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Egypt’s Al-Mashat calls for increasing international funding for tourism sector
Egypt’s Minister of Tourism Rania Al-Mashat stressed on the need for increasing international funding and support…
EIB offers Egypt €1.2 million for second Cairo metro line
The European Investment Bank (EIB), the EU's lending institution, is offering a €1.2 million ($1.4 million) to…
Egypt’s Raya to launch assembly electric cars in H2-2020
Raya Auto, a subsidiary of Egyptian Raya Holding, is planning to offer locally-assembled electric cars in the North…
Majid Al Futtaim’s Egypt unit secures EBRD $200 mln loan
The Egyptian unit of UAE-based Majid Al Futtaim Holding (MAF) has secured a 200 million Egyptian pounds ($12…
World Bank approves further $500 mln for Egypt’s social safety net
The World Bank has approved $500 million in additional funding to help Egypt strengthen its social safety nets, the…
Nigeria to sign Africa free trade agreement at AU summit – presidency
Nigeria will sign an Africa free trade agreement at the coming African Union summit, which will take place in…
Egypt’s Kharafi National planning new $25mn power plant in Ghana
Egypt’s infrastructure contractor Kharafi National has submitted an offer to build a $25 million power plant in…
U.S. investments in Egyptian startups rise 4.5% in 2018 – CAPMAS
The U.S. investments in new companies in Egypt increased 4.5 percent to around $4.6 million in 2018 from $4.4…
State-run contractors’ turnovers in Egypt new capital rise to $120.3mn
Egypt’s state-run construction companies operating in the country’s new capital reached business portfolio ranging…
Egypt to import 60,000 tonnes of wheat from Romania
Egypt's General Authority for Supply and Commodities (GASC) has signed contracts to import 60,000 tonnes of wheat…