Economy
Egypt to establish ‘City for Gold’ in the New Administrative Capital: Minister
February 20, 2022
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
February 19, 2022
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
February 16, 2022
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
February 16, 2022
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
February 14, 2022
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
February 14, 2022
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
February 13, 2022
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
February 13, 2022
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
February 9, 2022
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
February 6, 2022
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…