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03 Jan 2017

Egypt to pay $720 million to Paris Club this month

Egypt plans to pay back around $720 million to the Paris Club of creditor countries this month, the central bank announced Monday.

As pursuant to an agreement between the Egyptian government and the Paris Club several"...

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03 Jan 2017

Egypt's bill of importing natural gas hit $250m per month: El-Molla

Egypt's bill of importing natural gas is estimated at around US$250 million per month, Egyptian Oil Minister Tarek El-Molla stated Sunday.

He added that the Egyptian government would continue importing natural gas"...

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03 Jan 2017

Egypt's Tourism Industry Hopes for Resumption of Air Links With Russia in 2017

Egypt hopes for its tourist sector to do better in 2017 after a disappointing 2016, but the sector needs an influx of Russian tourists for a noticeable boost.

CAIRO, January 2 (Sputnik) — Russia suspended flights to and from Egypt after an Airbus A321 plane flying to St. Petersburg crashed in the Sinai Peninsula soon after taking off from Sharm...

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03 Jan 2017

Orange to pay Telecom Egypt LE49 mn for 'Connecting Israeli Phone Calls'

The Economic Court in Egypt issued, on Sunday, a provision requiring Orange Egypt (previously named "Mobinil") to pay LE49.1 million to the Telecom Egypt (TE) company, in compensation for the losses incurred by TE as a result of Orange connecting calls to Israel.

A"...

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03 Jan 2017

Egypt rolls out gasoline smartcard system

Egypt's Petroleum Ministry has said that applying the gasoline smart cards at fuel stations comes within the second phase of the project to control the distribution of petrol and document the consumption rate.

Ministry spokesperson Hamdy Abdel Aziz said that applying"......

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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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