Egypt's government has signed Friday agreements of €300 million and grants of €400 million to finance development and investment projects during Africa 2017 Forum "Business for Africa, Egypt and the World" conference.
Egypt's Housing Minister (...)
Egypt's Ministry of Higher Education and South African Regent Business School have signed Saturday an agreement to establish an international university in Egypt during Africa 2017 Forum.
Egypt's Investment Minister Sahar Nasr and Higher Education (...)
The Africa 2017 Forum: "Business for Africa, Egypt and the World" conference is set to be held from 7-9 December 2017 in the Red Sea resort of Sharm El-Sheikh, Under the auspices of President Abdel Fatah al-Sisi.
The conference will be attended by (...)
African continent expects to attract foreign direct investments (FDI) worth $40 billion within the financial year 2017/2018, Egypt's Investment Minister Sahar Nasr said Thursday.
Nasr stressed the importance of achieving development and pumping (...)
SUBSIDIES have been cut in many public sector services since 2014, especially affecting the prices of electricity, gas, oil, water, transportation and other utilities. The effects have included increases in inflation that have affected all segments (...)
Minister of Investment and International Cooperation Sahar Nasr held a meeting with German ambassador to Egypt Julius Georg Luy to improve the bilateral relations between Egypt and Germany and discuss the use of part—€360m—of the German development (...)
Minister of Industry and Trade Tarek Kabil announced that Egyptian exports have increased by 14% during the first four months of 2017 compared to 2016.
According to the ministry's press statement issued on Monday, the value of Egyptian exports (...)
Minister of Investment and International Cooperation Sahar Nasr has signed an agreement with the European Bank for Reconstruction and Development (EBRD) to receive a loan worth €186m to the Fayoum Water and Wastewater Company for the development and (...)
Prime minister Sherif Ismail opened the new food fair "Ahlan Ramadan", which provides food and related products at affordable prices to help the poorest segments of society to be able to afford buying food during Ramadan.
The fair is taking place (...)
The Monetary Policy Committee (MPC) announced on Sunday raising the discount rate by 2%, reaching 17.25%.
In addition, the overnight deposit rate, overnight lending rate, and the rate of the Central Bank of Egypt's (CBE) main operation increased by (...)
Minister of Investment and International Cooperation Sahar Nasr held a meeting with Jordan's minister of industry and trade Yaroub Al Kodat on Saturday, according to a press release, to discuss the Egyptian-Jordanian Supreme Common Committee's role (...)
The Ministry of Trade and Industry said that in a press statement issued on Saturday that Cargill is willing to expand in the Egyptian market in the field of storing grains in El-Daqhleya port and a project of vegetable oil in Borg Al-Arab city, (...)
Minister of Industry and Trade Tarek Kabil said on Thursday that the ministry will implement the programme "The Better Work" by June, in cooperation with the International Labour Organization (ILO) and the Exporting Council for Textile.
The minister (...)
On 30 October 2015, President Abdel Fattah Al-Sisi inaugurated the 1.5m-feddan reclamation project, which is one of three important megaprojects he announced.
However, on Sunday, the president seemed not too satisfied about what the government had (...)
Minister of Industry and Trade Tarek Kabil has witnessed the signing of a cooperation protocol between the Egyptian Bank for Export Development (EBED) and the Export Development Fund (EDF) to provide more financing facilities to support (...)
Minister of Investment and International Cooperation Sahar Nasr is paying a visit to China to participate in the forum known as "The Belt and Road", which is a part of the Silk Road Initiative, according to a press statement issued on Saturday.
The (...)
Minister of Investment Sahar Nasr said on Monday in a press statement that implementing the Investment Law now is the most important mission for her and her ministry.
She is responsible, according to the new law, for issuing regulations and (...)
In Focus Economics' monthly Consensus Forecast's report for May 2017 about the Middle East and North Africa stated that Egypt's economy "seems to be gradually picking itself up, according to recent data." The report said that the Purchasing (...)
Minister of Investment and International Cooperation Sahar Nasr said in a press statement issued on Monday that approving the Investment Law is an important step towards attracting foreign investments and organising the local ones.
Nasr believes (...)
Minister of Finance Amr El-Garhy said that Egypt would receive the second tranche of the International Monetary Fund's (IMF) loan by the second half of June, worth $1.25bn. The total amount of the loan is $12bn.
The minister added, during a meeting (...)
On his first official day as chairperson of the Suez Canal Economic Zone (SCZone), Mohab Mamish held a meeting on Saturday with the SCZone's board of directors to discuss the zone's plan during the next period.
Mamish, who is also the chairperson of (...)
The chairperson of the Egyptian Exchange, Mohamed Omran, hosted a meeting with a delegation of Infor, a software provider, headed by its CEO, Charles Phillips, to discuss a possible investment of the company worth approximately $1bn, according to a (...)
The executive director of Construction and Design (CONSTEC), Ashraf Abdel-Hakam, said that the company is willing to establish projects worth EGP300-500m during fiscal year (FY) 2017/2018.
Abdel-Hakam expects that the targeted value of next year's (...)
Minister of Investment and International Cooperation Sahar Nasr held a meeting with the terminal manager of Suez Canal Container Terminal (SCCT) company, Jan Buijze, to discuss expansions of the company in the port of Eastern Port Said, according to (...)
A delegation from the International Monetary Fund is to visit Egypt on Sunday, according to a press statement issued on Saturday by the Ministry of Finance.
The IMF's delegation is visiting Cairo to evaluate the progress achieved by the government, (...)