During its weekly meeting last Wednesday, Egypt’s Cabinet approved an agreement to establish a new Russian Industrial …
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Government
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Egypt News
Egypt’s Sisi tells govt to continue economic reforms, increase public expenditure
by Yomna Yasserby Yomna YasserEgypt’s President Abdel Fattah al-Sisi urged the government on Saturday to push ahead with the country’s economic …
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Financial Institutions
Egypt’s Finance Ministry dismisses reports of exchange rate 17.5 pounds to 1 USD
by Yomna Yasserby Yomna YasserSources at the Egyptian Ministry of Finance denied that the government has fixed the exchange rate for …
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Egypt News
Ahmed Ezz to pay 1.7 bln pounds in reconciliation deal with Egyptian government
by Yomna Yasserby Yomna YasserMubarak-era steel tycoon Ahmed Ezz will pay 1.7 billion Egyptian pounds as part of a reconciliation deal …
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Industry & Trade
BP CEO says to invest $1 billion in Egypt this year, not owed money
by Yomna Yasserby Yomna YasserBP is looking to invest over $1 billion (721.66 million Egyptian pounds) in Egypt this year, making …
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Industry & Trade
Egypt’s fuel subsidies increase 34% in H1 of FY2017/18: minister
by Yomna Yasserby Yomna YasserEgypt’s fuel subsidies jumped by 34 percent to 51 billion Egyptian pounds ($2.9 billion) from during the …
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Real Estate
SECON lining up for residential project in Egypt’s new capital in Q2
by Yomna Yasserby Yomna YasserProperty developer Saudi Egyptian Construction Company (SECON) says it plans to start implementing a new residential flagship …
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Asian shares came under pressure on Friday after Wall Street closed mixed and yields on U.S. government …
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Industry & Trade
Agricultural sector eyes 33.3bn Egyptian pounds investments in FY2017/18
by Yomna Yasserby Yomna YasserEgypt’s agricultural sector targets total investments of about 33.3 billion pounds within the financial year 2017/2018, the …
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Gulf stock markets may have a moderately firm tone on Tuesday, following two days of general weakness, …