Latest in Tag: Egypt Highlight
Latest in Tag: Egypt

FDI in Egypt: where does it stand and where is it heading?
FDIs declined 24% to $5,9bn in FY 2018/19, from $7,7bn in FY 2017/18

Egypt, Noble Energy sign two $430m dealsÂ
Deals include natural gas transmission through EMG pipeline, petroleum products manufacturing

Chaudhary Group seeks to invest in Egypt’s tourism sector, especially in Cairo
The groupâs Managing Director Nirvana Chaudhary stated that the group pays a great importance to the Egyptian market.

Singaporean companies looking forward to boost trade exchange with Egypt
Current Singaporean investments in Egypt stand at $500m, trade exchange at $1bn in 2018, says ambassador

Johnson & Johnson invests EGP 2.3bn in Egypt
The minister elaborated that the ministry is keen to promote the pharmaceutical industry as one of the strategic industries in the national economy to meet the needs of local market, and also export to regional and global markets.

17.2%, hike in Egypt’s exports to COMESA in 2018
The report showed out that the highest exports ââwere concentrated in five African countries, including Libya, Sudan, Kenya, Ethiopia, and Uganda, respectively, accounting for85.5% of Egypt’s total exports to COMESA countries.

Nooros-Abu Madi-El Gamil gas pipeline saves Egypt $60k/day: sourceÂ
Nooros gas field produces 1.1 bn scf/day

South Korea ready to support Egyptâs desalination plans: ambassador
âWe hope the GERD negotiations go well, yet water demand is still high,â says Yoon

Egypt-US trade exchange hiked to $7.8bn in 2018: Ian Steff
New US ambassador in Egypt asserts his keenness to improve joint trade, investment ties

High level US financial institutions participate in US- Egypt Future Prosperity Forum
PM, several ministers will give speeches over the forumâs launch on Monday

Egypt, Switzerland agree on new cooperation strategy until 2024
A number of Swiss companies will enter the market soon

Egyptâs arms deals are âsovereignâ issue, not subject to foreign interference or opinion: senior officialÂ
Egypt would not drop Russian Su-35 deal despite pressures, the high-ranking source told Daily News Egypt

Ecomondo expo opens new horizons in economic cooperation between Egypt, Italy
Egypt to host Watrex Expo in March 2020

Egypt’s unemployment increases to 7.8% in 3Q 2019: CAPMAS
The labour force estimated at 28.4 million person in Q3 compared to 28.1 million people in the previous quarter, an increase of 1.2%. The urban labor force reached 12.4 million individuals and the labour force in rural areas reached 16 million individuals.Â

Prime Group announced launching first international outlet mall in Egypt
During a press conference in MAPIC Exhibition in French Cannes, Tamer Wageh, chairperson of Prime group, said that the Egyptian market is the most prominent trade ports into Africa and the Middle East.Â

Egypt, South Korea agree to boost cooperation over creative industries
We look forward to establishing a research centre in cooperation with Korean companies, says Gad

Egypt, UAE establish joint investment platform of $20bn
Partnership during Al-Sisiâs two-day visit to UAE

Egypt, UAE set up a $20bn investment partnership during Al-Sisiâs visit to Abu Dhabi
Partnership launched between Egypt’s Sovereign Wealth Fund âTHARAAâ and Abu Dhabi Development Holding Company
AFCON qualifiers: Egypt to face Kenya in first official game under El-Badry
Liverpoolâs star Mohamed Salah ruled out of the match for injury

Egypt beat Ghana, qualify to U-23 AFCON semi-finals
Pharaohs are one step away from Tokyo Olympics 2020

Russia confirms its readiness to boost Egyptâs national army: Russian Defense Minister
âThe Egyptian President and Armed Forces are the guarantors of the independent and stable development of the country, curbing the spread of the terrorist threat in North Africa,” Shoigu said.

UAE company offers to establish $800m desalination plants in Egypt
A committee was formed to study the offer and prepare a report to the cabinet

Egypt, Tanzania prepare for 4th joint committee meeting early 2020
The discussions came as part of Hefniâs participation in 18th meeting of Africa-Nordic foreign ministers held in Tanzania

CNNâs Destination Egypt sheds the light on countryâs lesser known treasures
During our trip, we experienced the ancient streets of Cairo before embarking on a Nile cruise from Luxor to Aswan – ending our adventure on the tranquil coast of the Red Sea.Â

Noon launches yellow Friday discounts in Egypt
General Manager of Noon Egypt Mustafa Hendawi said that the company would offer the instalment service during the Yellow Friday discounts.

First Egyptian-French startup competition sees 300 participantsÂ
This competition aims to identity Egyptian start-ups with a high potential for growth having the ambition to become the next leaders of the digital transformation in three priority sectors of cooperation between France and Egypt: Health, Fintech and Sustainable Cities.

Egypt, Ethiopia, Sudan agree to settle GERD dispute by Jan 2020
Trump met top representatives from the three countries to help solving the issue

IMF welcomes Egypt’s intention to sell shares of SOEs, military companies on EGX
Our discussions with Egypt focused on possible modalities of future engagement rather than on specific measures, says Lall

Egypt praises Riyadhâs agreement to end conflict in South Yemen
The agreement aimed at ending a conflict simmering within the country’s long-running civil war

Amid joint drill, Egypt, Greece, and Cyprus condemn Turkeyâs Mediterranean violations
According to Cyprus News Agency, the Cypriot Defence Minister Savvas Angelides said during the meeting that Turkey’s illegal measures in Cyprusâ EEZ in the Mediterranean Sea, violates the sovereign rights of his country and the international law.