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Egypt seeks 5.6% inflation rate in FY2020/21, 6% in FY2021/22
Egypt is seeking to achieve a 5.6 percent inflation rate in the current FY2020/2021, which ends in June, and 6…
Egyptian virtual clinic app Doctor Online expects new round of funding in Q2
Egyptian virtual clinic app, Doctor Online will receive a new funding in the second quarter of the year, its…
Egypt’s GDP seen growing to 7.1 tln, total investments to surge to 1.25 tln in FY2021/2022
Egypt’s GDP is expected to witness a growth by 11.7 percent in FY2021/2022 (starts in July) to reach 7.1 trillion…
Egyptian tourist resorts ready to receive Russian tourists, minister
Egyptian tourist resorts are ready to receive tourists from Russia and from all over the world, Minister of Tourism…
BP starts operating Raven field of West Nile Delta development
BP, the London-based international oil company, started operating the Raven field of the third phase of the West…
Egypt pays EGP 2.7bn to exporters in export subsidies
Export Development Fund issued 583 export certificates with total subsidies worth 2.7 billion Egyptian pounds or a…
Miners on course to unravel Egypt’s gold treasuries, Reuters
Mining companies awarded blocks in Egypt's Eastern Desert are set to start exploring for gold under a legislative…
Dana Gas decides against selling its Egyptian assets
Dana Gas has terminated its agreement to sell its Egyptian assets, as a number of conditions precedent to the…
Tredco installs an EGP3mln solar unit at its refrigerators factory
Egyptian-based Tredco for Engineering has installed a solar unit at its new refrigerators factory worth E 3…
Egypt, EBRD sign development financing agreement, 3 MoUs supporting green transition
European Bank for Reconstruction and Development (EBRD) has signed a development financing agreement and 3…