Economics

CBE representative to join 2 committees on investment disputes settlement upon PM decision

CAIRO – 3 July 2020: Upon a decision by Prime Minister Moustafa Madbouli, a representative of the Central Bank of…

PM reviews report on OECD Investment Policy Review of Egypt

CAIRO – 3 July 2020: Prime Minister Moustafa Madbouli reviewed on Friday a report of OECD Investment Policy Review of…

Belarus keen on boosting cooperation with Egypt in different domains: Belarus amb. to Egypt

CAIRO – 2 July 2020 – Belarus Ambassador in Cairo Sergei Terentiev asserted that Belarus is keen on boosting relations…

GAFI, EDA probe upgrading pharmaceutical, medical supplies’ industries

CAIRO – 2 July 2020: Chairman of the General Authority for Investments and Free Zones (GAFI) Mohamed Abdel Wahab discussed…

Italian Eni announces new gas discovery in Egypt’s Nile Delta

CAIRO – 1 July 2020: Italian oil and gas company Eni said it managed to drill the first exploration well…

Egypt’s revenues lose more than LE125B over 3 months due to COVID-19

CAIRO – 30 June 2020: Egypt’s revenues losses exceeded LE 125 billion over three months due to COVID-19, according to…

Services to be mechanized to facilitate procedures for investors: Trade min.

CAIRO – 30 June 2020: Minister of Trade and industry Nevine Gamea' said that her ministry is about to mechanize…

New transport entity formed after merging of 3 companies- minister

CAIRO – 30 June 2020: Minister of Public Business Sector Hesham Tawfik said putting into force law 203/1991, which was…

EGX flags in green during last session of week, market cap. gains LE4.4B

CAIRO – 30 June 2020: The Egyptian Exchange (EGX) ended Tuesday’s session in green, adding LE 4.4 billion to market…

Egypt, USAID agree on 5 future projects worth $105M

CAIRO – 30 June 2020: Egypt and the United States Agency for International Development (USAID) have agreed on five future…

ITFC provides Egypt with $9.6B till June 2020

CAIRO – 30 June 2020: The International Islamic Trade Finance Corporation (ITFC) provided Egypt with $9.6 billion from 2008 to…

Egypt discovers new goldmine in Eastern Desert with more than 1M ounces

CAIRO – 30 June 2020: Egypt discovered new goldmine in the Eastern Desert, with reserves estimated at more than one…

Egypt expends LE 61B of LE100B package allocated to confront COVID-19

CAIRO – 30 June 2020: Egypt spent LE 61 billion out of LE 100 billion allocated to counter the negative…

Egyptian steel, iron, cement exports decline 41.4% in 5 months

CAIRO – 28 June 2020: Egypt’s exports of iron, steel, and cement decreased 41.1 percent in the first five months…

Gamea: Private sector key partner in shaping industrial development policies

CAIRO – 29 June 2020: Trade Minister Neveen Gamea on Monday affirmed the keenness of her ministry on activating the…
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