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Egypt is slowly undergoing a digital transformation
The Ministry of Finance in Egypt says the country is well on its way.
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Egypt's Sisi orders launching portal of industrial investment map
Radi said El-Sisi urged paying more attention to developing micro, small and medium enterprises to provide more jobs and boost economic networks.
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DFSA signs an MoU with the Central Bank of Egypt
The collaboration includes, but is not limited to combatting financial crime and conducting consolidated supervision of common firms.
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New Export Subsidy Program round-table brief
NGage sat down with Mr. Hossam Farid, adviser to the Minister of Trade and Industry to discuss the new Export subsidy program and here's the brief.
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Project: IT systems
Operation, maintenance & repair of some IT systems at some locations
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Project: Revamping of railways crossings
Revamping of 50 railways crossings
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Project: Construction of residential buildings
Hadayek: Construction of 5 residential buildings including 10 entrances, elevators, utilities and landscape
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Egypt to introduce ‘tourism ethics’ in primary education curricula
This is to raise awareness among students of tourism’s importance and the preservation of Egypt’s tourist and heritage areas.
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Egypt’s Suez Canal annual revenue rises to $5.9bn
Annual revenue from Egypt’s Suez Canal rose by $300 million to $5.9 billion.
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Egypt adopting strategy to restore cotton industry to top of global market
Tawfik said that the new strategy involves implementing a new system for cotton trading which will be put in place on a trial basis.
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Manufacturing of Sony's Bravia TV commences in Egypt
Sony Middle East and Africa and its business partner, El Araby Group of Companies and Factories, announced manufacturing BRAVIA TV in Egypt.
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Egypt prepares to issue law merging informal economy with legal system
The proportion of workers in the informal economy represents 50 percent and that this type of economy records 40 percent of GDP.
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Egypt’s GASC seeks wheat for Sept. 5-15 shipment
In its most recent international wheat tender on July 23, GASC bought 300,000 tonnes of Romanian, Ukrainian and Russian wheat.
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Egypt's Sisi okays amendments to investment law
The amendments allow expansions of existing investment projects to benefit from incentives provided to new ones.
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Egypt needs budget of $1 trillion to improve conditions
Egyptian President Abdel-Fattah al-Sisi said that the country needs a budget of at least $1 trillion to improve its conditions and resolve problems.
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CBE reveals Egypt’s economy external position
Foreign debt reached 35.1% of GDP at end December 2018, compared to 61.4% of GDP in European coutnries, EMs, and 41.9% in Commonwealth countries.
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Egypt, India trade exchange hits $ 1.4 bln during Q1 2019
Egypt's exports to India recorded a notable increase of 10 percent during the first four months of 2019.
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More Egyptians under poverty line
The number reached 32.5% compared to 27.8% in 2015. The increase was expected due to the devaluation of the Egyptian pound.
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Egypt's SCZone achieves record revenues
In a statement by the SCZone on Saturday, Mamish pointed out that total revenues achieved by the zone in fiscal year 2018-2019 reached around EGP 3.69
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IMF approves $2 billion in funds to boost Egypt’s economy
Loan is the final instalment is of a $12bn programme agreed with the IMF in 2016.
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Egypt, US sign MoU on cooperation in energy field
The MOU aims at creating a framework of constructive cooperation in the field of energy, ease exchange and sharing of knowledge.
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Car market in limbo in Egypt
Passenger car sales were down by 10 per cent during the period from January to May 2019, according to the July report of the AMIC.
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Several companies peering into desalination market in Egypt
Proposals have been submitted by AquaSwiss, a Swiss company currently involved in the construction of two 130,000m3 desalination plants in Kenya.
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Abu Dhabi's Imkan acquires 67ha plot in Egypt's New Cairo District
Imkan’s agreement was finalised in five days, which the company said in a statement is the shortest period required by Egyptian law.
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Saudi Arabia, Egypt to launch business council of organic agriculture
It came during the first annual conference held by the Salman-Zayd Center For Middle Eastern Studies in Cairo 'Vision 2030 between Reality and Hope'.
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Egypt improves on Global Innovation Index
Egypt moved up from 95th to 92nd place in the Global Innovation Index 2019 focusing on the future of medical innovation.
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COMESA summit concludes in Nairobi
Minister Amr Nassar of Trade and Industry headed the Egyptian delegation on behalf of President AbdelFattah El-Sisi in the summit.
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Egypt’s GASC says buys 60,000 tonnes of Russian wheat
Traders said GASC paid $215.54 per tonne, including cost and freight (C&F), for the wheat, comprising $201.35 on a free-on-board (FOB) basis.
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EBRD looks to boost equity investments in Egypt
The bank intends to participate in an expected share offering for state-run Alexandria Container and Cargo Handling Company.
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Gov't encourages unregistered companies to merge into official economy
The government is seeking through these efforts to achieve the goals of sustainable development and the Africa Agenda 2063.
