Economy

Egypt announces procedures to register civil sector companies

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

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

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

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

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

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

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

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

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

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…
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