FINANCE & ECONOMY

07 Mar 2017

Assessment of supply proposals for EBSC project to be completed next month

The Egyptian Black Sand Company (EBSC) is set to complete the assessment of the technical proposals submitted by companies as part of the tender posed by the company to supply drilling equipment for a new project in Borollos, Kafr El-Sheikh, by next month.

A source at the company said that"...

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07 Mar 2017

EGP 2bn invested in Greater Cairo Reconstruction Authority projects: authority’s head

Investments of the Greater Cairo Reconstruction Authority have reached EGP 2bn this fiscal year, distributed throughout road projects and slums development.

Major general Mohamed Salah El-Din, head of the Greater Cairo Reconstruction Authority, said that the Fangary axis is considered one"...

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07 Mar 2017

Nigeria, Egypt Seek to Boost Trade Ties

The Egyptian Ambassador-designate to Nigeria, Mr. Assem Hanafi, has expressed concern over the low trade volume between his country and Nigeria, calling for aggressively measures to improve the situation. He expressed...

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07 Mar 2017

Egypt hopes Chinese visitors can make up for Russian tourism decline

Russian Deputy Foreign Minister Oleg Syromolotov told Sputnik News Feb. 22 that the missiles fired from the Sinai Peninsula toward the Israeli Red Sea city of Eilat could further complicate"......

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07 Mar 2017

EBRD raised €700 million for Egypt private sector in 2015, 2016

The European Bank for Reconstruction and Development (EBRD) had provided financing of around €700 million ($740.6 million) to private sector projects in Egypt in the past two years, said an official in the bank on Monday.

Janet"...

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07 Mar 2017

Egypt to spend nearly $2m to boost its image in the US

Officials from Egypt’s infamous mukhabarat have hired two US public relations firms to lobby on behalf of the country and boost Egypt’s image in the US, the Associated Press has revealed.

Weber Shandwick"...

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07 Mar 2017

Egypt strikes deal for local rice six months after harvest

Egypt has reached an agreement with private rice mills to produce white rice, potentially ending a standoff over the buying price of last year's crop that has led to millions of tonnes of paddy sitting idle since the harvest.

The"...

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07 Mar 2017

Iran hopes for closer ties with Egypt

Iran’s Foreign Ministry spokesman hoped for the removal of obstacles on the way of stronger relations between Tehran and Cairo.

Bahram Qassemi said in his weekly press conference on Monday that Tehran maintains the necessary contact with Cairo through the African country’s"...

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07 Mar 2017

Ministers of Economy and Industry meet with Ambassador of Egypt

Minister of Industry, Hussein Hajj Hassan, and Minister of Economy and Trade, Raed Khoury, convened on Monday with Ambassador of Egypt, Nazih al-Najjari to discuss economic ties between Lebanon and the North African country and means of encouraging trade and supporting industry in both states.


A statement was issued following the meeting declaring...

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07 Mar 2017

Egypt’s Wadi-Food Company posts leap in sales by 40%

Egypt's El Wadi Company for Food Industries (Wadi-Food) achieved a leap in sales by 40 percent in 2016.

Chairperson of the company Khalil Nasrallah attributed the sales increase to an expansion in exports, which"...

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