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12 Feb 2018

Egypt receives largest UK trade delegation in two decades

UK trade envoy to Egypt Jeffrey Donaldson arrived in Cairo on Saturday for a five-day visit, heading the largest British trade delegation to Egypt in nearly two decades. A statement by the British embassy in Cairo said that the visit will concentrate on oil, gas, education, infrastructure, and health. The delegation includes 33 companies from the Scottish Development International, six companies from the Energy Industries Council, whose companies focus on the oil and gas industry, 14 companies from the transport and healthcare sectors......

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12 Feb 2018

Egypt to start works on new regional tech hub in March: minister

Egyptian Minister of Communications Yasser el-Kady said Sunday that works on the long-awaited Knowledge City in the new administrative city will start in March once received the land to carry out the project.

Kady"...

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12 Feb 2018

Egypt opens country's first electric vehicle charging station

Egypt on Sunday opened the country's first electric vehicle charging unit, as countries around the world incrasingly move toward a battery-powered car market.

Egyptian Minister of Trade and Industry Tarek Kabil"...

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12 Feb 2018

Egypt forecasts inflation rate will slip to 13 percent by end of 2018: Finance Minister

Egypt's finance minister Amr El-Garhy forecast on Sunday at that the inflation rate of the Egyptian pound would slip to 13 percent by the end of the year. El-Garhy stated during the third annual Arab Fiscal Forum in Dubai that he predicts that inflation would drop from January 2018's 17 percent mark, stressing that the inflation rate is easing towards levels targeted by the Central Bank of Egypt (CBE). The forum, which is organized by the Arab Monetary Fund and the International Monetary Fund (IMF), was attended by IMF Managing......

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12 Feb 2018

Largest British trade delegation in nearly two decades in Egypt

UK Trade Envoy to Egypt Jeffrey Donaldson arrived in Egypt on 11 February for a five-day visit, heading the largest British trade delegation in nearly two decades. The visit will focus on the sectors of oil and gas, education, infrastructure, and health.

“This"...

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12 Feb 2018

Almarasem Development targets EGP 32bn sales from two real estate projects

Almarasem Development said that it targets sales from two of its real estate projects at EGP 32bn, according to Tarek Helmy, chairperson and CEO.

Helmy said that the total investment cost of the two projects reached"...

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12 Feb 2018

Petroleum Ministry to pay more dues to foreign partners before end of FY 2017/2018

Egypt’s Ministry of Petroleum and Mineral Resources’ dues to international oil companies were reduced to $2.3bn by the end of last fiscal year (FY) 2016/2017, following the implementation of the state’s economic reform programme.

The"...

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12 Feb 2018

M.B Engineering's unit to sign agreement with France's Hagar

M.B Engineering (MBEN) announced on February 11, 2018, it will sign a contract with the industrial arm of M.B Engineering, M.B for Manufacture, with its ally France's Hager Group,"...

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12 Feb 2018

AfDB president pleased with strategic partnership with Egypt

President of the African Development Bank (AFDB) Akinwumi Adesina said he is pleased with the strategic partnership between Egypt and the AfDB.

The AfDB is willing to support its operations in Egypt, Adesina said in his speech at the inauguration of the third African Forum on"...

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12 Feb 2018

Gemalto high speed passport readers for Cairo International Airport

Gemalto, the world leader in digital security, is supplying Cairo International, the second busiest airport in Africa, with automated document readers that will enable faster border crossings for millions of travellers, whilst ensuring rigorous security checking of passports and other identity"...

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