic Debt lowest in a decade: Cabinet
February 23, 2020
Egypt’s Public Domestic Debt lowest in a decade: Cabinet
Egypt’s Public Domestic Debt as a percent of the country’s Gross Domestic Product has fallen to its lowest level in…
Naguib Sawiris eyes 51% of state-owned gold mining company
February 23, 2020
Naguib Sawiris eyes 51% of state-owned gold mining company
Egyptian billionaire Naguib Sawiris on Sunday announced his interest in acquiring 51 percent of the Shalateen Mineral Resources Company (SMRC).…
Egypt considers establishing bus rapid transit system for Cairo’s Ring Road
February 22, 2020
Egypt considers establishing bus rapid transit system for Cairo’s Ring Road
Egypt’s Transportation Minister Kamel al-Wazir paid a visit to Volvo factories in Gothenburg, Sweden, where he discussed with officials from…
Egypt begins construction of 250-megawatt wind power plant in Jabal al-Zeit
February 21, 2020
Egypt begins construction of 250-megawatt wind power plant in Jabal al-Zeit
Electricity Minister Mohamed Shaker was among officials at an event on Thursday celebrating the start of construction on a new…
Egypt’s economy to become sixth strongest in the world by 2030
February 20, 2020
Egypt’s economy to become sixth strongest in the world by 2030
Economist Talal Abu Ghazaleh, Chairman of Talal Abu-Ghazaleh International Organization, said that Egypt’s economy is set to become the sixth…