Swiss Nestlé investments in Egypt hit $53mn in five years
The total investments of Swiss food and drink company Nestlé in the Egyptian market reached around one billion…
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EJB joins Egyptian-Ukrainian business forum for first time in 10 yrs
A mission from Egypt's Junior Business Association (EJB) participated in the Egyptian-Ukrainian business forum for…
Online grocery Knockmart.com to invest $2.7m in Egypt within two years
Egyptian Knockmart.com company plans to inject new investments of 50 million Egyptian pounds (US$2.7 million)…
Number of Italian firms investing in Egypt to hit 1,200 in two years
The Egyptian government targets raising the number of Italian firms investing in Egypt from 600 to 1,200 within the…
Archeologists unearth ancient city in Egypt’s Abydos
Archaeologists in Egypt have unearthed what they describe as a city that dates back more than 5,000 years,…
CEC chief: Egypt eyes total exports of $30bn by 2020
The strategy of the Egyptian government targets raising exports volume from US$18.6 billion to US$30 billion by…
Egypt forms committee to draw five-year plan for raising exports to Africa
Egyptian Trade Minister Tarek Qabil issued a decree Thursday to form a committee to design a plan and a strategy to…
Lebanon: Michel Aoun becomes Lebanon’s president, ending two-year stalemate
Lebanon's parliament has elected Michel Aoun as president, ending a political stand-off that has left the post…
Egypt court sentences shop owner to jail for seizing commodity rations
Dokki Misdemeanor Court sentenced a shop owner based in the Giza suburb of Dokki to five years in jail and a…
Trade ministry designs a strategy to hike Egyptian exports in 5 years
Egyptian trade ministry is currently designing a strategy to double the volume of state's exports during the coming…
Chemicals Council eyes raising Egypt’s exports to Africa by 20%
The total volume of Egyptian chemicals exports to Africa is planned to be raised by 20 percent annually to be…
Wind plants to participate by 12% in Egypt’s power mixture by 2022
Egyptian New and Renewable Energy Authority (NREA) plans to generate 12 percent of the power mixture through wind…
1.2m housing units executed with $12bn in 5 years: Egypt’s CAPMAS
The total number of housing unites executed by public and private sectors reached 1.2 million during the last five…
Egypt’s Alcan Holdings to finish Citadel Plaza project in 5 years
Egyptian Alkan Holdings Group targets finishing its real estate project Citadel Plaza within five years with…
China Aug imports rise for first time in nearly two years as demand picks up
China's imports unexpectedly rose in August for the first time in nearly two years, boosted by coal and other…
Indian investments in Egypt to record $6bn in three years
India-Egypt Business Council agreed to double Indian investments in the Egyptian market to record US$6 billion…
Rockal plans investing $34mn in Egyptian market in 5 years
Egypt-based Al Alamia for Insulations Company- Rockal targets injecting new investments of 300 million Egyptian…
Industry ministry inks 30yrs-usufruct agreement on plastics complex in Alexandria
Egyptian trade and industry ministry signed a usufruct agreement with Alexandria governorate on using industrial…
IDA utilises 37 industrial zones in Egypt with $495mn: head Gaber
Egyptian Industrial Development Authority (IDA) provided 4.4 billion pounds (US$495.3 million) through its…
Chinese real estate firm CFLD eyes injecting $20bn into Egypt in 10 years
Chinese leading new industrial city operator China Fortune Land Development Company (CFLD) targets injecting new…
Egypt’s Fast food chain Cook Door to open 75 branches in Saudi Arabia
Egyptian fast food chain Cook Door is set to establish around 75 new branches in the Saudi Capital Riyadh within…
Handicrafts exports to hit $1bn in five years- Egypt’s Council
Egyptian Export Council for Handicrafts (EECH) plans boosting sector's exports to around US$1 billion over the…
Israel opens Gaza crossing for first time in nine years
Israel opened a major crossing point between Israel and Gaza on Wednesday to allow the transfer of vehicles…
Bank of England poised to cut rates to cushion Brexit hit to UK
The Bank of England is set to cut interest rates for the first time in more than seven years as it tries to cushion…
US sentences Chinese hacker for stealing military information
A Chinese businessman who pleaded guilty to hacking sensitive military information has been sentenced to nearly…
Careem to invest $100 mln to improve app-based cab service in Egypt, three countries
CAREEM, the leading app-based car hailing service in the Middle East, has said it is set to invest US$100 million…
Cabinet plans extending Egypt’s electricity subsidy period until 2026
Egyptian Cabinet plans to extend the subsidy period of electricity consumption prices until 2026, i.e. seven years…
China Q2 economic growth seen cooling to 6.6 %, weakest in seven years
China's economic growth likely cooled to a fresh seven-year low of 6.6 percent in the second quarter as the…
Egyptian foreign minister to visit Israel, talk Mideast peace
Egyptian foreign minister Sameh Shoukry will meet Israeli Prime Minister Benjamin Netanyahu on Sunday during a rare…
Saudi economic growth slowest in three years as austerity bites
Saudi Arabia's economy expanded at its slowest rate in three years during the first quarter of 2016 as low oil…
Furniture Council plans raising Egypt’s exports by 66% in 4 years
Egyptian Furniture Export Council (EFEC) targets rising furniture exports by 66 percent to hit 5 billion Egyptian…
Egyptians sleep 29.5 years, work 6.8 years in lifetime: CAPMAS
Egyptians spend 29.5 years sleeping and 6.5 years working throughout their lifetimes, according to Egypt's Central…
Vodafone invested $1.1 bln in Egypt network upgrade in 3yrs: CEO
Vodafone spent over 9.5 billion Egyptian pounds (1.1 billion) to upgrade the company’s network in Egypt over the…
Volvo’s first self-driving car is coming in 4 years
Volvo plans to roll out its first self-driving in just four years, and the company claims it’s going to be way more…
Data analysis from Paris raid on Google will take longer time than expected
Analysis of data seized by investigators in last week's raid of Google's Paris headquarters could possibly take…
Japan’s Abe to delay sales tax hike until 2019
Japanese Prime Minister Shinzo Abe plans to delay an increase in sales tax by two and a half years, a government…
Egypt plans boosting exports to $40bn in 5 years
Exporters division at Federation of Egyptian Chambers of Commerce (FEDCOC) plans boosting Egyptian exports to US$40…
Egypt eyes boosting intra trade with Algeria to $5bn in 2 years
Egyptian Ministry of Trade targets boosting volume of intra trade between Egypt and Algeria to US$5 billion within…
Doha oil producers close to agreeing on output freeze
Oil producing countries meeting in Doha on Sunday appeared close to agreeing on an output freeze to prop up crude…
Engineering Council eyes Egyptian exports to hit $30bn in 7 years
Egyptian Engineering Export Council (EEC) targets increasing the sector's exports tenfold, to be from US$3 billion…