FINANCE & ECONOMY

31 Jan 2017

Egypt: Turkish businessmen willing to invest in Egypt

Turkish businessmen are planning to pump new investments in Egypt worth $5 billion in the coming period, the president of the Turkish-Egyptian Businessmen Association (TÜMİAD) Atillia Ataseven said on Monday.

Speaking"...

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31 Jan 2017

Egypt parliament to investigate MP’s claim that cars were purchased in excess of budget

Egyptian MP and member of parliament’s planning and budget committee Talaat Khalil said that a committee will be formed to investigate accusations by MP Mohamed Anwar El-Sadat that parliament purchased three cars worth EGP 18 million in excess of the budget allotted for such purchases.

"...

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31 Jan 2017

Egypt interested in Belarus' agricultural practices

Egypt shows interest in greenhouse vegetable growing, poultry processing and bakery industries in Belarus, Belarus' Agriculture and Food Minister Leonid Zayats told reporters. A delegation of the Arab Republic of Egypt arrived in Vitebsk Oblast on a visit on 30 January. The delegation is studying the agricultural potential of Belarus. An exhibition was prepared...

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31 Jan 2017

Leader: Gas exports to Egypt still an option

It was reported that exports from Tamar and Leviathan to Egypt were unrealistic.

It was recently reported that the option of exporting natural gas from the Tamar and Leviathan natural gas reservoirs to the liquefaction facilities in Egypt was unrealistic. These facilities have supposedly been authorized to export"......

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31 Jan 2017

After success of $4B Eurobonds, Egypt considers yen and yuan

Egypt may issue bonds in other international currencies after successfully selling $4 billion of Eurobonds last week, Finance Minister Amr El Garhy said on Sunday.

He told a news conference that potential issuing currencies included the Japanese yen and China's yuan but that it was too early to say when or how much Egypt might seek"......

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31 Jan 2017

Beltone holds Cairo Investment Conference to allure foreign investment to Egypt

Beltone Financial Holding is to host Monday its four-day investment conference in Cairo in cooperation with Auerbach Grayson, a New-York-based international brokerage firm.

According to a statement issued on Sunday,"...

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30 Jan 2017

Possible resumption of Egypt-Russia flights could start with Cairo: Russian deputy PM

Russia’s Deputy Prime Minister Arkady Dvorkovich said that a possible resumption of Russian passenger flights to Egypt would start with Cairo International Airport first then followed by Red Sea resorts' airports, Russian news agency TASS reported on Saturday.

In statements to Russian"...

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30 Jan 2017

Winter sale not likely to boost clothes market: manufacturers

Several clothing manufacturers have underestimated the sale on winter clothes, which will start on Monday, saying it will not boost sales that have been witnessing recession since floating of the exchange rate indicating that the sale used to"...

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30 Jan 2017

Airlines in Cairo asked to implement Trump travel ban -EgyptAir official

Airlines operating at Cairo airport were officially requested on Sunday to prevent U.S. immigration visa holders from seven Muslim-majority countries from boarding flights to the United States, Hossam Hussein, an EgyptAir official, said.

...

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30 Jan 2017

Minister: Egypt determined to end housing crisis in 3 years

Egypt’s housing crisis will come to an end within three years, Egyptian Minister of Housing Moustafa Madbouly said on Saturday.

Speaking at a national youth conference in Aswan, Madbouly said around 166,000 housing units in the government’s social housing scheme are dedicated for Upper Egyptian governorates starting from Fayoum to Aswan.

"......

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