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05 Mar 2017

Business contraction rates soften: Emirates NBD Egypt PMI

The Egyptian non-oil private sector continued on a downward path in February, as business conditions worsened for the seventeenth straight month, according to an Emirates NBD Egypt’s Purchasing Managers’ Index (PMI) report.

It added that the latest downturn was led by sharp declines"...

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05 Mar 2017

Egyptian exports rose by 25% in January: trade ministry

Minister of Trade and Industry Tarek Kabil said that non-oil Egyptian exports rose by 25% during January.

Exports in January registered $1.66bn, up from $1.327bn in the same month of 2016, according to a press release by the ministry.

Total"...

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05 Mar 2017

Egypt’s FM in Brussels to meet European Union counterparts

Sameh Shoukry is scheduled to sign a cooperation agreement with EU counterparts that frames Egypt’s future relationship with European institutions in the next three years

Egypt’s Minister of Foreign Affairs Sameh Shoukry is in Brussels Sunday on a one-day visit where he is scheduled"...

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05 Mar 2017

Germany grants Egypt $500M for economic development and SME support

Germany has offered Egypt $500 million to support its economic programme and medium-sized and small businesses, the Egyptian ministry of investment and international cooperation said on Friday.

...

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05 Mar 2017

Egypt: Punitive probation measures latest tactic used to harass activists

Egyptian authorities are increasingly using arbitrary and excessive probation measures as a tactic to harass activists, said Amnesty International today. In some cases extreme conditions have been imposed, with activists released from prison forced to spend up to 12 hours a day in a police"...

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05 Mar 2017

Messahel to chair Tuesday in Cairo 147th session of Arab Foreign Ministers Council

Minister of Maghreb Affairs, African Union and Arab League Abdelkader Messahel will chair the works of the 147th session of the Arab League Foreign Ministers Council, to be held in Cairo on Tuesday, said the Ministry of Foreign Affairs in a statement.

"...

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05 Mar 2017

Union Capital: AUMs hit 400 million Egyptian pounds at 2016-end

Egypt-based private equity firm, Union Capital reported assets under management totalling 400 million Egyptian pounds ($24.7 million) at the end of 2016, managing director announced Sunday.

Minoush Abdel-Meguid told"...

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05 Mar 2017

Report: Abbas friction with Egypt is over peace initiative

Palestinian Authority (PA) chairman Mahmoud Abbas objected to last year’s efforts to launch a regional peace initiative with the participation of Prime Minister Binyamin Netanyahu, causing tensions with Egypt, Haaretz reported Sunday night.

The"...

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05 Mar 2017

Mall of Egypt opens

Majid Al Futtaim, the leading shopping mall, communities, retail and leisure pioneer across the Middle East, Africa and Asia, officially opened the doors of its eagerly-anticipated Mall of Egypt last March 2. With an investment of AED 2.6 billion, the mall, located on Wahat Road in 6th of"...

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05 Mar 2017

Egypt's non-oil business activity shrinks for 17th month

Business activity in Egypt shrank for the 17th consecutive month in February although the pace of decline slowed from a month before, a survey showed on Sunday.

The Emirates NBD Egypt Purchasing Managers' Index"...

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