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05 Feb 2018

BMI Research predicts Egypt to become an economic outperformer in 2018

A February BMI Research report predicted that Egypt will stand out as the economic outperformer of 2018 and applauded the structural reforms that the country has implemented as part of its 2016 International Monetary Fund (IMF) agreement.

"...

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05 Feb 2018

SECON lining up for residential project in Egypt’s new capital in Q2

Property developer Saudi Egyptian Construction Company (SECON) says it plans to start implementing a new residential flagship in the county’s new administrative capital, 40km east of Cairo, within the second quarter of 2018.

The"...

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05 Feb 2018

Egypt Foreign Reserves at Record Before Bond Sale

Egypt’s foreign-currency reserves climbed to a record in January just as as the government prepares to raise as much as $5 billion from an international bond sale.

Reserves rose $1.2 billion, the most since"...

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05 Feb 2018

Decrease in dollar exchange rate would reduce planned increases in electricity prices: Shaker

Ministry of Electricity will hold preparatory meetings to determine electricity prices for the fiscal year (FY) 2018/19, Mohamed Shaker, minister of electricity, told Daily News Egypt on Sunday.

He added that the"...

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05 Feb 2018

New land offerings to be announced in March: minister

Minister of Housing Mostafa Madbouly said that the ministry will announce the 2018 plan of offering new lands in March.

During the third Egypt Investment Forum held on Sunday, Madbouly noted that the ministry is currently"...

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05 Feb 2018

Investors praise current economic reforms taken by Egyptian government

Chairperson of Rotana Hotel Management Corporation Nasser Al-Nowais said that there is great interest from the Egyptian government in the Saudi private sector.

Al-Nowais added, during the 3rd Egypt Investment Forum,"...

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05 Feb 2018

Transport Ministry seeks to move 25m tonnes of goods by railway by 2022

Minister of Transport Hisham Arafat said that the coming period will include the enactment of new legislation allowing investors to partner with the state on railway projects, and that the ministry is looking to transport 25m tonnes of goods by railway in 2022.

“We"...

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05 Feb 2018

99 Egyptian export companies to participate in Germany's 'Fruit Logistica'

Egypt's Ambassador to Germany Badr Abdel Ati said Sunday that 99 Egyptian export companies will participate in 'Fruit Logistica' fresh produce trade show held in Berlin on Feb 7-9.

Abdel Ati told MENA"...

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05 Feb 2018

AUC reveals plan for cashless community, introduces AUC Coin

The American University in Cairo (AUC) announced earlier this week it will be taking its first step to transform its campus into a cashless one for over 5,000 undergraduate students to use their IDs as their mode of payment for all on-campus purchases.

By"...

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05 Feb 2018

Egypt's non-oil business sector activity stabilises in Jan - PMI

Egypt's non-oil private sector business activity stabilised in January after a slump the previous month, with an overall positive outlook thanks to tough economic reforms, a survey showed.

The Emirates"...

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