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Egypt to cut government spending by 6.5% in 2020
Egypt aims to decrease government spending in the 2020 budget by 6.5 percent, compared to the current fiscal year…
Winners of African App Launchpad cup announced
The Information Technology Industry Development Agency (ITIDA), in collaboration with RiseUp enterprise, announced…
Cornerstone Development starts its debut project in Egypt’s new capital
Egypt’s property developer Cornerstone Development has started the implementation of its housing project debut -…
Egypt’s iron exports fell 34.8 % in 10 months
Egypt’s iron exports fell 34.8 percent during the first 10 months of 2019 registering $580 million compared to $890…
Egypt’s Samih Sawiris acquires Thomas Cook franchise in Germany
Egyptian billionaire Samih Sawiris, through his Raiffeisen Touristik Group, has acquired the Thomas Cook franchise…
Egypt’s c.bank launches electronic platform for mortgage installments
The Central Bank of Egypt (CBE) and the Social Housing Fund have launched an initiative to collect the installments…
Egypt, EU clinch €9 bln deal to support institutional framework
Egypt's Ministry of Local Development and the European Union signed a deal to provide €9 billion to finance…
Egypt bourse’s market cap loses 10 bln pounds in a week
The indices of Egypt's bourse dropped in the week ended 5 December, as market capitalisation lost 10 billion…
Egypt’s Cabinet denies reports on increasing Jan. train fares
Egyptian Cabinet’s media centre has denied recent media reports that train fares will increase in January 2020.
Egypt hopes the new capital becomes state’s largest investment hub – official
Egypt seeks to make its new capital the state’s biggest investment hub, an official at the state-owned company…