business

Bitcoin frenzy settles down as big players muscle into market
Business

Bitcoin frenzy settles down as big players muscle into market

After bouncing up, falling down and keeping investors on the edges of their seats, bitcoin may be maturing into a…
Egypt’s foreign direct investment rises 15%: Nasr to Bloomberg
Egypt

Egypt’s foreign direct investment rises 15%: Nasr to Bloomberg

Egypt’s Investment Minister Sahar Nasr told Bloomberg in a video interview aired Wednesday that the focus of the investment side…
Egypt announces new strategy to double number of e-commerce businesses by 2020
Business

Egypt announces new strategy to double number of e-commerce businesses by 2020

In further aims to expand the country’s e-commerce sector, Egypt revealed a plan to double the number of businesses selling products…
$2.5 bn worth of trade between Egypt, France in 2016/17
Economy

$2.5 bn worth of trade between Egypt, France in 2016/17

  Trade between Egypt and France reached a value of $2.5 billion in the fiscal year 2016/17, announced the manager…
Egypt targets 5.9% growth rate for 2019, exceeding IMF, World Bank projections
Business

Egypt targets 5.9% growth rate for 2019, exceeding IMF, World Bank projections

Egypt’s Minister of Planning Hala al-Saeed said that the government aims to reach growth rate of 5.9% in 2019. Saeed…
$15 billion worth of EU investments in Egypt: official
Business

$15 billion worth of EU investments in Egypt: official

Head of Egypt’s General Authority for Investment and Free Zones (GAFI) Mona Zobaa said that investments from European Union (EU)…
Canada lifts ban on EgyptAir cargo after more than 2 year suspension
Egypt

Canada lifts ban on EgyptAir cargo after more than 2 year suspension

Canada has halted a ban on belly cargo on direct passenger flights from Egypt following a more than two-year suspension…
NBE, Banque Misr halt issuance of 17% savings certificates
Business

NBE, Banque Misr halt issuance of 17% savings certificates

Banque Misr and the National Bank of Egypt (NBE) stated they will be halting the issuance of savings certificates with fixed…
Egypt’s net foreign reserves rise to $42.611 bn in March
Economy

Egypt’s net foreign reserves rise to $42.611 bn in March

Egypt’s net foreign reserves rose slightly to US$42.611 billion at the end of March, from $42.524 billion at the end…
Egypt aims at 5.8% GDP growth in 2018/19 budget
Economy

Egypt aims at 5.8% GDP growth in 2018/19 budget

Egypt’s cabinet approved this week the state’s budget for the 2018/2019 fiscal year, which aims to reach a GDP growth target…
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