investment
UAE’s Mubadala purchases 10% stake in Shorouk concession area
Business
June 21, 2018
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
June 1, 2018
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
May 24, 2018
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
April 20, 2018
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
April 19, 2018
$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
April 10, 2018
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
March 23, 2018
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
February 27, 2018
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
February 1, 2018
$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
January 30, 2018
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…