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Industry & Trade
US imposes aluminum tariffs on 18 countries including Egypt
The United States imposed steep new tariffs on nearly $2 billion in aluminum from 18 countries the Commerce…
Egypt investing EGP 21bn in developing cotton spinning, weaving companies
Egypt is carrying out a comprehensive and complete restructuring process, worth investments exceeding 21 billion…
Egypt keeps fuel prices on hold for 3 months
Egypt’s fuel price Egypt’s fuel price indexation committee, decided to keep fuel prices unchanged.committee,…
Egypt’s annual inflation rate hits lowest level in 14 year, minister
Egypt's annual inflation rate hit its lowest level in 14 years by receding 5.7 percent in 2019-2020 against 13.9…
USAID, Egypt sign $22.8 million financing agreement
The U.S. Agency for International Development (USAID) signed on Wednesday with Egypt’s Ministry of International…
Egypt to invest EGP9.76bn in wholesale, retail trade during FY20/21
The Egyptian Ministry of Planning and Economic Development issued a report outlining the objectives of the supply…
South Korea pumps $570 mln into181 projects in Egypt
South Korea has invested a total of $570 million in 181 projects in Egypt, covering industry, services,…
Sumitomo Egypt discusses injecting EGP1bln in Egyptian market
Sumitomo Egypt discussed the possibility of pumping 1 billion Egyptian pounds investments through the…
Apache may spend $900mln into its Western Desert oil concessions in Egypt
US oil and gas producer Apache may pump as much as $900 million into its Western Desert oil concessions this fiscal…
Egypt’s PMI expands for 1st time in 14 months, non-oil private sector grows
Egypt’s non-oil private sector grew in September, its first expansion in 14 months and a sign Egypt may be over the…