Latest in Tag: Egypt Highlight
Latest in Tag: Egypt
US dollar value continues decline against EGP in banks on Monday
The US dollar lost two piasters in the Egyptian National Bank and the Suez Canal Bank, recording EGP 16.71 for buying and EGP 16.81 for sale
Gold Traders Syndicate warns shops from spread of counterfeit gold
Dealing with official invoices, checking gold, prevents traders getting involved in robbery cases: Michel
Israeli settlers storming into Al-Aqsa condemned by Al-Azhar
Jewish groups called for celebrating Shavuot feast in Al-Aqsa on Sunday, Monday
22 state employees in Alexandria referred to court over corruption charges
APA has been actively trying to tackle corruption cases across various entities in Egypt
Siemens, Egypt sign agreement to supply country’s 1st digital power transformer
Siemens has signed an agreement with the Egyptian Electricity Transmission Company (EETC) to supply the country’s first digital power transformer, Sensformer, according to a press statement on Monday
EETC poses 3 tenders for construction of transformer stations in New Valley
EGP 7.5bn to complete plan to strengthen, expand high, ultra-high voltage networks
Egypt to launch EGP 20bn worth medical tourism city in Badr
The medical tourism city to be built over 109 feddan within five years
DETGD calls for communications unit within each new city
Egypt is making strong strides in the field of digital transformation, Internet of Things (IoT), and artificial intelligence (AI) through the creation of smart cities and communities, which will put it in the ranks of technologically advanced countries in the coming period, he noted
CBE’s mortgage finance interest rate projected to reach 8-12%
The Egyptian Real Estate Council proposed to set an interest rate of 8-12% on mortgage finance for middle-income housing units
Real estate developers aim to participate in Egypt’s social, middle-income housing
The minister explained that the partnership reflects the mutual trust between the government and the private sector
Egypt’s exports to Arab countries hike by 7.7% in February, reaching $860.4m
The report added that the UAE is the largest Arab importer of Egypt’s products in February 2019, with a total export of $177.9m, compared to $202.4m during February 2018, a decrease of 12.10%
Sharq El Owainat to be linked to electricity grid next month
The Egyptian Electricity Transmission Company (EETC) is preparing to receive newly established electricity pylons that will link the Balat substation with Sharq El Owainat in the New Valley governorate next month
Suez Canal’s transfers to Egypt’s public budget reached its highest level ever in FY 2018/19
Canal’s revenues increase by 40.4% in current FY recording EGP 104.2bn
EGX trading expected to recover as indexes continue at a weak performance
Absence of stimulus, positive news, foreign sales and trade escalation weaken the market’s attractiveness
Number of 8 Egyptian tour operators likely to visit Indonesia in June
Numbers of Indonesian students in Egypt witness a significant increase, says ambassador
Edita signs loan contract with IFC for $20m
Operational phase of company’s new factory starts in Morocco in 2020
Scatec Solar finalises 50MW solar plant in Benban
Scatec Solar has completed the implementation of a 50MW solar power plant as part of the second phase of solar energy feed-in tariff project in Benban, Aswan
Egypt to inaugurate 3 new metro stations ahead of AFCON
New stations to transport large numbers of football fans
Government aims to cut fuel subsidies to 1.7% of GDP in FY 2018/19
Expenditures to improve public services this FY amounted to EGP 182bn, says petroleum ministry
Three Sudanese protesters killed as civil disobedience began across country
Protest leaders called on people to stay home and not go to work
Parliament approves amendments to Judicial Authority Law
In same session, parliament approves president’s decision to increase pensions by 15%
Education Ministry identifies student who leaked Arabic Language exam
Thanaweya Amma students countrywide began their exams on Saturday
Christie’s puts anonymous Tutankhamun’s statue on bid
Auction house contacted Egyptian Ministry of Antiquities sending details of statue, other auctioned relics
“Our major advantage is diversified setup… we aren’t dependent on specific industry”: KML Chairperson
Company has several new projects, investments to improve quality of services offered to customers in Breakbulk Europe 2019
13 banks in Egypt score EGP 8.48bn in net profits in 1Q19
CIB ranks 1st with profits of EGP 2.64bn, QNB AlAhli follows, Faisal Islamic Bank in 3rd
EgyptAir cancels flights to Sudan
Ethiopia attempts to mediate Sudan crisis after bloodshed
Thanaweya Amma national exams begin across country amid reports of leaks
Education Ministry denies leak of Thanaweya Amma Arabic Language exam
55 Russian companies express their desire to invest in SCZone
Trade exchange between Egypt, Russia hits $7.66bn in 2018
Intro Energy to launch $100m energy projects in 3 years
Intro Energy is planning to launch several projects to produce electricity from renewable resources with investments of $100m within 3 years
Egypt to establish largest medical tourism city in Africa with EGP 20bn investments
Project to be completed within five years