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Egypt ranks 65 in tourism competitiveness
Egypt climbed 9 places in the World Economic Forum's index from 74th place last year, making it the top improved rank in the MENA region.
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ICEC to launch 5th round this October
The Middle East and Africa’s foremost smart and sustainable cities event is set to take place this year 23-24 October 2019 in Cairo, Egypt.
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Egypt now has the first LG integrated campus
This new campus includes a training academy, a display store for artificial intelligence (AI) products, and many administrative offices.
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Egypt expects several share offerings by end of year
Egypt promised to sell minority stakes in several state companies in late 2018 but postponed the offerings following emerging market turbulence.
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NTRA, Orange, Vodafone and Etisalat reach deal
They want to settle the legal battles between telecom operators over interconnection tariffs that have persisted for the past ten years.
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Egypt's economy to grow by 8% annually by 2022
Egypt expects its economy to grow by an annual rate of 8% by 2022 as the government improves the investment climate.
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Egypt inflation lowest since 2013
Inflation rates slowed to almost 4.9% annual rate in August. Despite interest rate cuts, Egypt is becoming more attractive for investors.
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Egypt’s Fawry eyes UAE deal, Saudi and Kuwaiti markets
"We hope to enter the Saudi and Kuwaiti markets in 2020," managing director Mohamed Okasha said.
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Global Telecom Holdings delisted from Egypt's Stock Exchange
Global Telecom Holdings (GTH), which operates Djezzy in Algeria, has been delisted from the Egyptian Stock Exchange.
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Tourism Ministry announces int'l marketing and promotion partnerships
The Ministry of Tourism is launching a global tourism campaign to showcase the modern and dynamic face of the country.
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Egypt’s petroleum minister advocates business over politics in gas-rich East Mediterranean
“I think that energy and, specifically now, gas is very important,” Tarek el Molla told CNBC’s Hadley Gamble at the World Energy Congress in Abu Dhabi
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Egypt, Oman sign MoU to bolster cooperation in petroleum, natural gas
The MoU included exchanging expertise and technologies in addition to cooperation and investment in manufacturing petroleum and natural gas.
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Germany's BVMW president hails growing Egyptian economy
Ohoven said cooperation between Egypt and Germany in small and medium sized industries is very important.
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Egypt will not import rice in the current financial year
Ali Moselhy told Reuters local rice production was sufficient to last until then and there would be no need for further imports.
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TA Telecom spins off 500 Startups-Backed Fintech
NowPay helps employees better manage their budgets, overcome cash flow problems and avoid unexpected events.
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Gold prices increase in Egyptian market
Rezq added that the prices of 18-karat and 24-karat gold hit LE609 and LE811 per gram.
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Japan's economy min. says keen to provide advanced technology to Egypt
The Japanese minister has stressed his country's interest in enhancing cooperation between the two sides.
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Egypt paid $25bn of debts in 2 years
The paid debts included $21 billion as debt installments and the rest as debt interests.
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Egypt Budget 2019/2020
N Gage consulting provided this infographic showing the breakdown of Egypt's 2019/2020.
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Arabian Centres to plans big mall in Egypt
Saudi Arabia's Arabian Centres Company is expecting to start the operation of its shopping mall in Egypt’s Mansoura in 2021.
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Egypt's gold market: high prices low sales
Record gold prices have been affecting the local market even in high sales season, reports Ahmed Kotb.
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Egypt's business community awaits more interest rates' cuts to boost investment
The Central Bank of Egypt (CBE) cut interest rates by 1.5% on Thursday in a long-awaited step.
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Egypt launches environmental festival to promote ecotourism
The 3 festival, titled Nature and Local Cultures Festival, is organized by the Egyptian Ministry of Environment in cooperation with local communities.
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Egypt garment exports rise 9% in 7 months
US ranked first as the top importing market for the Egyptian ready-made clothes, followed by Spain, then Germany, UK, and North Ireland.
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Egypt's central bank cuts rates by 150 bps after inflation slows
The overnight lending rate was cut by 150 basis points to 15.25%, the bank said in a statement after a meeting of its monetary policy committee (MPC).
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Egypt expected to be 2nd fastest growing economy
The economic complexity index put Egypt at 68th place, 2 ranks higher than last year due to the increasing complexity of production.
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Egypt prepares for second wave of IPOs
CBE has announced that Banque du Caire will offer a stake of its shares, ranging between 30 and 40 percent.
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Cabinet vows to empty Cairo from government buildings by 2020
Madbouli asserted that there is a mandate from President Al-Sisi to develop Cairo through moving state administrative headquarters to the New Capital.
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Egypt sells 610mn euros in euro-denominated t-bills
The bank sold 695.10 million euros in a similar auction in November with an average yield of 1.75pc.
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Egypt introducing amendments to mineral wealth law
Egypt has 13 under-construction investment zones which are expected to create 208,000 new job opportunities and attract nearly EGP 78 billion.
