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23 Jan 2017

Egypt extends its participation in Arab coalition’s offensive against Yemen

Egypt's National Defence Council extended its participation in the Saudi-led Arab coalition carrying out military operations in Yemen, the presidency said in a statement on Sunday.

Egypt"...

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23 Jan 2017

Egypt plans to boost natural gas output

The Ministry of Petroleum of Egypt said there are plans for digging 26 wells at a total cost of $9.9 billion within the framework of five projects meant to increase the natural gas output in 2017-18.

Natural gas production is expected to reach 5.85 billion cubic feet per day by the end of the coming fiscal, the ministry said.

During the general...

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23 Jan 2017

Egypt’s museum opens for public after three years

Egypt’s Museum of Islamic Art, home to one of the world’s most important collections of Islamic artifacts, is welcoming visitors for the first time since it was damaged in a car bombing three years ago.

First opened in 1903, the museum was closed in January 2014 after a bomb attack on the Cairo police directorate across the street severely...

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23 Jan 2017

Orange Egypt says experimental networking of 4G service continuing

Orange Egypt, the country's second-largest mobile operator, announced on Sunday it will be ready to launch the new fourth-generation (4G) internet services after it completes experimental networking, and obtains final approval from the National Telecommunications Regulatory Authority (NTRA).

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23 Jan 2017

China’s Goodsense to build $100 million aluminium factory in Egypt – minister

China's Guangzhou Goodsense Decorative Building Materials Co. Ltd. plans to establish a new factory in Ataqa in Suez with an Egyptian-Saudi-Chinese capital of $100 million to manufacture aluminium composite panels, Egyptian trade minister announced Sunday.

Egyptian"...

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23 Jan 2017

Egypt keen to change the discourse on religion: Sisi to Canadian delegation

Egypt's President Abdel-Fattah El-Sisi told a visiting Canadian parliamentary delegation on Saturday that his country is eager to change the popular discourse on religion, moving away from extremist interpretations and the prejudice these provoke against religion, state news agency MENA reported.

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23 Jan 2017

Egypt’s military to enter pharmaceutical industry

Egypt’s military has received the licence required to form a pharmaceutical company, a decree by Prime Minister Sherif Ismail published on Sunday showed.

President Abdel Fattah al-Sisi has often called in the military to assist in major infrastructure projects and with distribution"...

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23 Jan 2017

Egypt prolongs participation in Yemen conflict

Egypt's National Defence Council agreed to extend its military's participation in the Saudi-led Arab coalition in Yemen, the presidency said in a statement on Sunday.

Egypt is part of the Saudi-led coalition that"...

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23 Jan 2017

Egypt's Pharos Holding eyes new equity fund launch

Cairo-based investment bank Pharos Holding is planning to launch a new equity fund within the next few months, chairman Mohamed Taymour announced Sunday.

The capital of the new fund will be worth more than 1 billion"...

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22 Jan 2017

Egypt’s economy: outlook and challenges in the eyes of international financial institutions

After several years marked by turbulence and uncertainty, Egypt’s economy encountered numerous challenges, from political unrest and declining tourism, to foreign currency and fuel shortages, which led the government to adopt an economic reform programme to improve Egypt’s public finances. Between September and November 2016, authorities introduced...

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