Economy
Egypt to increase oil production to 690,000 barrels per day: minister
August 13, 2019
Egypt to increase oil production to 690,000 barrels per day: minister
Egyptian Minister of Petroleum Tarek al-Mulla announced a program to increase oil production and make further oil discoveries. In remarks…
Egypt’s foreign currency reserves increase to US$44.916 bn in July: CBE
August 7, 2019
Egypt’s foreign currency reserves increase to US$44.916 bn in July: CBE
The Central Bank of Egypt (CBE) said on Tuesday that the value of the country’s foreign currency reserves reached US$44.916…
Suez Canal makes record revenues in 2018/2019 fiscal year
August 6, 2019
Suez Canal makes record revenues in 2018/2019 fiscal year
The head of the General Authority for the Suez Canal Economic Zone (SCZone) Mohab Mamish announced on Tuesday that revenues…
US dollar price continues to drop against Egyptian pound
August 5, 2019
US dollar price continues to drop against Egyptian pound
The US dollar fell by two piasters on Sunday, having thus decreased 130 piasters since the beginning of 2019, MENA…
Egypt, US sign four grant agreements worth US$60 million
August 4, 2019
Egypt, US sign four grant agreements worth US$60 million
Egypt and the US on Sunday signed four grant agreements for cooperation in the fields of higher education, science, technology,…
Egypt’s ranking jumps significantly in 2019 Global Innovation Index
August 2, 2019
Egypt’s ranking jumps significantly in 2019 Global Innovation Index
This year’s report by the Global Innovation Index showed that Egypt has remarkably jumped ten spots from its ranking (105) in…
Egyptian Finance Ministry drafting new tax law
July 30, 2019
Egyptian Finance Ministry drafting new tax law
Egyptian Finance Minister Mohamed Maait said on Monday that his ministry has started drafting a new law on income tax…
Sisi discusses Eastern Mediterranean Gas Forum’s importance to region
July 27, 2019
Sisi discusses Eastern Mediterranean Gas Forum’s importance to region
Egyptian President Abdel Fattah al-Sisi on Thursday received the delegation heads participating in the second ministerial meeting of the Eastern…
US Energy Secretary: We will expand our investments in Egypt
July 25, 2019
US Energy Secretary: We will expand our investments in Egypt
Egyptian Petroleum and Mineral Resources Minister Tariq al-Mulla received on Wednesday US Energy Secretary Rick Perry on his first visit…
Egypt, AfDB discuss joint transport projects across Africa
July 22, 2019
Egypt, AfDB discuss joint transport projects across Africa
Egyptian Transport Minister Kamal al-Waziri met on Monday with an African Development Bank (AfDB) delegation to discuss cooperation on road and…