Germany, Egypt sign 3 deals worth €320mn to support economic reforms
Egypt and Germany signed three agreements worth 320 million euros to finance Egypt's economic and social reforms…
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industry and trade
Egypt’s GDP growth projected at 4.5% in FY2017/18: IMF report
Egypt’s gross domestic product (GDP) is predicted to increase by 4.5 percent in financial year 2017/2018,…
Black model who featured in ‘racist’ Dove ad speaks out, says she’s not a victim
The black model who featured in Dove’s controversial ad accused of racism has spoken out. Lola Ogunyemi explained…
OPEC urges US shale oil producers to accept ‘shared responsibility’ of…
OPEC’s General Secretary, Mohammed Barkindo, called Tuesday on U.S. shale oil producers to help support plans to…
CAPMAS: Egypt’s annual inflation rate drops 31.6% in September
Egypt’s annual urban consumer price inflation eased slightly in September to 31.6 percent from 31.9 percent in…
Germany to earmark $250mn in 2018 to plug Egypt’s budget deficit
The German government will allocate $250 million in 2018 to plug Egypt’s budget deficit, German ambassador to…
Egypt’s Ezz Steel narrows Q2 losses by 97%
Egypt’s largest steel producer Ezz Steel reported Monday that its second-quarter losses had narrowed 97 percent…
Egypt’s Sinai Cement board approves capital rise to 1.3 bln pounds
Egyptian Sinai Cement Company’s board has approved Monday to increase the company’s issued capital to one billion…
Russia’s Rosneft buys 30% of gas field off Egypt
Russia's Rosneft said it has completed a deal to acquire a 30 percent stake in the Zohr field, the largest gas…
McDonald’s bungled a rare condiment promotion, leaving screaming customers and $280…
McDonald's over the weekend brought back a rare condiment from the 1990s, but the promotion ended in protests and…