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Dollar exchange rate continues downward trend at Egypt’s private banks
U.S. dollar exchange rate maintained its downward trend during transactions at Egyptian private banks on Sunday.
Egypt’s FM heads to Greece, Cyprus for terrorism, regional issues
Egypt’s Foreign Minister Sameh Shoukry is set to head to Greece and Cyprus on Tuesday to discuss regional and…
LG Electronics unveils the world’s first Arabic-supported AI TVs
LG Electronics Inc is introducing an Arabic voice-supported in its 2019 AI-enabled televisions, to become the first…
Orange’s Egyptian revenues hit €367 million in H1
Telecom group Orange’s first-half revenues in Egypt reached around €367 million ($409.1 million) or 7.3 billion…
Egypt says tax revenues up 16.6% in FY19, to amend VAT law
Egypt’s government collected 660 billion Egyptian pounds ($39.83 billion) in taxes in the 2018/2019 financial year,…
Egypt’s MSMEDA to ink EU €27 million grant next month
Egypt’s Micro, Small, and Medium Enterprise Development Authority (MSMEDA) will sign by next month a €27 million…
Oil Ministry not notified about Dana Gas’ Egypt asset sale plans
Egypt’s Ministry of Petroleum has not been notified of Abu Dhabi-listed energy producer Dana Gas’ plans to sell its…
African Reinsurance targets $38 million Egypt premiums this year
African Reinsurance Corporation (Africa Re) plans to raise $38 million or 632.6 Egyptian pounds in premiums from…
Egypt’s Banque du Caire invites insurers to cover assets
Egypt’s state-run lender Banque du Caire is negotiating with a number of public and non-life insurance companies…
Israel, Egypt mull LNG plant for Asian exports in Sinai
Building such a facility on the Red Sea shore for liquid natural gas (LNG) exports would cost $10-15 billion.