Economy

Egypt to establish ‘City for Gold’ in the New Administrative Capital: Minister

Egypt to establish ‘City for Gold’ in the New Administrative Capital: Minister

Egypt’s Minister of Trade and Industry Nevine Gamea announced that the government is currently working on establishing a “City of…
World Bank says it is eager to strengthen partnership with Egypt

World Bank says it is eager to strengthen partnership with Egypt

World Bank officials have affirmed their desire to strengthen the existing successful partnership with Egypt, during a meeting between Egyptian…
Egypt’s unemployment rate records 7.4% in Q4-2021: CAPMAS

Egypt’s unemployment rate records 7.4% in Q4-2021: CAPMAS

The Central Agency for Public Mobilization and Statistics (CAPMAS) announced the labor force statistics for the fourth quarter (October-December) of…
UAE Dragon Oil announces 1st oil discovery in the Gulf of Suez

UAE Dragon Oil announces 1st oil discovery in the Gulf of Suez

Dragon Oil Company, wholly owned by the Dubai government, announced a new petroleum discovery in the Gulf of Suez in…
Egypt has achieved an impressive progress in benefiting from gas assets: IEA head

Egypt has achieved an impressive progress in benefiting from gas assets: IEA head

The Executive Director of the International Energy Agency Fatih Birol said that what Egypt has achieved during the past years…
Sisi: Egypt spent US$ 400 billion to develop infrastructure over 7 years

Sisi: Egypt spent US$ 400 billion to develop infrastructure over 7 years

Egyptian President Abdel Fattah al-Sisi said on Monday that his country has implemented infrastructure projects worth US$ 400 billion over…
Arab countries lost US$220 billion due to coronavirus in 2020: Arab League

Arab countries lost US$220 billion due to coronavirus in 2020: Arab League

The Secretary-General of the Arab League, Ahmed Aboul-Gheit announced Sunday that the combined loss in the gross domestic product of…
Egypt’s Core annual inflation rose to 6.3 percent in January: CBE

Egypt’s Core annual inflation rose to 6.3 percent in January: CBE

The CBE stated that the monthly core inflation rate reached 0.8 percent in January, compared to 0.5 percent in the…
Egypt among top 10 investment destinations in Africa: Business Insider

Egypt among top 10 investment destinations in Africa: Business Insider

The “Business Insider” website has named Egypt as one of the top 10 investment destinations in Africa. The list also…
Winter sale in Egypt kicks off on Monday with 50% discounts

Winter sale in Egypt kicks off on Monday with 50% discounts

The Egyptian Ministry of Supply and Internal Trade announced the start of the first seasonal clearance season – winter sale…
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