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" EGP"

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Egypt - Politics
12/7/2021 12:03:37 PM
Egypt signed on Monday a deal worth more than EGP 3.5 billion with a US consortium that won a bid to upgrade the Tahrir Complex (Mogamma El-Tahrir), a historical asset in downtown Cairo which is currently owned by the country’s Sovereign Wealth Fund.

Egypt - Courts & Law
11/29/2021 7:07:39 PM
A Cairo misdemeanour economic court has fined prominent human rights activist Hossam Bahgat EGP 10,000 for insulting the National Elections Authority.

Business - Economy
11/11/2021 6:50:06 PM
Egypt is aiming to increase public investment allocations significantly in the current FY2021/22 to EGP 933 billion, up from EGP 637 billion in FY2020/21, the Ministry of Finance announced on Thursday in a report.

Business - Economy
11/10/2021 2:58:56 PM
Egypt’s GDP is expected to post EGP 7.1 trillion in the current FY2021/2022, according to a statement given by Minister of Finance Mohamed Maait while addressing the National Press Authority on Tuesday.

Business - Economy
11/7/2021 1:17:35 PM
Egypt has allocated EGP 92.4 billion in public investments for the development of Upper Egypt in the current FY2021/2022, out of 1.25 trillion for the country’s total investments, Minister of Planning and Economic Development Hala El-Said said.

Egypt - Health
10/31/2021 3:42:48 PM
Egypt has spent $400 million (about EGP 6 billion) to purchase coronavirus vaccines from multiple sources and has administered over 35 million shots to 25 million citizens, the presidential adviser for health affairs said on Sunday.

Business - Markets & Companies
10/26/2021 5:06:44 PM
The Egyptian Exchange (EGX) on Tuesday reacted positively to President Abdel-Fattah El-Sisi's decision on lifting the state of emergency, with all its indices up in the morning transactions amid strong purchase operations by investors especially the major and leading indexes.

Egypt - Politics
10/21/2021 12:23:00 PM
In a matter of weeks, state-owned EgyptAir Holding Company will get a loan of EGP 5 billion from national public banks as per a final approval by the Egyptian House of Representatives on Monday.

Egypt - Urban & Transport
10/18/2021 6:39:58 PM
Egypt's House of Representatives – the lower house parliament – approved on Monday granting EgyptAir Holding Company a loan of EGP 5 billion from the National Bank of Egypt and Banque Misr under guarantees from the minister of finance.

Business - Markets & Companies
10/18/2021 4:49:34 PM
Egyptian Exchange (EGX) indexes posted collective gains at the close of Monday's trading session driven by optimism over the public offering subscription of e-finance for financial and digital investments.

Egypt - Tourism
10/15/2021 8:15:24 PM
National flag carrier EgyptAir will operate a weekly air service from Sharm El-Sheikh to Luxor starting 27 October, with seats available at the fixed price of EGP 1,800 ($121) per round trip.

Business - Markets & Companies
10/14/2021 1:39:05 PM
Egypt's state-owned company e-finance For Digital and Financial Investments announced a final price of EGP 13.98 for each share that will go public on Monday under the government’s initial public offering (IPO).

Egypt - Courts & Law
10/9/2021 10:25:36 PM
A Cairo economic misdemeanors court on Saturday sentenced two doctors and an employee of a private hospital to two years in jail and a EGP 200,000 fine after convicting them of bullying a male nurse.

Business - Economy
10/1/2021 6:46:12 PM
Finance Minister Mohamed Maait said on Friday that the government of Egypt paid out EGP 800 million to 302 companies under the third stage of immediate cash initiative.

Egypt - Health
9/30/2021 4:19:00 PM
Egypt's Ministry of Health and Mercedes-Benz reached an agreement whereby the German automotive giant will supply Egypt with 2,510 ambulances and mobile clinics for over EGP 3 billion ($190 million) as part of the countryside-based Decent Life initiative.

Business - Economy
9/29/2021 4:00:01 PM
Egypt’s health sector allocations have increased by EGP 17.1 billion in the current FY2021/22 to reach EGP 275.6 billion, said Minister of Finance Mohamed Maait, who revealed the eighth edition of the citizen’s budget report on Wednesday.

Business - Economy
9/27/2021 11:11:38 PM

Business - Markets & Companies
9/27/2021 10:32:40 PM
The National Bank of Egypt (NBE), Banque Misr and Banque du Caire aim to launch a trust in October to support fintech start-ups with an overall capital worth EGP 100 billion, the Central Bank of Egypt (CBE) announced on Monday.

Business - Economy
9/20/2021 1:28:34 PM
Egypt's treasury shouldered EGP 39.3 million in FY 2020/21 in the form of subscription fees for the people who were unable to afford them, Maait said

Business - Tech
9/20/2021 9:51:01 AM
The minister s remarks came on Sunday at an event organized by the Information Technology Institute (ITI) at Cairo University

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