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03 Jan 2017

World Bank and Egypt sign a USD1bn Loan to Support Inclusive Growth in Egypt

The World Bank and Ministry of International Cooperation has signed the loan agreement for USD 1 billion for the Second Fiscal Consolidation, Sustainable Energy, and Competitiveness Programmatic Development Policy Financing (DPF) for Egypt.

This"...

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02 Jan 2017

Egypt's Sisi urges govt to increase medicine supply, set 'reasonable prices'

The health ministry says it plans to increase prices and ensure supplies in the short-term, and work to develop the domestic pharmaceutical industry in the long-term

Egypt's President Abdel-Fatah El-Sisi said on Sunday during a cabinet"...

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02 Jan 2017

Iran, Egypt Discuss Bilateral Ties, Regional Developments

TEHRAN (FNA)- Head of Egypt's Interests Section in Iran Yasser Ossman and Chief of the Atomic Energy Organization of Iran (AEOI) Ali Akbar Salehi in a meeting in Tehran on Sunday discussed bilateral ties and regional developments.

During the meeting in the Iranian capital today, Ossman and"...

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02 Jan 2017

FEDCOC unveils 2017 plan to promote investing in Egypt

The Federation of Egyptian Chambers of Commerce (FEDCOC) revealed Sunday its plan to promote investing in Egypt during 2017.

Chairman Ahmed El-Wakeel stated that the plan comes as pursuant to the recent economic"...

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02 Jan 2017

Egypt’s HOTAC to open El Tahrir Hotel this month

Egypt’s Holding Company for Tourism and Hotels (HOTAC) is set to inaugurate El Tahrir Hotel within this January as a part of the company’s plan to inject new investments.

Egyptian Minister of the Public"...

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02 Jan 2017

Dubai Port Authority plans upgrading Egyptian ports' infrastructure

Dubai Ports Authority (DPA) is set to send a technical mission to Cairo to discuss mutual cooperation in field of developing the infrastructure of Egyptian ports, Industry Minister said Sunday.

Tarek Qabil stated"...

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02 Jan 2017

Sanofi and Boehringer Ingelheim Confirm Closing of Business Swap on January 1st 2017

Sanofi and Boehringer Ingelheim confirmed today that the strategic transaction signed in June 2016, which"......

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02 Jan 2017

UAE Road Safety – 3 wishes for 2017

Coinciding with RoadSafetyUAE’s 3rd anniversary on January 1st, Thomas Edelmann, Founder and Managing Director announces 3 wishes for UAE’s road safety in 2017.


“The single biggest wish RoadSafetyUAE has, is the introduction of the holistic"......

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02 Jan 2017

Egypt’s debts to foreign oil companies hit $3.6 billion – minister

Egypt’s debts to foreign oil companies have reached $3.6 billion, the country’s Petroleum Minister Tarek el-Molla said Saturday.

The numbers are unsteady and volatile according to the foreign partners’"...

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02 Jan 2017

South Korea’s Hyundai Rotem offers soft financing for Cairo metro line

South Korean Hyundai Rotem, part of the Hyundai Motor Group, is offering the Egyptian government a soft financing designated to purchase 64 new trains for Cairo Metro’s third line.

Egyptian Minister of Transport"...

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