Egypt has allocated EGP 6bn in the budget of the fiscal year (FY) 2019/20 to stimulate exports through a new programme to solve the challenges faced by Egyptian exports, according to the Minister of Finance Mohamed Moeit on Saturday.
The allocated (...)
The Ministry of Finance announced that the government aims to decrease the public debt-to-GDP ratio gradually over the next three years, to reach less than its level in 2011 by the end of the fiscal year (FY) 2021/22, the ministry stated in a press (...)
Arabian Food Industries Company (Domty) announced on Wednesday its consolidated financial statements for the second quarter (Q2) of 2019, showing net profit of EGP 37.5m, down from EGP 57.7m in Q2 of 2018, a decline of 35%.
The company achieved (...)
Mohandes Insurance Company announced in a press release that it achieved direct premiums of EGP 500.02m during the fiscal year (FY) 2018/19, up from EGP 423.92m in the previous FY, an increase of about 18%.
Moreover, Mohandes' net investment income (...)
Egypt's Ministry of Tourism on Monday released of an international promotional campaign video showcasing Egyptians as "hidden gems" in new tourism drive by the ministry.
Minister of Tourism Rania Al Mashat unveiled the new "People To People" (...)
When you wander in Egypt's streets, you may notice some children sleeping on pavements or under bridges, or even begging for money from pedestrians. Those children are known as homeless children or street children. They are victims of different (...)
US efforts to enshrine FX controls within trade deals carry potential significant implications for the global FX market, according to HSBC Global Research report on currency outlook in July.
HSBC explained that President Trump wants to reduce the US (...)
CI Capital Holding for Financial Investments on Saturday announced its consolidated financial statements for the first half (H1) of 2019, showing revenues of EGP1.1bn, an increase of 35% year-over-year (y-o-y).
CI Capital's revenues from leasing (...)
Juhayna Food Industries announced its consolidated financial statements for the second quarter (Q2) of 2019, showing that the corporate's net profit recorded EGP 179.64m in the first half (H1) of 2019, down from EGP 238.419m during H1 of 2018, a (...)
Misr El Kheir empowered 2,500 female breadwinners either indebted or not across the governorates of Egypt, since its establishment in 2017, through setting up projects for them, according to Fundraising Sector Director, Misr El Kheir Foundation, (...)
Focus Economics panellists expect Egypt's GDP to expand 5.5% in fiscal year (FY) 2020, which is unchanged from last month's forecast, and 5.4% in FY 2021.
Focus Economics added in its report in August that the economy should broadly maintain its (...)
Ministers of Civil Aviation and Tourism inaugurated on Tuesday passenger terminal 2 at Hurghada International Airport after increasing its capacity to 7.5 million passengers annually which comes in line with the growing number of tourist arrivals to (...)
Broker Care Insurance Brokerage targets to achieve about EGP 20m worth premiums during its first year of operation in accordance with the conditions and instructions issued by the Financial Regulatory Authority (FRA), the company's Chairperson, (...)
The Egyptian website of Umrah (Islamic pilgrimage) will go online in the middle of August, according to Yousry Al-Saudi, a board member of the Egyptian Travel Agents Association (ETAA).
Ministry of Tourism explained the process of applying for Umrah (...)
Mariout Hills is planning to establish seven sustainable cities in Egypt within the coming 10 years, in addition to the already announced project in North coast, according to Ahmed Hassan, chairperson of Mariout Hills Developments.
Hassan told Daily (...)
About 32.5% of the Egyptians are living below the poverty line in 2017/18, compared to 27.8% in 2015, according to the expenditure and income research prepared by the Central Agency for Public Mobilization and Statistics (CAPMAS), Khairat Barakat, (...)
The global net income of the American multinational hospitality company Hilton reached $225m during the fourth quarter (Q4) of 2018, while the full year's net income recorded $769m, according to Hilton's Fourth Quarter and Full Year 2018 Results. (...)
Several media outlets recently reported that Fatima Qandil became the first female judge to join a judicial panel of an Egyptian criminal court.
The court was trying a case about stock market manipulation. The judicial panel was led by Mohamed (...)
Mariout Hills Group announced on Sunday that the ministries of tourism and environment have granted the company a license to establish and operate the first sustainable hotel in the North Coast.
This will be the first hotel of its kind in Egypt as (...)
Brazil's exports to Egypt recorded $791.53m during the first six months of the year, in which Egypt bought 2,765.66 thousand tonnes of Brazilian commodities, according to latest figures released by the Arab-Brazilian Chamber of Commerce (ABCC).
The (...)
Sexual harassment is a phenomenon that has been perpetuating across Egypt for years, making the country among the most dangerous places for women.
It is still a problematic topic for Egyptian women to talk about. There is some kind of social (...)
The economic empowerment of women through technology and digitisation is one of Egypt's top national priorities at this stage, President of the National Council for Women (NCW), Maya Morsi, said.
Morsi's remarks came during her meeting with the (...)
Deutsche Hospitality, represented in Egypt by the Steigenberger brand, is to open two new hotels; one in Taba in South Sinai and the other in Luxor, by the end of the year, according to Thomas Willms, CEO of Deutsche Hospitality.
The planned Taba (...)
Egypt achieved an initial surplus of EGP 58.2bn during the first 11 months of the last fiscal year (FY) 2018/19 on an annual basis, the ministry of finance (MoF) stated in its monthly report on budget performance.
Meanwhile, Egypt achieved an (...)
Egypt's annual inflation fell unexpectedly to its lowest rate in more than three years, reaching 8.9% in June, compared to 13.2% in May, and 13.8% in June last year, according to the Central Agency for Public Mobilization and Statistics (...)
