Latest in Tag: Egypt Highlight
Latest in Tag: Egypt

MoU between Egypt, Mercedes-Benz to positively impact auto sector: experts
Egypt important market of Daimler for passenger cars, busses, says Schäfer

Mastercard Middle East, Africa President Raghu Malhotra, appointed to US PAC-DBIA
Malhotra will leverage his expertise, understanding of African continent to advance opportunities, unlock economic potential

Public Enterprise Sector Ministry signs contract for $270m 1st batch of modern textile machinery
Total contracts valued at $540m, second batch contracts to be singed before August 2019

BP to link 250m scf/day of gas to production from Giza, Fayoum this week
Total production of two fields in Mediterranean Sea is 680m scf/day per day

COMESA Industrial Strategy cleared for implementation
Ministers urged member states to integrate activities of Regional Action Plan into their National Industrial Development Plans for implementation

MALC to focus on boosting projects’ production in rural areas
“We want to improve citizens’ living conditions, eliminate local migration,” says Minister

Foreign investment in Egyptian T-Bills rises to EGP 265.6bn end of April 2019
Investments of banks operating in local market in government debt instruments amount to EGP 680.882bn

Opera show commemorates Holy Family’s trip in Egypt
Egypt to prepare file on trip, present it to UNESCO’s World Heritage Committee

Egypt, EU agree to continue dialogue on human rights, democracy
EU-Egypt Subcommittee on Political Matters, Human Rights and Democracy holds its 6th meeting

UK’s BlueMac, Egypt’s NOMP sign MoU on waste management solutions
This cooperation reflects UK’s commitment to invest in Egypt, says Donaldson

Al-Sisi, Ghanaian counterpart discuss regional issues, improving bilateral relations
Egyptian president also received letter from his South Sudanese counterpart

Egypt, France negotiate over €35m in new funding for agricultural SMEs
Local authorities have ambitious plans to develop agriculture sector, says French ambassador

Al-Sisi discusses illegal immigration, combating human trafficking with EU Migration Commissioner
Avramopoulos pointed out that Egypt represents model for regional stability, growth

MoI arrests 8 people accused of involvement in “Plan of Hope”
Hostile plan prepared by fugitive leaders of MB

First Egyptian business delegation to Latvia eyes cooperation in IT, food industry, agriculture
Mission met with officials at Ministries of Economy, Agriculture

Google appoints Hisham El-Nazer as office director in Egypt
Egyptians use products from Google worth EGP 131bn

Banks’ credit facilities see EGP 226.6bn rise end of March, deposits up to EGP 3.930tn: CBE
Private enterprise sector denominates 60.8% of total facilities, with industry in lead, according to CBE

One killed, 21 wounded in Houthi drone attack on Saudi airport
Egypt condemns assault, supports Saudi Arabia in responding to attacks

Six employees tested positive for drug tests: Ministry of Irrigation
Tests carried out on 300 of ministry’s employees, drivers

Mozambican President Nyusi visits NWRC, discusses boosting bilateral cooperation
Egyptian irrigation minister briefed Nyusi on NWRC departments

Parliament approves Egypt’s largest-ever budget of EGP 1.6tn for FY20
EGP 326.8bn for health and education, EGP 301bn for wages, EGP 149bn for food and commodities subsidies

Egypt will not give away an inch of Sinai: FM Sameh Shoukry on Manama
Egyptian side is attending Manama conference with an economic delegation to hear out the propositions, says a high ranking Egyptian official

Egypt publishes a catalogue of Holy Family’s trip in Egypt
Documentation part of ministry of antiquities’ plan to submit places into UNESCO’s Heritage sites list

Egypt runs country’s 1st special itinerary for visually impaired
The itinerary includes 12 statues from different pharaonic eras

Inflation dynamics in Egypt, structural determinants vs transitory shocks
Specifically, we uncover the role of two significant determinants of long-running inflation dynamics, namely excessive monetary growth and a rise in the intensity of relative price variability

HC Research expects Egypt’s inflation to reach 14.2% in FY 2019, 12.4% in FY 2020
CBE may resume interest rate cuts in Q4 of 2019, with a total of 5% over 2 years, says Saada

RE/MAX achieves EGP 6bn sales in H1 of 2019
Director of Business Development at RE/MAX Egypt, Sherif Mahmoud, said the company’s sales increased by 80% in the first half (H1) of 2019 to EGP 6bn, compared to EGP 3.250bn last year

MBG completes marketing 50% of Pukka Capital Walk in NAC
Al Adl pointed out that the company has achieved a 70% sales volume in the Pukka project, which includes more than 1,680 housing units on an area of 40 feddan

Jadeer Real Estate launches 2nd phase of Swara
Company invests EGP 250m during current year

Saudi delegation’s visit to mega real estate projects promotes Egypt globally
Egypt needs to organise similar events, visits to encourage Arab, foreign investments, says developer