Dubai port operator DP World has agreed with Egypt's Suez Canal Economic Zone (SCZone) on the allocation of an industrial land plot of land in the canal area
In a press conference celebrating the company's ten years of operations in Egypt, DP (...)
The Suez Canal Authority this week marked the 150th anniversary of the Suez Canal. The canal first became operational on 17 November 1869.
Since its inauguration, 1.3 million ships carrying cargo weighing 28.6 billion tons and worth $135.9 billion (...)
Egypt's Petroleum Ministry plans to increase its oil export revenues to $8.5 billion at the end of the 2019/2020 financial year from $7.7 billion during the financial year 2018/2019.
Senior government sources told Daily News Egypt that the total (...)
Egypt's unemployment rate rose 7.8 percent during the third quarter of the year from 7.5 percent during the second quarter of 2019, the state-owned statistics agency CAPMAS said on Thursday.
The unemployment rate dropped 2.2 percent in the third (...)
Royal Dutch Shell has appointed investment bank Citi to run the sale of its onshore Egyptian oil and gas assets which could fetch around $1 billion, sources close to the process said.
The sale process is expected to be officially launched at the end (...)
Egypt has completed 1,504 social housing units in Red Sea governorate, said chairperson of the Egyptian Mortgage Finance Fund on Thursday.
MFF's May Abdel Hamid made these remarks during a meeting with Egyptian Minister of Housing Asem El-Gazzar (...)
Suez Canal Bank announced that its financial position has reached 50 billion Egyptian pounds in September 2019 with a growth rate of 5 percent compared to 47.6 billion pounds in December 2018, its chairman Hussein El Refaie.
He added that this leap (...)
The Egyptian economy has been doing a great job in recent months in terms of aggregate numbers.
Its gross domestic product (GDP) is one of the few in the region and the world exceeding a five per cent growth rate. Unemployment is now at its lowest (...)
Amir Bashtak Palace
Al-Muaaz St, Tel 02 2787 9187
Every Saturday and Wednesday, 4pm: The training courses of the Arab Singing House students.
Amir Taz Palace
27 Al-Syoufiya St, off Al-Saliba St, Al-Khalifa District, Tel 02 2514 2581
Every (...)
“Egypt has advanced 90 ranks in world road quality. We are going to advance even more, not only in roads but also in education, health, governance and anti-corruption,” President Abdel-Fattah Al-Sisi said last week while inaugurating several new (...)
Egypt has received an offer from an UAE company to implement new desalination plants, with investments worth $800 million.
The UAE company has submitted a bid to implement desalination plants in Egypt with a total capacity of 500,000 cubic metres (...)
The board of ATAA, Egypt's first charitable investment fund to support people with disabilities, on Sunday has endorsed a planned increase in issued capital to 20 million Egyptian pounds ($1.2 million).
In December 2018, Nasser Social Bank's (NSB) (...)
Egypt is set to start establishing a new city in Suez, 134 km (83 miles) from Cairo, next July, said Minister of Housing Asem El-Gazzar on Tuesday.
Egypt is embarking on a slate of ambitious and new, fourth-generation ‘smart' cities on the cusp of (...)
Train
manslaughter charge
THE GENERAL Prosecution on Saturday referred a train conductor to an extraordinary criminal trial on charges of manslaughter after he forced two young men to jump out of a moving train, causing the death of one and serious (...)
THE INTERIOR Ministry has called on people who own vehicles to head as soon as possible to the nearest traffic department to get their new electronic car stickers.
The sticker, which will be attached to the car's windshield, has a smart chip on (...)
The 28th Arab Music Festival and Conference (1-12 November)
Arab Music Institute
22 Ramsis St, Tel 02 2574 3373
Thurs 7, 8pm: Sharara Sextet features violinist Hassan Sharara.
Fri 8, 8pm: Singers Rehab Omar and Marwa Hamdy in a programme of Umm (...)
Egypt has floated the domestic currency in November 2016, making its price subject to the global market's rules of supply and demand.
Throughout the past three years, the US dollar price in the Egyptian banking system has fluctuated, in the (...)
Egypt's Suez Canal recorded its highest ever monthly revenues in October, the Suez Canal Authority's chairman Osama Rabie said on Saturday.
The canal's revenues hit $515.1 million in October, with a net monthly cargo of 108.9 million tons, he (...)
Suez Canal Economic Zone (SCZone) seeks to create million job opportunities until 2030, Yahia Zaki, Head of the Suez Canal Economic Zone.
SCZone aims to participate in a number of sectors, namely ports, logistics and industrial sectors, pointing out (...)
Egypt's Prime Minister Moustafa Madbouly issued om Thursday a resolution authorizing the General Authority for the Suez Canal Economic Zone (SCZone) to participate in establishing a joint stock firm, named Economic Zone Utilities Company.
The (...)
Three Egyptian insurance companies are competing for an insurance policy bid to cover the engineering risks of Ahmed Hamdi Tunnel in Ismailia port city, northeast of Cairo, said sources on Saturday.
The 1,640-metre long car tunnel is named after (...)
The Saudi Fund for Development (SFD) expressed interest in furthering cooperation with Egypt, said the fund's vice-chairman and managing director, Khaled bin Sulaiman Alkhudairy, during a meeting with Egypt's Minister of Investment and International (...)
Egyptian Minister of Planning Hala El-Saeed said on Wednesday that the economic growth rate remained stable during the first quarter of this fiscal year, reaching 5.6 percent.
During a cabinet meeting held under Prime Minister Mostafa Madbouly to (...)
60 new oil and gas discoveries have been made during the last financial year 2018/2019, Chairman of the General Petroleum Authority Abed Ezz told Egypt Today on Tuesday.
He pointed out during the meeting of the House Committee on Budget and Plan (...)
Kuwait Fund for Arab Economic Development (KFAED) signed an agreement worth KD26 million ($85.3 million) with Egypt to finance the a tunnel road in Sharm El Sheikh.
The scope of works includes the construction of a road running about 350 km long to (...)
