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Investment
Egyptian-brokered framework deal signed for boosting Africa’s oil investments
A preliminary framework agreement has been reached between Africa Energy Investment Corporation (AEICORP) and the…
Investors union asks trade ministry for a respite from property tax on factories
Egyptian Federation of Investors Associations EFIA has submitted a request to the ministry of industry and trade to…
11 companies won gold exploration bid in Eastern Desert, Minister
11 mining companies won a gold ore exploration bid on an area of about 170 km2 in the Eastern Desert and the Red…
Mobile wallets in Egypt rise 17 % during the pandemic, NTRA
The number of mobile wallets in Egypt has jumped at least 17 percent to 14.4 mn between March and October as the…
ODH confirms it is looking to off load stake in Orascom Housing Communities
Orascom Development Egypt (ODH) is in talks to sell some or all of its stake in Orascom Housing Communities, it…
Egypt’s new coronavirus cases rose for 4th day in row
Daily cases rose for the fourth consecutive day yesterday to 329, up from 275 the day before and the highest since…
AstraZeneca eyes 16% Egypt sales growth in 2021 – official
British drugmaker AstraZeneca targets a 16 percent growth in Egypt sales to more than 2.32 billion Egyptian pounds…
Egypt’s exports of ready-made garment decline 20% in 9M
Egyptian exports of ready-made garments decreased by 20 percent during the first 9 months to reach $1.01 billion,…
Egyptian Gov’t investment hits EGP324bln in last 2 years
The Egyptian Cabinet estimated the total government investments implemented during the period from July 2018 to…
Average monthly tourism revenues for 2020 have declined 85-92%, minister
Average monthly tourism revenues for 2020 have witnessed a decline of 85-92 percent, according to Sandra Farid, an…
