Latest in Tag: Egypt Highlight
Latest in Tag: Egypt

UAEIIC leads discussions with Egyptian government to boost Emirate FDIs in Egypt
UAE, LAS to promote sharing knowledge programmes with Japan, says Saleh

GERD negotiations between Egypt, Sudan, Ethiopia fail
Two meetings will be held in October for scientific committee and irrigation ministers

French FM meets Al-Sisi, Egyptian, French FMs strongly condemn attack on Saudi Aramco
Egypt, French FMs held a press conference on regional issues, enhancing investmentsÂ

Egypt, US signs EGP 280m in basic education, agriculture grant agreements
âWe supported Egypt with EGP1.2bn in couple of monthsâ, says Carlin

UK’s Middle East Minister arrives in Egypt to strengthen bilateral ties
âI look forward to my discussion with Minister Nasr, and making practical progress in our ever-growing economic partnership,â says Murrison

Egyptâs police forces kill group of militants in North Sinai
The statement noted that the targeted militant group was preparing to carry out a series of attacks against checkpoints affiliated to police and army forces in North Sinai.

Egypt condemn Houthi attack on 2 Aramco facilities in Saudi Arabia
Movement vowed to expand future operations to be âmore painful” to Saudi regime

Egypt, Belgium sign EGP 16m MoU to restore Baron Empain Palace in context of debt swap
The MoU stated that the exchange amount will be used to finance the âRestoration of Baron Empain Palaceâ project, so as to provide an integrated gate for the restoration of the palace, and upgrade the current situation.

Government approves draft law to regulate waste management in Egypt
Waste Management Regulatory Authority issues licenses to practice activity, provides information to investors

US, Egypt to discuss strengthening nuclear cooperation: Brouillette
Natural gas imports from Israel faces some security challenges, said the Deputy Secretary of Energy

Kuwaitâs investments in Egypt hits $4.7bn
Alraya Almutamayeza holds 40% stake in MEDAF Investments

Egypt eyes digitalisation of industry, but faces challenges
Digitalisation will allow increasing breakthroughs in various sectors, especially industry, as it contributes in enhancing local manufacturing, increasing competitiveness, and improving the national industryâs quality and productivity.

Half a million Chinese tourists visit Egypt in 2018, expected to triple by next year: Ctrip
âWe have a specific increase target already but as we have just started working with Egypt’s Tourism Ministry, so some details are still in discussion, thus the percentage of the hike depends on how much the government will spend on the marketing campaign, and on how big the size of the campaign is,â Wang added.

Egyptâs core inflation falls to 6-year low of 4.9% in August
EFG Hermes, Pharos forecast 1-2% interest rate cut at next MPC meeting

Egypt to offer $3-7bn worth T-Bonds including Panda, Samurai, Green bonds: Finance Ministry
First portion of EGP 1bn financial package for Sovereignty Fund already transferred

UNB-Egypt to expand strongly in technological services over next 5 years: El Sewerky
âWe are contracting an electronic payment company to provide repayment of loan instalments, credit card dues electronicallyâ

Seven foreign coaches lead Egyptian football teams
For its rival Zamalek, the White Knight contracted the Serbian coach Milutin SredojeviÄ, simply known as Micho, for one season with a salary of $70,000 per month and $30,000 for his three aides. The contract includes a penalty clause of two months’ salary if terminated.

Kristalina Georgieva visits Cairo in first stop in IMF candidacy foreign tour
President Al-Sisi affirmed his interest in boosting cooperation with international institution to support development in Egypt, Africa

Egypt, Greece to expand trade exchange of non-petroleum products: Embassy
Greek construction companies meet Egyptian counterparts for joint cooperation, says Gassios

Egypt aims to enhance its Air Forceâs capabilities by acquiring new Russian jets
MiG-35 jets deal is the largest since disintegration of Soviet Union

Egypt needs more private capital â and thatâs everyoneâs responsibility
As developed market interest rates stall or fall and the inflation-adjusted returns on most sovereign debt drops to negative territory once again â the global search for yield by institutional investors is as urgent as it has ever been. This, as much as anything, is driving the huge flow of institutional capital into private investments.

Egypt, Russia, Belarus conclude âProtectors of Friendship 4â joint military exercise
More than 1,000 military personnel participated in drills

Focusing on different tourism types boosts Egyptâs property export
Other types of tourism should be developed in Egypt, so that it can compete with other countries

JICA to renew its TCTP with Egypt, Africa over TICAD7
Shoukry, Kitaoka likely to sign MoC in presence of President Al-Sisi, says JICA Chief Representative

Egypt, Japan likely to ink seven MoUs during TICAD7: JETRO
We will sign MoU with CCC to boost our joint business cooperation, says Tsunemi

Fiscal deficit to record 7.3% of GDP in FY19, current account will move into surplus from 2021, political stability to strengthen
Egyptâs fiscal consolidation to continue, unemployment shrinking, GDP to record 5.5% in 2020: The Economist Intelligence Unit

Egypt great economic reform story in eyes of market: Morgan Stanley
Weâre optimistic for Egypt, which now focuses on measures to increase private sector competitiveness, says head of Emerging Markets at Morgan Stanley

2019 likely to be a landmark year for tourism in Egypt: Colliers
Alexandria experiencing highest y-o-y improvement in 1H2019

Egypt and China launch joint military drills
Exercises come as part of plan to boost joint military cooperation

Potential Egypt-China EV factory to bring back El Nasr Automotive
The Ministry Public Enterprises Sector is trying to revive El Nasr Automotive and has recently cooperated with the Ministry of Trade and Industry to reach an agreement with an international company to bring back the state-owned automobile company.