British PM May avoids London wipeout in local elections
Prime Minister Theresa May’s Conservative Party avoided a wipeout in London local elections and eked out gains in…
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A steel factory was open in Egypt’s 6th October City, says Qabil
Egypt's Minister of Trade and Industry Tarek Qabil has inaugurated Saturday el Jiyashi steel factory in Sixth of…
Orange Egypt to sign settlement agreement with Telecom Egypt
Orange Egypt Company said Wednesday its board will sign a settlement agreement with telecom Egypt on dispute over…
Apple says dialogue with India on local expansion plans was ‘constructive’
Apple Inc APPL.O said on Wednesday it appreciates the open and constructive dialogue that it held with Indian…
Rockal plans raising investments in Egypt to 450m pounds by 2020
Egypt-based Al Alamia for Rockwool (ROCKAL) targets raising its investments in the Egyptian market to 450 million…
ITIDA offers foreign, Egyptian investors local electronics manufacturing incentives
The Information Technology Industry Development Agency (ITIDA) organised workshops, attended by more than 80…
2017 is a ‘turning point’ for Egypt’s trade and industry: Minister
Rates of local and foreign investments in the Egyptian trade and industry sectors are expected to witness a leap…
Egypt signed 8 deals to find energy reserves in FY2015-16
Egypt's petroleum ministry said it signed in 2015/16 eight agreements with six international and local companies to…
Cabinet raises purchase price of sugar cane from local farmers
The Egyptian government has increased the price it pays local farmers for sugar cane by 25 percent, the Ministry…
Dozens killed in west Iraq air strike, MPs and medics say
Air strikes killed dozens of people, including many women and children, in an Islamic State-held town near Iraq's…
MCIT counts on local manufacturing to increase electronic exports to $3bn
Local electronics manufacturing is one of the main axes of the Ministry of Communications and Information…
NTRA may revise international portal licence prices on Egypt pound float move: sources
Egypt’s telecoms regulator the National Telecommunications Regulatory Authority (NTRA) may consider revising prices…
Local autos prices to jump 50% amid floating Egyptian pound: official
The prices of local and imported automotives would be increased by 50 percent and 15 percent respectively due to…
Egypt steel prices to jump 15% in November: Metallurgical Industries Chamber
Local steel manufacturers are set to raise steel prices by 1,000 Egyptian pounds , i.e. 15 percent, next November,…
Cabinet forms committee to set profit margins for Egypt’s essential goods
Egypt’s Cabinet is set to form a new committee headed by Prime Minister Sherif Ismail to set profit margins for…
Oil ministry: 1M butane gas canisters injected daily to cover Egypt’s needs
Egyptian petroleum ministry pumps one million butane gas canisters every day to secure needs of local market,…
CBE keeps EGP unchanged vs dollar, contradicts flotation forecasts
The Central Bank of Egypt (CBE) kept the local currency’s rate stable at EGP 8.78 against the US dollar at…
ISIS claims Yemen suicide bombing, says about 60 militia recruits killed
Islamic State claimed responsibility for a suicide bombing at a local militia compound in the southern Yemeni city…
Oil ministry adopts strategy to maximise local component in petrochemical projects
Egyptian petroleum ministry is adopting a strategy to maximise local component and manufacturing in petroleum…
Egypt arranges a $1 bln fund from China for sanitation projects
Egypt is currently negotiating for a $1 billion fund from China to finance local sanitation projects, according to…
Dollar shortage caused an inflationary recession in Egyptian local market
The US dollar shortage has stimulated price hikes in the Egyptian market, creating poor economic conditions that…
Egypt’s Ministry of aviation grants permission for more low-cost internal flights
The Civil Aviation Ministry has granted permission for several local airlines to provide cheap flights between…
Egypt’s purchases of local wheat hit 4.711 mln tonnes
Egypt's government has bought 4.711 million tonnes of local wheat since the start of the season on April 15, the…
Local wheat buying at 4.464 million tonnes in Egypt
Egypt's government has bought 4.464 million tonnes of local wheat since the start of the season on April 15, the…
Dollar supported by U.S. rate view, Aussie jumps
The dollar hovered near its highest level in two months against a basket of currencies on Tuesday on growing…
Supply ministry purchases 20,000 tonnes of rice to face Egypt’s deficit
Egyptian Ministry of Supply signed contracts of purchasing 20,000 tonnes of local rice recently to be injected into…
Citigroup, U.S. Bancorp exit money-losing Brazil card venture
Citigroup Inc and U.S. Bancorp have agreed to sell Brazilian card payment processing joint venture Elavon do Brasil…
France eyes partaking in Egypt’s new capital city project
A delegation of French businessmen and representatives of companies operating in construction, financial…
Indian temple fire kills nearly 80, triggered by fireworks display
A huge fire swept through a temple in India's southern Kerala state early on Sunday, killing nearly 80 people and…
Egypt’s banks pumped US$225mn among CBE’s mortgage initiative in 2 years
Egypt’s local banks injected 2 billion Egyptian pounds (US$225 million) in favour of the central bank's low-income…
Egypt’s capital city phase I infrastructure works start next Saturday
Egypt’s Ministry of Housing assigned four local construction companies to carry out the infra-structure of the new…
Dairy maker Beyti to inject $510mn into Egyptian market
Egyptian milk and juice maker Beyti targets pumping new investments worth 4 billion pounds (US$510.7 million) into…
Investors’ Associations Union to hold conference on enhancing Egypt’s…
Egyptian Union for Investors' Associations is set to organise a conference to enhance domestic investment at the…
Russia identifies groups behind plane explosion in Egypt
Alexander Bortnikov, the head of Russia's Federal Security Service, said on Thursday Russia had identified groups…
Central Bank tightens import controls to boost Egypt’s production
Central Bank of Egypt (CBE) will tighten import regulations from January in a bid to support local manufacturing…
UAE renews 35bn yuan currency swap deal with China
China and the United Arab Emirates have renewed their local currency swap agreement for a further three years, with…
Vodafone Egypt invests $1.3bn within 2014-17
The total investments of Vodafone Egypt in local market within 2014-17 are estimated at 10.5 billion Egyptian…
Dollar consolidates after recent rally, Aussie flies on robust jobs data
The dollar was down against the euro and yen on Thursday as the currency consolidated after a recent rally, while…
Lafarge’s investments in local market record $3bn
Lafarge Egypt's total investments in cement local market hit around 25 billion Egyptian pounds (US$3.2 billion) at…
Dubain Market Achieves 100% Compliance in Local Company Disclosures of Q2-2015 Results
Dubai Financial Market ( DFM ) announced Monday that its listed local public joint stock companies have…