Business

Egypt reaches agreement with Eni, Naturgy over Damietta LNG plant

Italy’s Eni and Spain’s Naturgy have reached an agreement with Egypt to resolve a series of disputes over ...

Coronavirus to cost world tourism at least $22 bn: Global tourism body

The deadly coronavirus epidemic will cost world tourism at least $22 billion owing to a drop in spending by Chinese tourists, ...

Egyptian automotive industry bears the brunt of trade treaties

The prices of cars imported from customs-exempt countries rival those of cars assembled locally

Apache Corp, Pharos Energy among bidders for Shell's Egypt onshore assets: sources

Royal Dutch Shell’s onshore Egyptian oil and gas assets have drawn interest from American, Egyptian, Asian and Middle ...

More News >>

Egypt's industry sector investments rise to EGP 99.5 billion in FY2018/2019: Minister

Investments by Egypt's industrial sector surged 22 percent in the 2018/2019 fiscal year to EGP 99.5 billion, Egypt's ...

International Finance Corporation to expand investments, activities over Egypt’s economic reforms second wave

IFC CEO Philippe Le Houerou said the organisation is keen on building a strategic cooperation partnership with Egypt

Egypt's Suez Canal revenues increase to $5.8 billion in 2018/19

Officials said the Suez Canal has not been negatively affected by the Corona Virus, even though 13 percent of China's foreign trade passes through the canal

Egypt's domestic liquidity rises to EGP 4.11 trillion by end of December: CBE

The rise represents a 6.4% rise during July-December in FY 2019/2020

Digital payment growth could boost Egypt’s GDP by 3.5%: Visa

Economic growth generated through digital payments could add up to 3.5 percent to Egypt's GDP, according to Visa. The ...

Egypt's domestic debt hits 10-year low

Egypt's public domestic debt plunged to 66.7 percent during the first quarter of 2019/2020, registering its lowest ...

Kuwait Fund for Arab Economic Development delegation to visit Egypt in March, to discuss Sinai development projects

Egyptian Minister of International Cooperation Rania El-Mashat is visiting Kuwait, discussing the Egyptian-Kuwaiti cooperation strategy through 2022

Egyptian natural gas exports to Jordan to be resumed within 48 hours

The Egyptian-Jordanian Fajr for Natural Gas Transport and Supply Company said on Wednesday that the export of Egyptian ...