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Egypt says ‘taking steps’ over $2 bln payment to Union Fenosa Gas
Egypt said on Wednesday it was “taking all necessary steps” over $2 billion the World Bank ordered it to pay to…
Thomas Cook detects e-coli in Egypt hotel where Britons died
Tour operator Thomas Cook said on Wednesday it had found a high level of e-coli and staphylococcus bacteria at the…
Egypt says to start offering 4.5% stake in Eastern Co.
Egypt will launch its programme for selling some shares in state companies by offering a 4.5 percent stake in its…
National Bank of Egypt inks $600 mln loan with China Development Bank
State-run National Bank of Egypt (NBE), one of the country’s biggest lenders, announced on Wednesday it had signed…
Egypt may turn to hedging against wheat price spike
To cope with a sudden hike in wheat prices, the world’s biggest importing nation is considering an unusual tactic:…
Egypt sells five-year treasury bonds worth EGP 3.5 bln with 17.65% interest
The Securities Listing Committee reopen trading on five-year treasury bonds that will mature on 3 July 2023,…
Egypt approves metro upgrading fund from ERBD
The Egyptian cabinet approved at its weekly session on Wednesday a funding agreement of 205 million euros between…
UK appoints new ambassador to Egypt, replacing Casson
The UK appointed a new ambassador to Egypt, replacing John Casson, who held the post since August 2014, a statement…
Egypt’s foreign reserves increased by $104 million in August
The country's net foreign reserves increase to $44.419 billion at the end of August comapred with $44.315 billion…
Egypt targets economic growth of 8 % by 2022 – minister
Egypt is targeting a growth rate between 7 percent and 8 percent by 2022, Planning Minister Hala el-Saeed said at a…