FINANCE & ECONOMY

09 Apr 2017

Best in class: Arab nations work on plans to upgrade school education

Several Arab countries are planning to reform their education sector in the coming years, with the United Arab Emirates (UAE) working to enlarge the capacity of its schools, while Egypt is working to digitise school curriculums.

By the year 2020, the UAE plans to add"...

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09 Apr 2017

Focus Economics expects inflation to average 22.3% in 2017

In its consensus forecast for the Middle East and North Africa region for April, Focus Economics participants expect inflation in Egypt to average 22.3% in 2017, up 2.1% from last month’s projection, and 13.9% in 2018.

“Annual average inflation rose from 15.3% in December to"...

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09 Apr 2017

Growth projected at 4.7%, 30% increase in subsides allocations: Minister

Minister of Planning, Follow-up and Administrative Reform, Hala Al-Saeed, said on Saturday that the draft budget for the fiscal year 2017/2018 includes a 30% increase in subsidies allocations, compared to the current year's"...

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09 Apr 2017

El Ghazi partakes in 44th Arab labor Organization conference in Cairo

Minister of Labour, Employment and Social Security Mohamed El Ghazi will partake in the 44th session of the Arab labor Organization conference to be held in Cairo, Egypt, from 9 to 16 April, the ministry said Saturday in a statement.

This session "will examine the Director-General's"...

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09 Apr 2017

Egypt inaugurates five new factories in Sohag

Egypt’s Minister of Industry and Trade Tarek Qabil has inaugurated Saturday five new factories in Sohag, some 500 kilometers south of Cairo.

Designated to provide around 500 direct job opportunities, the"...

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09 Apr 2017

Siemens milestone in mega-project

German Chancellor Angela Merkel and Egyptian President Abdel Fattah El-Sisi symbolically inaugurated the first phase
of Siemens’ so-called mega-project in Egypt last month.

This marked an important milestone towards the completion of the project, which will increase the country’s power generation capacity by around 45%.

Together...

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09 Apr 2017

World Trade Organisation delegation to visit Egypt this week: minister

A high-level delegation from the World Trade Organisation (WTO) will visit Cairo this week to review Egypt's trade, economic, and investment policies over the past years, the country’s Minister of Trade Tarek Qabil announced Friday.

The"...

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09 Apr 2017

Misr Insurance’s 2016 investments in Egypt bourse rose 212%

Misr Insurance Company’s investments in the Egyptian stock exchange rose 212 percent to record 5.3 billion Egyptian pounds ($294.5 million) at the end of 2016, the company’s investment chief executive on Saturday.

In"...

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09 Apr 2017

DP World, Egypt discuss expansion of Sokhna port

UAE-based global ports operator DP World and Egypt's General Authority for Investment and Free Zones have discussed a proposal to increase the capacity of Sokhna port in Egypt.

The port, operated by DP World, sits south of the Suez Canal on the Red Sea on a busy maritime"...

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09 Apr 2017

The 10 plagues of Egypt happened: Scientists

The biblical plagues that devastated Ancient Egypt in the Hebrew scriptures were the result of global warming and a volcanic eruption, scientists have claimed.

Jews throughout the world commemorate the Exodus from Egypt on Monday night April"...

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