Economy
Egypt announces procedures to register civil sector companies
February 3, 2020
Egypt announces procedures to register civil sector companies
Egypt’s Ministry of Defense announced the start of registrations in the suppliers’ roster for civil sector companies that wish to…
Egypt’s Sovereign Wealth Fund to sign agreement with NSPO
February 2, 2020
Egypt’s Sovereign Wealth Fund to sign agreement with NSPO
Egypt’s Sovereign Wealth Fund will sign a framework agreement on Monday with the National Service Projects Organization (NSPO) of the…
Vodafone to sell its share in Vodafone Egypt to Saudi STC
January 29, 2020
Vodafone to sell its share in Vodafone Egypt to Saudi STC
Vodafone Group CEO Nick Reed said that his company is set to sign a memorandum of understanding with Saudi Arabia…
US dollar exchange rate down by 2 piasters against Egyptian pound
January 27, 2020
US dollar exchange rate down by 2 piasters against Egyptian pound
The US dollar exchange rate made a new decline against the Egyptian pound on Monday, falling 2 piasters at Banque…
Parliament committee agrees to increase Egypt’s share of IBRD capital stock
January 27, 2020
Parliament committee agrees to increase Egypt’s share of IBRD capital stock
The Egyptian House of Representatives’ Economic Affairs Committee approved on Sunday a presidential decree for increasing Egypt’s authorized share of…
Egypt seeks further financing from EBRD for private sector: Minister
January 25, 2020
Egypt seeks further financing from EBRD for private sector: Minister
Minister of International Cooperation Rania al-Mashat on Saturday met with Suma Chakrabarti, the President of the European Bank for Reconstruction…
Egypt among top 10 emerging economies: Minister
January 22, 2020
Egypt among top 10 emerging economies: Minister
Egypt’s Minister of Planning and Economic Development Hala al-Saeed said on Tuesday that Egypt is among the top ten emerging…
SCZone, EBRD heads discuss investments in Suez Canal economic zone
January 22, 2020
SCZone, EBRD heads discuss investments in Suez Canal economic zone
President of the General Authority for the Suez Canal Economic Zone (SCZone) Yahya Zaki met with the President of the…
Egypt, UK announce LE492 million economic partnership
January 21, 2020
Egypt, UK announce LE492 million economic partnership
Egypt and the United Kingdom announced the establishment of an economic partnership to implement Egypt’s “Vision 2030” initiative. Egypt and…
Oil rises as Libyan oilfields shut down
January 20, 2020
Oil rises as Libyan oilfields shut down
LONDON/TOKYO (Reuters) – Oil prices rose to their highest in more than week on Monday after two large crude production…