The OPEC Fund for International Development (OFID) secured $165m in financing for the Egyptian market from January to the end of June. Saud Al-Rajhi, a member of OPEC's private sector finance and trade department, said the first half funds included (...)
This morning, the ministry of public enterprise sector launched the Gosour application to facilitate trade in Africa.
The Minister of Public Enterprise Sector, Hesham Tawfik, said during his speech at the ‘Gosour for International Trade in Eastern (...)
Egypt's infrastructure contractor Kharafi National has submitted an offer to build a $25 million power plant in Ghana, said a senior official in the company on Tuesday.
"The company is responsible for executing the engineering works and running the (...)
The second attack on oil tankers in the Gulf in a month last week has been leading to more pressure from the United States on Iran to stop its aggression in the region, according to western and Arab Gulf sources.
Saudi Arabia joined the US in (...)
Omani Foreign Minister Yusuf bin Alawi visited the Iranian capital Tehran on Monday, two days after a telephone call between US Secretary of State Mike Pompeo and sultan Qaboos of Oman.
The Omani minister met his Iranian counterpart and government (...)
Omani Foreign Minister Yusuf bin Alawi visited the Iranian capital Tehran on Monday, two days after a telephone call between US Secretary of State Mike Pompeo and sultan Qaboos of Oman.
The Omani minister met his Iranian counterpart and government (...)
Egypt's auto industry is hoping for a breakthrough after experiencing recession since late 2018, even after applying the last phase of the EU-Egypt Free Trade Agreement (FTA) that removed tariffs completely on cars of European origin from the (...)
It seems that car market in Egypt, whether new or second-hand, is sufficiently broken, so new decisions or fees barely have an impact. The people have already boycotted the market so the decision of the Transport Minister imposing notary fees on (...)
Hany Kesis, former chairperson of Egyptian-American Business Council, said that a number of Egyptian companies began negotiations with international e-commerce company Amazon to distribute its products.
He told Daily News Egypt that the negotiations (...)
Egypt has attracted $500m worth of foreign investment in government debt tools and the Egyptian Exchange (EGX) since the decision to float the Egyptian pound on 3 November, according to Deputy Finance Minister for financial policies and (...)
Ibrahim Mahlab, the president's assistant for national projects and former acting prime minister, called on French investors to invest in Egypt on Monday.
Mahlab held a speech during a conference organised by the French-language newspaper Al-Ahram (...)
The French ambassador to Egypt, André Parant, estimated the size of French investments in Egypt at €3.6bn.
During the French Investment Conference organised by Ahram Hebdo, Parant stated that about 160 French investors have been working in Egypt (...)
Egyptian Minister of Communications Yasser El-Kady expressed his enthusiasm for e-government approach asserting that every country should adopt it as an anti-corruption strategy.
El-Kady said that direct contact between recipient and provider of a (...)
Egyptian government hopes to start selling shares in 8 state-run oil firms on the local stock exchange within the coming few months, Oil Minister Tarek el-Molla said Monday.
Egypt's Ministry of Petroleum is in ongoing talks with Ministry of (...)
Egypt and Saudi Arabia will complete a project aimed at linking their electricity grids within 2017, Egyptian Minister of Electricity Mohamed Shaker said Monday.
In 2013, Saudi Arabia and Egypt signed a 6 billion-riyal (£1.05 billion) agreement to (...)
One of the biggest state-owned banks in Egypt, the National Bank of Egypt (NBE) plans to inaugurate 25 new branches within the second half of 2015, chairman Hisham Okasha announced.
On the sideline of signing a protocol on cooperation with the (...)
Quarantine Director at Cairo International Airport Imad Al-Hashimi announced the introduction of precautionary measures to combat the Ebola virus, especially for travellers visiting from the countries of Central and West Africa.
Al-Hashimi said the (...)
A draft law is currently being prepared by parliament's religious affairs committee aimed at criminalising production of sexually explicit content by local media companies, flagship state daily Al-Ahram reported on Thursday.
According to committee (...)
CAIRO: The fact-finding committee charged with the investigation into the Maspiro clashes today released a report claiming that the military forces did not use live ammunition in dispersing protestors.
The military fired blanks in the air to (...)
The National Council for Human Rights severely condemned the use of violence and live ammunition against peaceful protestors at Maspiro Sunday Night.
The council asked how protests, which always start peacefully, end with blood and martyrs.
It (...)
The Interior Ministry used snipers to kill the demonstrators during the 25 January revolution, an Al-Masry Al-Youm investigation has revealed.
This revelation contradicts current Interior Minister Mansour al-Essawy, who has repeatedly denied that (...)
The Egyptian Organization for Human rights welcomes the ruling Supreme Council of the Armed Forces' (SCAF) decision to release several of those under military prosecution, including those accused of rioting on June 28 and 29 in clashes in Cairo's (...)
The widely-publicized Facebook poll ranking the popularity of Egyptian presidential hopefuls was marred by fraud, resulting in Omar Suleiman's current position of first place, an investigation by Al-Masry Al-Youm has concluded. The poll, which was (...)
Security forces claim they received orders from the Minister's Council to disband the Labor Union and refused entry of the board of directors.
After this decision and action, all of the members of the board of directors resigned. It demanded the (...)
CAIRO: The National Council of Human Rights (NCHR) demands judicial investigation of the attacks against April 6 Movement's peaceful march in Abbassiya. Investigations will be set up to find out who was responsible for the violence in the clashes (...)
