FINANCE & ECONOMY

18 Jul 2018

Central Bank of Egypt issues LE3b in treasury bonds

The Central Bank of Egypt (CBE), on behalf of the Ministry of Finance, issued LE 3 billion ($167.46 million) in treasury bonds Monday.

The T-bonds were offered in two installments, with the first valued at LE 1.2 billion with a 10-year term and the second worth LE 1.7 billion"...

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18 Jul 2018

New Syrian Reconciliation Deal Signed in Egypt

The agreement is said to include the establishment of peace-keeping forces and the release of prisoners reports Etihad Press

Egyptian media has reported that Syrian armed opposition groups have signed a ceasefire"...

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18 Jul 2018

Egypt adds 15th developmental well to Noroos gas field

Minister of Petroleum Tarek al-Mulla announced the addition of the “Niduko South West 3” well to the production map for the Noroos gas field in the Delta area, with a production capacity of 180 million square meter per day.

In"...

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18 Jul 2018

Egypt’s NBE bank signs interbank alliance with China, Arab banks

National Bank of Egypt (NBE), the country’s largest state bank, signed on Monday a deal to form an alliance with Arab and Chinese banks responsible for channeling financial assistance to joint projects.

The"...

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18 Jul 2018

UAE sends delegation to Egypt to review pesticide free crops efforts

An UAE government delegation will arrive in Cairo this week to review Egypt’s progress on crop quality reforms before it lifts bans on the agricultural imports from the North African country.

The UAE delegation"...

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18 Jul 2018

Egypt’s Zaki Hashem & Partners advising on 20 acquisitions

Egypt’s law firm Zaki Hashem & Partners (ZH&P) is advising on 20 acquisitions through 2018, its managing director Yasser Hashem told Amwal Al Ghad on Wednesday.

The value of these acquisitions are"...

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18 Jul 2018

Aqarmap launches exchange: Egypt's Real Estate MLS

Aqarmap.com, the leading Online Real Estate marketplace in Egypt has just released “Exchange”, a local answer to the MLS system that is heavily used in the US real estate market.

Amad Almsaodi, CEO"...

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18 Jul 2018

Egypt's parliament passes $11bln sovereign wealth fund

Egypt is setting up a sovereign wealth fund with a capital of 200 billion Egyptian pounds ($11 billion), the state news agency said on Tuesday.

Former Public Enterprise Minister Khaled Badawi said in March that"...

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18 Jul 2018

Egypt's citizenship for sale to foreigners at $400,000

Foreigners interested in Egyptian citizenship will deposit at least 7 million Egyptian pounds ($392,000) and then hand it over to the Treasury after five years, an amendment passed by parliament on Monday said.

Egypt"...

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18 Jul 2018

Egypt’s Parliament approves $500 million loan to develop education

Egypt’s House of Representatives in a general session on Tuesday approved a $500 million agreement loan to support the education reform project signed between Egypt and the International Bank for Reconstruction and Development (IBRD).

The"...

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