Latest in Tag: Egypt Highlight
Latest in Tag: Egypt

Al-Sisi in China to boost investments cooperation
Egypt’s president arrived in Beijing on Saturday on a four-day visit

26 Indian businesspersons to begin high-level visit to Egypt
Preparations for meetings with GAFI, MoFA, says embassy

Definition of sexual harassment continues to face uncertainty, awaits laws to be enforced
During past weeks many hashtags on social media spoke against harassment following Fifth Settlement incident

Egypt extends fish exports tariff for one year
In April 2017, the ministry had imposed EGP 12,000 per tonne tariff following a hike in fish exports

Egypt, Italy, Greece, South Korea carry out drills in Red Sea, Mediterranean
Exercises aim to confront terrorism, naval security threats

Do legal concerns hamper Egypt’s government IPO programme?
Heads of government companies’ reservations were solved by reorganising programme in May, state official says

Egyptian government sends aid to Sudan
The Egyptian government has sent on Thursday urgent aid to Sudan, following the latest wave of floods that the country has witnessed. According to a statement by the Egyptian presidency, Egypt has sent aid materials, food, medicine, blankets, and tents. The presidency spokesperson said, the aid was sent with the help of the Ministries of …

Egypt seizes best ranking at Global Competitiveness Index over past five years
Country ranked 100 out of 137 in 2017/18 edition, 119 in 2014/15, 107 in 2012/13

Indian embassy prepares business mission visit from Gujarat state to Cairo, Alexandria
Three ministerial meetings on new Indian ambassador’s agenda, says Kulshreshth

Cabinet to address forthcoming electricity, transportation, housing agreements with China
Egypt’s government headed by prime minister and acting minister of housing, Mostafa Madbouly, has been considering a required preparation for President Abdel Fattah Al-Sisi’s visit to China this September, as well as forthcoming economic and trade cooperation. Al-Sisi is scheduled to meet his Chinese counterpart, Xi Jinping, as he will be attending the Forum for …

Egypt, China sign grant for satellite Egypt SAT project with $45m
Chinese companies in Egypt are leading sectors of information technology

Abdel Wahab reappointed as GAFI deputy CEO
Mohamed Abdel Wahab was reappointed as deputy Chief Executive Officer (CEO) of the General Authority for Free Zones and Investment (GAFI). Shehab El Din was appointed as GAFI deputy CEO since August 2017 and was legal adviser to the minister of investment and international cooperation since 2015. He participated in amending some laws and regulations, …

Beltone, HC expect CBE to keep interest rates unchanged on Thursday
Stabilized returns on debt instruments at over 18% keep them attractive, says Beltone
Domestic engines of price inflation will stabilize in the Q4 2018, then likely to see easing of monetary policy: HC

Police kill six alleged militants in an exchange of fire
Suspects planned to target Christian worshiping places

Hadi, Al-Sisi agree on enhancing Bab-el-Mandeb security
Saudi Arabia suspended last month oil shipments through narrow strait after Houthis attacked two oil tankers

Egypt, Thailand to adopt five-year joint action plan in economic activity: Thai ambassador
Egypt has more tourism resources than Thailand especially, related to ancient civilization, says Keratiyut-wong

$214m volume of trade exchange between Egypt, Tunisia in H1 2018: Nassar
Minister of Trade and Industry Amr Nassar revealed that the volume of trade exchange between Egypt and Tunisia during the first six months of this year amounted to $214m. He explained that the Egyptian exports recorded $176m, while imports from Tunisia amounted to $38m. This came during the meeting of the Egyptian-Tunisian trade and industrial …

How far Turkey crisis could affect emerging markets including Egypt in long run?
Turkish fall appears to cause sentiment towards EMs more generally to deteriorate

80% increase in British tourism to Egypt by end of 2018: The Guardian
Experts argue that British tourism will not return with high percentage unless UK abandons ban on flights to Sharm El-Sheikh, call on government to launch marketing campaign

$3.84bn trade balance deficit in May: CAPMAS
Exports register $2.48bn, imports $6.32bn

Business houses optimistic about investment, trade opportunities in Egypt: New Indian ambassador
Development partnership with Africa includes implementation of 180 Credit Lines

Egypt strikes against population growth to save economic progress
Al-Sisi previously marked issue as one challenge threatening country’s development

Fund project growth to reach 6%, unemployment rate, inflation to fall to 7%: IMF’s senior resident representative to Egypt
Strong private sector essential for job creation, this requires improving business environment, governance, transparency, access to finance, accountability of public institutions

Op-ed review: Reviewing political issues, relations with US
Writers in Sunday papers picked several political issues related to freedoms and democracy to comment on. In state-owned Al-Ahram newspaper, two journalists directed their attention towards Egypt-US relations. First, Morsi Atallah criticised some congressmen who he said rely on information from untrusted sources giving a critical image of Egyptian affairs and human rights, which in …

UNFPA, Egypt, EU, MOYS to organise 5-km run in Alexandria to celebrate National Population Day
The United Nations Population Fund (UNFPA) will celebrate National Population Day by organising a 5-km run in Egypt’s coastal city of Alexandria on Friday. The event is hosted in collaboration with the Ministry of Youth and Sport (MOYS) and the European Union (EU), focusing on raising awareness about family planning, according to a press statement of the EU …

Egypt, US sign five grant agreements worth $45m
Agreements include field of agriculture, higher education, science technology, health, governance

Egypt wins Arab youth basketball championship after heroic performance before Bahrain
The Egyptian youth team for basketball under the age of 18 has managed to win the title in the championship held in Cairo during the period from 15 to 24 July after a heroic performance before Bahrain. At first, Egypt managed to play better than the Bahraini team, managing to take control by the end …

Thailand expects 5% trade increase with Egypt by end of 2018
Thalerngsak Vongsamsorn, minister counsellor for commercial affairs at the Thai embassy in Egypt, expected a 5% trade increase by the end of 2018 compared to 2017, noting, “positive expectations resulted from market stabilisation. Our exports and imports were affected by the Egyptian pound flotation in November 2016, but now the situation is better.” Vongsamsorn told Daily News …

Egypt, Turkey dominate global tourism market: Exceltur
Egypt is one of the best tourist destinations in 2018, says American Forbes magazine

2.775bn, trade exchange volume between Egypt and Russia in 5M of 2018$
The trade exchange volume between Egypt and Russia markedly increased during the first five months of this year, scoring a 31.5% increase, compared to the same period in 2017, to reach $2.775bn. This came on a press statement issued by the Russian trade office on Saturday published by Egypt`s News agency, MENNA. Notably, that the …