Home
About

x

U.S. – Egypt Relationship
Fight Against Extremism
Egypt’s Regional Role
Economy & Trade
Culture & Arts
News

Economy & Trade

Egypt's Minister of Investments and International Cooperation Sahar Nasr said on Friday that Egypt targets to establish 12 investment zones, creating 500 thousand direct and indirect jobs and attracting investments worth LE78 billion.

Egypt plans to establish 12 investment zones: Min

Egypt’s foreign reserves rose by about $129 million, recording $45.246 billion by the end of October 2019, compared to $44.117 billion by the end of September 2019, according to the Central Bank of Egypt (CBE).

Egypt’s foreign reserves records $45.25B by end of October

Cash circulation in Egypt costs about LE 94 billion annually, which calls for moving towards digital transformation and financial inclusion, Assistant Undersecretary for the Central Bank's Payment Systems and Information Technology Sector, Ehab Nasr esti

Cash circulation in Egypt costs LE 94 B annually: CB

Egypt's Prime Minister announced in a business Forum on Monday that the country seeks to increase industrial growth rate to 10.7 percent by 2022, as the government continues to embark on a 2018 implemented action plan to boost the sector.

Egypt seeks to increase industrial growth rate to 10.7% in 2020

Egypt's Prime Minister Mostafa Madbouli issued a resolution on Thursday authorizing the General Authority for the Suez Canal Economic Zone (SCZone) to take part in establishing a joint stock company named Economic Zone Utilities Company.

Egypt to establish a joint stock company to manage investment in SCZone

Around 60 new discoveries have been made during the last fiscal year in the field of oil and gas, Chairman of the General Petroleum Authority Abed Ezz confirmed on Tuesday.

Egypt discoveres 60 oil, gas discoveries in 2018/19

The US dollar exchange rate slightly fell back during transactions at major banks on Monday.

Dollar exchange rate down at Egypt's major banks

Egypt has led the Middle Eastern and North African countries in the World Bank’s index for rights of shareholders trading in the stock market, Chairman of the Egyptian Financial Regulatory Authority (FRA) Mohamed Omran said Saturday.

FRA: Egypt leads MENA in World Bank index for shareholders’ equity

Petrobel is a joint venture between the Egyptian General Petroleum Corporation (EGPC) and the Italian oil and gas major ENI.

Eni: New resources discovered in the Gulf of Suez offshore Egypt

European Bank for Reconstruction and Development (EBRD) revised the provision of two senior loans to the National Bank of Egypt (NBE) with a total amount of $50 million.

EBRD discuss providing National Bank of Egypt with 2 loans worth $50M

Egypt's exports of fruits and vegetables rose to 4 million and 800,000 tons since the beginning of the new export season of fruits and vegetables, the Central Administration of the Ministry of Agriculture issued a report Tuesday.

Egypt's vegetable, fruit exports increase by 4.8M tons to world markets

The House of Representatives approved Monday a €53 million loan and €860,000 grant agreement to promote resilience in desert environments.

Egypt's parliament approvesa €53 million loan , €860,000 grant agreement to promote resilience in desert

Egyptian Natural Gas Holding Company (EGAS) announced on Monday that the amount of liquefied gas exported from liquefaction plants at "Edco" amounted to 172.8 billion feet in 2018/2019.

Egypt exports 172.8B feet of liquefied gas in 2018/19

Egypt's Minister of Investment and International Cooperation Sahar Nasr urged the World Bank and IMF to enhance their support to Egypt in achieving regional integrity and intra-trade in Africa, according to a press release.

Egypt calls WB, IMF to support regional integrity in Africa

Egypt declared joining the World Bank's Global Infrastructure Program, that has funded 77 projects in 40 countries worth up to $69 billion over the past four years, according to Ministry of Investment.

Egypt joins World Bank's Global Infrastructure Program to fund 77 projects in 40 countries

Egypt's Minister of Investment, Sahar Nasr, discussed Wednesday with the World Bank the provision of $500 million in order to combat pollution and solid waste management project in Egypt.

Egypt, World Bank discuss allocating $500 million to combat pollution and solid waste management

Egypt's market is a promising one and investment in Egypt allows for exports to various regions through the free trade agreements between Egypt and world countries, Prime Minister Mostafa Madbouli said.

Egypt's market is promising: PM

President of the World Bank Group David Malpass praised on Wednesday Egypt's keenness on launching the technical support program with the International Monetary Fund to protect the economic success that has been reached so far and enable international ins

WB president hails Egypt's keeness on launching technical support program

The International Monetary Fund's Managing Director Kristalina Georgieva has praised the economic progress made by Egypt after its recent reforms, during a meeting with Prime Minister Mostafa Madbouly in Washington on Tuesday.

IMF head hails Egypt's economic reforms in a meeting with PM

Egypt's Abdel Fatah al-Sisi held a meeting in Cairo on Tuesday with Ichiro Kashitani, the CEO of Toyota Tsusho company, who is currently visiting Egypt.

Egypt could be a hub for Japanese products, Sisi tells Toyota Tsuha CEO

Show More

No More Articles

U.S. – Egypt Relationship
Fight Against Extremism
Egypt’s Regional Role
Economy & Trade
Culture & Arts
News

Home
About
ContactUs

Copyright © 2017 - 2019 Egyptfwd.org

Scroll