Egypt’s NFSA partners with Hayah Karima to ensure food safety
Egypt’s National Food Safety Authority (NFSA) has signed a cooperation protocol with the Hayah Karima Foundation,…
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Egypt’s GDP to increase by 6% by 2021: Moody’s
Moody’s investors service said that Egypt’s commitment to economic reforms in cooperation with the World Bank and…
Egypt seen holding key interest rates as inflation retreats: Reuters poll
Egypt’s central bank is expected to keep key interest rates unchanged at its meeting on Thursday after inflation…
Egypt won’t receive more requests from importers seeking better status
Egypt's Ministry of Industry and Trade will close its doors to receive requests from importers, seeking to adjust…
IMF expects for Egypt economy to grow 5.2 % in FY 2018
International Monetary Fund projected that growth will rise to 5.2 percent in Financial year 2018 (from 4.2 percent…
Parliament demands CBE provide detailed report on Egypt’s foreign debt
Parliamentarian Aly El-Moselhy, head of the parliament’s Economic Affairs Committee, said that they called upon the…
Dresser-Rand provides three SGT-400 gas turbines for Egypt’s Zohr gas field
The Dresser-Rand business, as part of Siemens Power and Gas, announced Monday that it would supply Egyptian Belayim…
Moody’s: Egypt’s deficit expected to rise to 12% despite new VAT
After the Egyptian parliament passed the value added tax bill, Moody's forecasted that Egypt's budget deficit will…
Egypt allocates $999mn for National Authority for Potable Water and Sewage budget
Egypt’s ministry of planning allocated 8.87 billion Egyptian pounds (US$999mn)for National Authority for Potable…
Libyan parliament mission to meet with Shoukry
A delegation from the Libyan parliament is set to meet with Egypt’s Minister of Foreign Affairs Sameh Shoukry on…
Egypt’s CIB posts higher net income, revenues in Q2
Commercial International Bank (CIB) , Egypt's largest listed company, on Wednesday reported a 28 percent rise in…
57% of Egypt’s companies are secluded from banking fund: EIB chief economist
Most companies in Egypt claim that they have restricted access to credit, and about 57% of them are isolated from…
Egypt’s Cabinet extends deadline to reserve units at Beit Al-Watan, Rehab, Madinaty
Egypt's cabinet agreed to extend the deadline for expatriates to reserve land at the Beit Al-Watan project in…
Egypt’s CBE says M2 money supply ups 18.8 pct in May
Egypt's M2 money supply was up 18.8 percent at the end of May from a year earlier, the central bank said on its…
Egypt’s CBE says M2 money supply ups 18.8 pct in May
Egypt's M2 money supply was up 18.8 percent at the end of May from a year earlier, the central bank said on its…
Egypt’s exports of agricultural crops rise 11pct in 9M
Egypt’s exports of agricultural crops have increased 11 percent to record $3.2 billion pounds from September 2015…
Egypt’s exports of agricultural crops rise 11pct in 9M
Egypt’s exports of agricultural crops have increased 11 percent to record $3.2 billion pounds from September 2015…
Heliopolis Housing sells $675 k stores in Egypt
Egypt’s state-run Heliopolis Company for Housing and Development (HELI) announced selling of 5 stores and 1…
Egyptian Contracting Co. Al-ABD completes 81 buildings worth $45mn
Egypt’s leading contracting company, The Egyptian Contracting Co. Al-ABD, delivered 81 residential buildings in…
Egypt’s leasing activity declined by 8.8 in 2016
Egypt’s leasing activity declined by 8.8 percent in 2016; the number of contracts has slumped to 836 from 910,…
Egypt’s property developer Wadi Degla starts Neopolis construction works
Egypt’s property developer, Wadi Degla Holding has started the construction works in its project “Neopolis” which…
Egypt’s finance ministry releases VAT-free goods and services list
Egypt's finance ministry has listed 52 commodities and services that will be exempted from a new value-added tax…
Wadi Degla eyes 2500 feddans for new projects using PPP system
Egypt’s property developer, Wadi Degla Holding is in talks with Ministry Of Housing to provide lands of 2500…
Egypt’s Heliopolis Company eyes sales of $93mn
Egypt’s state-run Heliopolis Company for Housing and Development (HELI) is set to achieve 842 million Egyptian…
Kuwait’s Al Kharafi affiliate completes 121 buildings in Egypt’s housing scheme
EMAC Contracting, affiliated to Kuwait’s Al Kharafi & Sons Group, completed the construction of 121 residential…
Sisi’s housing project start opening its door to slums residents next May
Egypt’s Tahya Masr (Long Live Egypt) Fund will deliver the first and second phases of in “Tahya Masr social housing…
France eyes partaking in Egypt’s new capital city project
A delegation of French businessmen and representatives of companies operating in construction, financial…
Egypt’s Al Ahly mulls assigning its 4 new hotels to an int’l company
Egypt’s property developer, Al Ahly For Real Estate Development Company is studying the possibility of assigning…
Sisi announces establishing 5 more new cities
Egypt’s President Abdelfattah al-Sisi announced the established five new cities during his meeting with…
Egypt’s Capital City zero hour starts, a year after its building plans unveiled
Egypt’s local construction companies start works on the infra-structure of the new administrative capital city…
Egypt’s current account deficit $8.9 bln in H1 vs $4.3 bln yr earlier
Egypt's current account deficit more than doubled to $8.9 billion in the July-December first half of the 2015/2016…
Egypt’s Ezz Steel posts 2015 net loss of $47 mln
Egypt's Ezz Steel posted a full year net loss of 418.03 million Egyptian pounds ($47 million) in 2015, compared…
Sisi meets Vodafone CEO
Egypt’s President Abdel Fattah al Sisi received Vittorio Colao, CEO of Vodafone on Wednesday in the presence…
Nasr Co. for Civil Works says net profit slumped to $1.5mn in 2015
Egypt-based Nasr Company for Civil Works (NCCW)’s net profit fell to 12.5 million Egyptian pounds ($1.5 million) by…
Six Muslim Brotherhood members detained over killing public prosecutor
Egypt's prosecution ordered on Sunday six members of the banned Muslim Brotherhood accused of assassinating Public…
SFD signs MOU with Sinai’s Knooz El-Bardawil to fund SMEs
Egypt’s Social Fund for Development (SFD) has signed a Memorandum of Understanding with Sinai’s Knooz…
Egypt raises deposit cap to $1 m for exporters
Egypt's central bank raised on Monday the cap on foreign currency deposits at banks to $1 million a month for…
Egypt eyes renewable energy investments worth $493 million in 2016
Egypt's state-run New and Renewable Energy Authority (NREA) aims to attract investments worth €450 million (US$493…
Egypt’s lost Queen Nefertiti may lie concealed in King Tut’s tomb
High-resolution scans suggest the tomb of Ancient Egypt's boy-king Tutankhamun contains passages to two hidden…
Egypt launches its first partially-made air-conditioned train tomorrow
A partially locally-made air-conditioned train is to kick off its first trip tomorrow, Monday from Cairo to…