The chairman of Egypt's Suez Canal Authority (SCA) and the General Authority for the Suez Canal Economic Zone (SCZone) Mohab Mamish says an agreement was reached with Russia to establish a company to operate and administer the anticipated $7 billion (...)
ERA Egypt targets achieving EGP 1.5bn in sales for developers' commercial projects in 2019, according to Mohamed Seif, head of commercial projects at the company.
Seif said that the company has achieved sales worth EGP 500m last year in the (...)
International institutions account for 30.7% of Egypt's total foreign debts by end of June 2018, according to the Central Bank of Egypt (CBE).
In its recent monetary policy report, the CBE said that there are $23.1bn of debts owed to Arab countries, (...)
Banks operating in the Egyptian market will hold on Sunday high-level meetings of their asset-liability committees (ALCO) to discuss the fate of their deposit and loan interest rates after the Central Bank of Egypt's (CBE) decision to cut the basic (...)
Egypt is going all-out to stage what it hopes will be the greatest Africa Cup of Nations (AFCON), the most prestigious sports event on the continent. The political leadership is all in, with the full backing of the government.
One reason for the (...)
Egypt's President Abdel-Fattah El-Sisi discussed e-governance and IT sector projects with Estonia's President Kersti Kaljulaid on the sidelines of the Munich Security Conference, according to a statement from El-Sisi's spokesman.
El-Sisi welcomed (...)
The Egyptian Natural Gas Holding Company (EGAS) has granted the German DEA Company a new concession for exploration in East Damanhour, El Beheira governorate.
German ambassador to Cairo, Julius Georg Luy, said that this decision is another step (...)
Egypt is going all-out to stage what it hopes will be the greatest Africa Cup of Nations (AFCON), the most prestigious sports event on the continent. The political leadership is all in, with the full backing of the government.
One reason for the (...)
The Chinese ambassador to Egypt, Song Aiguo, affirmed his country's willingness to share its experience of reform and the country's openness with Egypt, which will push the China-Egypt comprehensive strategic partnership into a new level, and will (...)
Central Bank of Egypt's (CBE) Monetary Policy Committee will hold today its first meeting in 2019 to review the interest rates at the bank, the most important indicator of interest rates direction in the domestic market.
The base interest rate at (...)
Assem El Gazzar was sworn in as the minister of housing on Wednesday as a successor to Prime Minister Mostafa Madbouly.
El Gazzar is one of the closest aides to Madbouly, and they worked together in the General Organisation of Physical Planning (...)
During discussions with Egyptian young people, both men and women living inside or outside of Egypt, I have been surprised to find that the vast majority do not know that the choice of 21 February as World Student Day has its roots in the modern (...)
The negotiations and studies to assemble Chinese Brilliance in Egypt have started in 2014. Since then, everyone has been awaiting these models to be distributed locally. They are Chinese cars of a high quality and attainable prices for Egyptians, (...)
The Egyptian Football Association (EFA) said on Tuesday that the six stadiums which will host the African Cup of Nations have been shut to be renovated in time for the summer tournament.
Cairo's International Stadium, Al-Salam, Ismailia, Alexandria, (...)
Royal Dutch Shell, Eni, BP and Exxon Mobil were among winners of Egypt's international tender for oil and gas exploration on Tuesday, with 12 concessions awarded in total.
It marks Exxon Mobil's entry into gas exploration in Egypt, while Shell was (...)
Brent crude futures gained 47 cents to settle at $62.10 per barrel. Throughout the trading week, Brent dipped by more than 1%.
While the US West Texas Intermediate (WTI) crude futures strengthened 8 cents to settle at $52.72 per barrel, however, on (...)
The Ministry of Petroleum aims to implement the project of the hydrogen cracking complex, and the production of gasoline in Suez, at a cost of about $2.35bn in order to produce high-quality petroleum products to contribute to the fuel market's (...)
Trends on social media are changing the world. Part of that change is much-needed and long-awaited, but another part is virtual. It might be driven by real needs, but it might also be imposed by those seeking some kind of advantage or devised for (...)
Egypt will assume the presidency of the African Union in February 2019. This comes as a culmination of extensive diplomatic efforts to revive Egypt's Africa role since Abdel-Fattah Al-Sisi assumed power in 2014. Under Mubarak, and especially since (...)
Egypt paid its oil receivables to Turkey and rescheduled other receivables, the Canada Egypt Business Council (CEBC) member, Ahmed khattab, told Daily News Egypt on Thursday during the second day of the Egyptian Building Material Summit (EBMS (...)
This week saw the first meeting of the board of the new Universal Healthcare Authority (UHA) headed by Minister of Finance Mohamed Maait and created to oversee the implementation of the new universal health insurance system whose first phase will go (...)
تفقدت لجنة التفتيش بالاتحاد الإفريقي لكرة القدم، ملعب "استاد السويس"، صباح اليوم الأثنين، في أول زيارة رسمية، وذلك على هامش الاستعدادات لكأس الأمم الإفريقية 2019.
وكانت اللجنة التنفيذية للاتحاد الأفريقي لكرة القدم "كاف" قد اختارت مصر لتنظيم أمم (...)
Egypt and Germany have signed a joint document to promote an economic partnership between the two countries in the areas of industry and trade policies, investment, energy, environment, transport, infrastructure and tourism.
Egypt's Trade and (...)
Technopolis Moscow, a Russian industrial developer company, plans to deliver a masterplan for the Russian Industrial Zone in Egypt (RIZ) to the Suez Canal Economic Zone (SCZone) in the middle of the year.
Amir Abdel Ghaffar, the head of projects at (...)
German Vice-Chancellor, Federal Minister of Economic Affairs and Energy, Peter Altmair, expressed his country's interest in promoting economic relations with Egypt as it one of the main partners of Germany in the Middle East region and in Africa.
He (...)
