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Russian wheat offered lowest at Egypt's GASC tender
GASC also received a lowest offer of $263.97 for 55,000 tonnes of Russian wheat on a FOB basis for a second shipment period from Dec 11-20.
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Egypt: Ensuring building safety
Experts say that the duration of the buildings reconciliation law needs to be extended to ensure the structural safety of violating buildings.
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Cooperation deal signed by American chambers of Greece, Cyprus, Egypt
The memorandum concerns the development of commercial, investment and business relations, both among the members of the three chambers and with the US
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Dana Gas sells onshore Egypt producing business to IPR Energy Group at $236 million
The company said in a press statement that this asset sale is in line with Dana Gas’ strategic goals of strengthening its balance sheet.
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Project: Fire trucks
Cairo: Supply of (a) 6 fire trucks carrying 15 M3 water tank, (b) 3 fire trucks carrying 8 tons water tank c) 7 medium sized fire trucks
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Project: Elevator
Alexandria: Supply, erection & commissioning of a new elevator and maintenance of other elevators
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Project: Iron & steel
Country Wide: Supply of the iron & steel works, also products (pipes, frames, angles & sheets) required for pedals, frames, gates & bridges
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Egypt's economy exceeds expectations during COVID-19
The performance was outlined in detail in the Financial Monitor and Outlook for the World Economy Report for October 2020.
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Egypt Launches 1st Green Bond Offering on London Stock Exchange
The $750 million, five-year green bonds is considered the largest green bond issuance in the MENA region, and the first of its kind to list on the LSE
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‘Now is the right time to invest in Egypt': French ambassador
Ambassador Stéphane Romatet made his statements during a virtual panel with Egypt's minister of planning and representatives of 70 French companies.
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Top 5 tech trends in 2021
COVID-19 might have acted as a catalyst to technological trends that were already in progress, pushing them to have a bigger role, faster.
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Top 5 biggest tech trends in 2021
COVID-19 might have acted as a catalyst to technological trends that were already in progress, pushing them to have a bigger role, faster.
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EBRD increases annual funding for Egypt
The bank's investments in Egypt last year amounted to about €1.2bn. The financing went towards 23 projects, mostly private sector.
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Egypt hosts Regional Medical Insurance and Healthcare Forum
Vezeeta, Middle East and Africa’s leading digital healthcare platform joins 6th Regional Medical Insurance and Healthcare forum OCT 11-12.
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Egypt economy: Going green, going Islamic
The government and private sector are eyeing new methods of borrowing, including through green and sukuk Islamic bonds.
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Egypt annual inflation rate in decline
The inflation rate projected by the end of this quarter due in November is about 5% while the rate expected for the next 2 fiscal years stands at 6%.
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Egypt’s culture minister, French ambassador discuss furthering cultural exchange
In the meeting, Ines Abdel-Dayem was presented with a commemorative medal of the French parliament.
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Egypt-S.Korea trade exchange hits $1.5bln in 2019
Goods exchanged between the two countries included engineering products, electronics, furniture, ready-made garments, chemical products and more.
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Despite Corona … an increase in Egypt’s foreign exchange reserves
Egyptian Central Foreign exchange reserves rose to $ 38.315 billion in July, from $ 38.202 billion in June.
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New strategy for housing in Egypt
Egypt’s first National Housing Strategy was launched in Cairo this week, with a view to guaranteeing everyone the right to adequate and safe housing.
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CDC Egypt eyes further investments in Egypt as priority market
Egypt has a dynamic economy, sizeable entrepreneurial ecosystem, and a government committed to developing the private sector and its infrastructure.
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Egypt unveils coffins buried 2,500 years ago
Archaeologists in Egypt had found 59 well-preserved and sealed wooden coffins over recent weeks that were buried more than 2,500 years ago.
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Germany pays great interest to Egypt's education market
Egypt's NAC is set to house over 2,000 educational, science, and technology centers making it a hub for higher education and technical training.
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Egypt’s market interest rates slightly decline despite CBE’s 0.5% cut
Returns on debt instruments also see minor decreases.
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Uber Egypt's GM Ahmed Khalil says investments exceed $100 million
General Manager of Uber Egypt Ahmed Khalil shares with Ahram Online the current and future plan of the biggest ride-hailing operator in Egypt.
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Egypt cuts interest rates by 50 bps as inflation subsides
The bank’s Monetary Policy Committee (MPC) reduced the lending rate to 9.75 percent and the deposit rate to 8.75 percent.
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Egypt’s new banking law comes into force after Al-Sisi’s ratification
Banks obliged to reconcile their conditions under its provisions within 1 year, transition period can be extended for 2 years.
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Egypt’s service e-bills grow by 223% since 2019
10 phases of the electronic payment and collecting system have been carried out starting May 2019.
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Egypt on its way to petroleum self-sufficiency by 2023
President AbdelFattah El-Sisi inaugurated on Sunday a new hydrocracking complex expected to save up to $1 billion in petroleum imports.
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TE considers Vodafone Egypt acquisition as banks willing to finance deal
The TE's move follows the recent hiccup in the Saudi Telecom Company's attempted acquisition of Vodafone International Group's 55% stake in Vodafone.
