investment

UAE’s Mubadala purchases 10% stake in Shorouk concession area
Business

UAE’s Mubadala purchases 10% stake in Shorouk concession area

  Petroleum Minister Tarek al-Mulla signed a final contract with the UAE’s Mubadala Petroleum, Italy’s Eni, and the Egyptian Natural Gas…
Egypt’s Parliament considers imposing monthly fees on foreigners’ escorts
Travel

Egypt’s Parliament considers imposing monthly fees on foreigners’ escorts

  Egypt’s Parliamentary Committee of Proposals and Complaints preliminary approved the proposal, submitted by parliamentarian Kamal Amer, which stipulates imposing…
Egypt, Russia sign agreement for Russia’s Suez Canal industrial zone
Business

Egypt, Russia sign agreement for Russia’s Suez Canal industrial zone

  After two years of negotiations Egypt and Russia signed an agreement on Wednesday to establish the Russian industrial zone in…
Egypt committed to economic reform and would increase taxes: MInister
Business

Egypt committed to economic reform and would increase taxes: MInister

Egypt’s Finance Minister Amr al-Garhy continued his activity in the US capital Washington, where he participated in some important meetings…
$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)…
Egypt selected as regional director for World Association of Investment
Egypt

Egypt selected as regional director for World Association of Investment

Egypt’s General Authority for Free Zone and Investment (GAFI) was selected on Tuesday the regional director of the World Association…
US-based gas corporation ‘Apache’ plans to drill 50 oil wells in Egypt in a year
Egypt

US-based gas corporation ‘Apache’ plans to drill 50 oil wells in Egypt in a year

Minister of Petroleum Tariq al-Mulla discussed recently with the CEO of ‘Apache Corporation’, John Christman, and his accompanying delegation, the…
Days of Egyptian pound’s stagnation numbered: Bloomberg
Business

Days of Egyptian pound’s stagnation numbered: Bloomberg

Financial news website Bloomberg reported on Monday that the days of the stagnation of the Egyptian pound may be numbered,…
$3.3 bn Disneyland-style theme park to open doors in Egypt
Egypt

$3.3 bn Disneyland-style theme park to open doors in Egypt

Martouh Governor Alaa Abu Zeid signed on Thursday an investment contract with the Entertainment World Company, for a joint US-Saudi…
Egypt sees growth for FY 2018-19 at 5.8 percent -minister
Economy

Egypt sees growth for FY 2018-19 at 5.8 percent -minister

Egypt is targeting economic growth of 5.8 percent in the financial year that will begin in July, Planning Minister Hala…
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