Egypt and Russia have signed five cooperation agreements on the sidelines of the Russian-Egyptian Business Forum that is being held in Cairo.
Egypt's Trade and Industry Minister Mounir Fakhry Abdel Nour and his Russian counterpart Denis Manturov (...)
Russia's State Corporation Bank for Development and Foreign Economic Affairs, known as Vnesheconombank (VEB), is planning to boost its financing for Russian exports to Egypt to US$2 billion, a VEB official announced Tuesday.
According to Daniel (...)
Egypt's biggest private-sector bank, the Commercial International Bank of Egypt (CIB-Egypt) has about 200 correspondents, of which 5% of them existing in Russia, the bank's head of financial institution group Hossam Rageh said Tuesday.
He noted that (...)
Russia is offering Egypt 24 of its latest product of civil aviation aircrafts, the Sukhoi Superjet 100, a medium-range aircraft that can accommodate up to 95 passengers, Russian industry minister said Tuesday.
According Russian Minister of Trade and (...)
Arab Investment Bank (AIB Egypt) contributes around 5% to the paid-up capital of the newly-founded Ayady Company for Investment and Development, the bank's chairman announced today.
According to AIB chairman Hani Seif El-Nasr, Ayady Company is (...)
In an attempt to reduce Egypt's high unemployment rate, a new company was emerged this morning, Ayadi Company for Development and Investment.
Under the rubric "Let's Work", the new company is with an initial capital of 10 Egyptian pounds (US$1.4 (...)
Kia Motors Corp., an affiliate of South Korea's top carmaker Hyundai Motor Co., aims to raise sales in Egypt's market by 20% this year, a senior Egypt sales executive said on Thursday.
Kia Motors is taking part in the Cairo International Motor Show (...)
German luxury car manufacturer – Mercedes Benz is aiming to boost its sales with 10% in the Egyptian market within the current year, noting that in case of political and economic stability, the company will increase its rates by 15%.
Mercedes added (...)
The Egyptian National Competitiveness Council (ENCC) is targeting alluring finances worth EGP 600 billion from global financial institutions, the council's chairman Seif Allah Fahmy said on Sunday.
In a keynote speech at the ENCC's 9th Annual (...)
Dr. Ashraf Al-Araby, Minister of International Cooperation and Planning, announced on Sunday that the value of governmental investments will not be less than EGP 50 billion during the fiscal year 2014/2015.
In a keynote speech at the Egyptian (...)
Mounir Fakhry Abdel Nour, Egyptian Trade and Industry Minister has inaugurated today two factories for foodstuffs and Plastics in Assiut with total investments up EGP211 million.
Meanwhile, Egypt's Deputy Prime Minister and Minister of International (...)