The European Bank for Reconstruction and Development (EBRD) expects to keep investments in Egypt at over 1 billion euros this year, boosting its equity portfolio through a delayed privatisation programme, its regional director said.
The bank intends (...)
President Donald Trump stepped up his vilification of four liberal lawmakers as un-American at a raucous rally on Wednesday, underscoring that the attacks will form a key part of his strategy for winning re-election in 2020.
Despite criticism from (...)
The United States House of Representatives formally condemned President Donald Trump for racist comments against four minority congresswomen of colour from the left-wing of the Democratic Party. This came three days after Trump's tweet attacked the (...)
The Central Bank of Egypt (CBE) is discussing with the European Bank for Reconstruction and Development (EBRD) offering new banking products to the local market, EBRD's Vice President for Banking, Alain Pilloux, said.
"We have invested in our 13 (...)
Support for U.S. President Donald Trump increased slightly among Republicans after he lashed out on Twitter over the weekend in a racially charged attack on four minority Democratic congresswomen, a Reuters/Ipsos public opinion poll shows.
The (...)
The U.S. House of Representatives voted on Tuesday to condemn President Donald Trump for "racist comments" against four minority Democratic congresswomen, a symbolic measure aimed at shaming Trump and his fellow Republicans who stood by him.
The (...)
United States President Donald Trump has been accused of racism after posting tweets attacking four Democratic congresswomen, two of whom are of Arabic origin on July 14. In his tweets, he said that the four-congresswomen came from the worst, most (...)
Preparations for the pilot launch of Egypt's industrial investment map are completed, and it will be launched in two months, Chairperson of the Industrial Development Authority (IDA), Magdy Ghazi, said on Monday.
Ghazi explained that the industrial (...)
The ministry of electricity and renewable energy began negotiations with China's State Grid Company, German Siemens, and IBB to set up an interactive control centre in the New Administrative Capital (NAC).
Sources from the ministry told Daily News (...)
President Donald Trump doubled down on his attacks against four minority U.S. congresswomen on Monday and dismissed concerns that his comments were racist, prompting outrage from Democrats, who moved to condemn him in the House of (...)
Egyptian investment company Qalaa Holdings says it plans to establish a solar power plant to serve its agriculture and consumer foods platform, Dina Farms.
Dina Farms is Egypt's largest private farm with 9,500 feddans (40 mn sqm) and the country's (...)
Egypt's Ambassador to Italy Hisham Badr said on Tuesday that cooperation between Alexandria governorate and the Italian city of Genoa will give fresh impetus to Egyptian-Italian relations.
In a press statement released at the conclusion of (...)
Behind mesmerising gazes of Queen Fawzia Fuad, lies thousands of hidden stories that no one knew about until she closed her eyes for the last time.
The coloured, almond shaped, wide eyes of Egypt's last official princess held the passion of a young (...)
The ministry of petroleum and mineral resources aims to pump about 6.39bn scf/day, the average consumption of the domestic market, including electricity, factories, houses, and cars during the current fiscal year (FY).
A source in the oil sector (...)
Emad Ghaly, head of the German-Arab Chamber of Industry and Commerce (GACIC), said Berlin is a major investment partner of Cairo in several projects, noting that Germany's investments in Egypt are nearly $11 billion.
Ghaly made his statements on (...)
Chinese investors are seeking to establish a new hypermarket in Egypt that will be the beginning of further commercial and industrial investments that will create 100,000 jobs opportunities.
These remarks were made during a meeting with Cairo (...)
U.S. President Donald Trump on Sunday told a group of mostly American-born Democratic congresswomen to "go back and help fix the totally broken and crime infested places from which they came," a comment that was condemned by Democrats as racist.
"So (...)
The US dollar exchange rate maintained its downward trend during transactions at major banks on Monday, following a period of relative stability.
The dollar value has been steadily decreasing this year, hitting more than EGP 1.25 lower since (...)
The prosecution ordered on Friday the firing of parliament member, Salah Eisa, and for him to be detained for four days pending investigations of alleged corruption charges, state-owned Al-Ahram reported.
Last week, Egypt's Parliament approved the (...)
The Minister of Social Solidarity and Chairperson of Nasser Social Bank, Ghada Waly, said that there is a comprehensive plan for the development of the bank's branches.
Waly explained that this plan includes the establishment of a new head office in (...)
The French Chamber of Commerce and Industry in Egypt (CCFE), seeks new capacity building programmes for the ministries of tourism, health and population, in collaboration with French institutions, Managing Director of the CCFE, Hassan Behnam, said. (...)
Egypt is in process to execute nine wastewater plants in Alexandria, the second largest city in the country, at a cost totalling 3.179 billion Egyptian pounds ($192.8 million), said senior official on Sunday.
At a total capacity of around 73,000 (...)
The Africa Cup of Nations (AFCON) journey was over for several coaches whose teams exited early from the tournament, either from the group stage or the round of 16, some of them were even favourites for winning the title.
Javier Aguirre – (...)
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 is currently implementing seven refining projects throughout the country with estimated investments of $8.031bn, to increase the refining capacity and efficiency of petroleum derivatives production, Minister of Petroleum and Mineral Wealth, (...)
