Latest in Tag: Egypt Highlight
Latest in Tag: Egypt

Egypt-US trade exchange, economic cooperation prospects versus challenges
Possibility of free trade agreement between Egypt, US was one of the most prominent files receiving support from Egyptian business community, says Mohanna Egypt’s trade exchange with the United States rose to $7.54bn in 2018, according to latest US Census Bureau data, marking 34.16% increase compared to 2017. In 2018, Egypt’s exports increased by 26.93%, …

Al-Sisi meets Lavrov in Cairo over boosting trade exchange
Forthcoming Egyptian-Russian summit to be held this year in Sochi

AmCham presents Egyptian economy’s success story: Egypt chooses to go for comprehensive reforms, targeting 7.5% in GDP growth
Entrepreneurship development encouraged many Egyptians to establish their own projects, says Wehbe

Al-Sisi’s wisdom managed to re-adjust track, face tensions: US Congressman
President’s upcoming visit to US is vital to clarify many concepts, bring closer points of view over ample issues

Egypt to implement several reforms in June including eliminating fuel subsidies: IMF
Authorities planning to hedge oil prices, but IMF advised caution, says report

Shoukry addresses Red Sea security, regional issues with Eritrean counterpart
FM stressed Egypt’s interest in developing its relations with Eritrea in all fields

On third day of Door-Knock Mission: Establishing US advisory council to strengthen Egypt-US relations
Council will include number of most important experienced US figures working in diverse fields

Moody’s views Egypt’s FY 2019/20 draft budget as credit positive, forecasts 7.5% deficit
Minimum wage adjustments in private sector to follow, increase likely to support private consumption, erode competitiveness

US-Egyptian relationship remains strong despite Congress, American media criticism: Paul Salem
Egypt’s constitutional amendments are state policy, will not affect bilateral relations, says Middle East Institute’s president

“No entrance without tickets”: Egypt’s railways set new fines on commuters
ENR imposes new fines on train surfing, carrying heavy luggage

IFC invests close to $200m in Egypt, eyes opportunities in infrastructure, manufacturing sectors
The International Finance Corporation (IFC), a World Bank Group member, invested close to $200m in the Egyptian market over the last eight months, the IFC Country Manager for Egypt, Libya, and Yemen, Walid Labadi, told Daily News Egypt (DNE). The IFC chose Egypt earlier as a model for its investments in Middle East and Africa. …

‘Cleopatra-Japian 2019’ drills kicked off in France
It is one of biggest joint exercises between Egypt, France

Egypt, UAE ink cooperation agreements in housing, irrigation, trade, industry sectors
Al-Sisi received Al-Nahyan at Borg El Arab Airport in Alexandria early on Wednesday

Egypt halts trial online exams after severe problems
The Ministry of Education announced on Monday that online trial exams for the first secondary stage have been halted after students from all over the country complained about the lagging server. Students were supposed to take a biology exam via an online server where they would use their electronic tablets to answer the questions. However, …

China, Egypt negotiate new projects: Ambassador
China and Egypt are discussing new cooperation projects, Song Aiguo, the Chinese ambassador to Egypt, told Daily News Egypt, adding that the recent economic reforms taken by the Egyptian government are encouraging and still improving. Egypt is one of the most important countries in the region, he added, noting that Egypt has already started its …

Egypt tops list of billionaires’ most visited countries in 2019
Amid tremendous efforts from the government to revive local tourism, Egypt was announced as the number one destination among a list of 15 countries, which international billionaires plan to visit in 2019, according to a study held by Business Insider. The number one business website held a study with Original Travel agency, which plans months-long-trips …

Egyptian, Britsh armies continue ‘Ahmose-1′ in Alexandria
Exercises include lectures to exchange expertise, practical training

Al-Sisi, Iraqi Prime Minister discuss enhancing joint cooperation
Egyptian, Jordanian, Iraqi summit to be held on Sunday in Cairo

Fitch upgrades Egypt to B+ from B, maintains stable outlook
Agency forecasts average inflation of 12%, 10% in 2019, 2020 respectively, GDP growth at 5.5% in FY 19, FY 20

Egypt to import 150m scf/day of natural gas from Israel in June
Gas amounts from Tel Aviv will increase to 700m scf/d within two years, says source

Georgia, Egypt discuss operating regular flights to three local destinations
Egypt remains one of main touristic destinations for Georgians, says ambassador

Egypt, Morocco implement important fintech initiatives for modernisation of payment systems: IMF
IMF conducted survey on countries’ views on BFA’s priorities

Egyptian hotel market achieves average 30% RevPAR growth in January
Cairo, Sharm El-Sheikh, Hurghada, Alexandria to witness occupancy of 77%, 58%, 68%, 80% respectively

Japan, Egypt to boost SME cooperation to promote local exports
SMEs sector represents 97.7% of Japanese firms, says Nassar

Egypt, Germany discuss boosting tourism cooperation
Al-Mashat called for Germany to match Egypt with competing tourist destinations regarding tax levied on German tourists departing to these destinations

Women’s Day: females’ right to live independently in Egypt
“They said sorry we do not rent for women, only families,”: independent women say

Annual inflation rates increase 1.7% to reach 13.9% in February 2019: CAPMAS
Vegetables, poultry, milk, cheese, eggs push monthly inflation to 1.8% in February compared to 0.8% in
January

Egypt, Beautiful Destinations sign cooperation protocol to promote tourism
Egypt, Cyprus, Greece discuss boosting tourism cooperation

Egypt releases two Egyptian citizens detained in Iran
Citizens released in good condition after completing all legal proceedings

Egyptian Females reach 47.5 million: CAPMAS on International Women’s Day
Programme of solidarity, dignity benefited 89% of women, says Ministry of Planning