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23 Jan 2019

Nasr says Egypt daring economic reforms start to bear fruit

Cairo: Investment Minister Sahar Nasr said that Egypt successfully implemented a daring economic reform program that already started to bear fruit.

Speaking in an interview with CNN Tuesday, the Egyptian minister"...

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23 Jan 2019

Changing narrative on Egyptian tourism in WEF 2019: Minister of Tourism

Davos-The Ministry of Tourism is taking part in the World Economic Forum (WEF) Annual Meeting 2019 in order to discuss the ministry’s reform programme with partners, through bilateral and group meetings on the topic in order to change the narrative on Egyptian tourism, Minister of Tourism,"...

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23 Jan 2019

For first time, Al-Sisi inaugurates 50th Cairo International Book Fair

Egypt’s President Abdel Fatah Al-Sisi inaugurated on Tuesday the golden jubilee of the Cairo International Book Fair at the Egypt’s International Exhibition Centre located in the Fifth Settlement.

For"...

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23 Jan 2019

Domestic Demand Recovery to sustain Egypt's economic growth at 5.2%: UN report

Cairo: A report was issued Monday by the United Nations World Economic Situation and Prospects (WESP) stating that recovery in domestic demand, particularly private consumption, is forecast to sustain Egypt's economic growth at 5.2 per cent in 2019.

Below"...

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23 Jan 2019

Egypt changes wheat payment terms in move that may cut costs

Cairo: Egypt agreed to change payment terms for wheat tenders in a move that may cut costs for the world’s top importer and its suppliers.

Starting with the next tender, the state buyer will amend terms to pay"...

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23 Jan 2019

Customers’ high expectations led to current car market recession: AMIC

The ‘Let It Rust – Duty-Free’ campaign is one of the biggest challenges that the automotive market in Egypt is currently experiencing, pushing the demand for new and second-hand cars to significantly decline, but it is not the only reason behind the present situation in"...

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23 Jan 2019

Egypt's PM, EBRD chief consider implementing development projects in Africa

Cairo: Egyptian Prime Minister Mostafa Madbouly on Tuesday asserted Egypt's keenness on fostering cooperation with the European Bank for Reconstruction and Development (EBRD) to serve the development goals in the African continent.

The"...

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23 Jan 2019

We aim to see a 35% decline in car prices by June”: campaign’s founder

The founder of “Let It Rust – Duty Free” campaign, Ahmed Abdel Moez, was interviewed by Daily News Egypt. He said the campaign’s Facebook page has 400,000 followers until now. The move aims to control car prices and reduce financial burdens on customerss who are already"...

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23 Jan 2019

First phase of Egypt-Sudan power grid link to be completed in two months

Cairo: The first phase of building an electricity line linking power grids in Egypt and Sudan is set to be completed within the next two months, Egypt’s Electricity Minister Mohamed Shaker announced on Tuesday.

In"...

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23 Jan 2019

Final agreement to revive El Nasr in H1 of 2019: Hisham Tawfik

The Ministry of Public Enterprise Sector is working, in cooperation with the ministry of trade and industry, in order to reach an agreement with one of the international companies to revive El Nasr Automotive Manufacturing Company (El Nasr), where many memorandums of understanding have been"...

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