Economy

Saudi’s Othaim group to invest US$ 300 million in Egypt

Saudi’s Othaim group to invest US$ 300 million in Egypt

The Saudi Othaim For Leisure & Tourism plans to invest US$300 million (LE3.3 billion) in Egypt over the next five…
Trade Ministry starts restructuring representation of offices abroad

Trade Ministry starts restructuring representation of offices abroad

The Trade and Industry Ministry has started the restructuring plan of trade representation offices abroad.
Egypt’s GASC says French wheat shipment rejected after re-testing

Egypt’s GASC says French wheat shipment rejected after re-testing

Egypt rejected a French wheat shipment it said did not meet strict new import rules, rattling traders who said the…
Egyptian pound steady at forex sale, stronger on black market

Egyptian pound steady at forex sale, stronger on black market

The Egyptian pound held steady against the dollar at an official foreign currency auction on Sunday but strengthened on the…
Egyptian-Russian committee starts meetings in Cairo

Egyptian-Russian committee starts meetings in Cairo

The Egyptian-Russian joint committee for trade, economic, scientific and technical cooperation started its 10th meeting in Cairo on Sunday under the…
World Bank reveals details on Egypt’s $3 bn loan

World Bank reveals details on Egypt’s $3 bn loan

The World Bank revealed Saturday details of the US$3 billion loan to the Egyptian government which entail reducing the government’s…
Egypt increases tariffs on range of imports

Egypt increases tariffs on range of imports

Egypt has raised tariff rates on a wide range of imports, the official Gazette said on Sunday, the latest effort…
Egyptian treasury bill yields rise at Sunday’s auction

Egyptian treasury bill yields rise at Sunday’s auction

Yields on Egypt's three and nine-month Treasury bills rose at Sunday's auction, data from the central bank showed. The average yield…
Egypt’s stock market rises by 2.1%

Egypt’s stock market rises by 2.1%

Egypt’s benchmark index EGX 30 surged by 2.13 percent to reach 6,614 points at the beginning of trading on Sunday. The…
Toyota may halt Japan car output in February due to steel shortage

Toyota may halt Japan car output in February due to steel shortage

Toyota Motor Corp said on Saturday it may halt production at its domestic plants early next month due to a…
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