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04 Aug 2016

Foreign trade volume of Egypt records $7bn in five months- CAPMAS

The volume of Egypt's foreign trade with other states reached 61.8 billion Egyptian pounds (US$6.9 billion) in May 2016 versus 67 billion pounds a year earlier, sagging by 7.8 percent.

The monthly statistics on foreign trade released by Central Agency for Public Mobilization and"...

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04 Aug 2016

Egypt’s external debt to climb to 21.8% of GDP in 2020: FocusEconomics

Egypt’s external debt is expected to climb to 21.8% of GDP in fiscal year (FY) 2019/2020, registering $82.2bn, according to a FocusEconomics Consensus Forecast report.

The FocusEconomics Consensus Forecast report for the Middle East and North Africa for August 2016 indicates"...

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04 Aug 2016

Increase in hotel occupancy in Cairo, Alexandria reflects change in tourists’ views of both cities

Cairo and Alexandria hotels registered the highest levels of demand compared to other tourist destinations in the Middle East and North Africa region, according to a report by Colliers International.


Workers"...

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04 Aug 2016

Oriental Weavers invests EGP 100m to expand production capacity in H2 of 2016

The company Oriental Weavers plans to inject EGP 100m in investments during the second half of 2016 to expand its production capacity. The company aims to add seven new looms after its merger with Rozatks Modern Spinning and Weaving Company, bringing the total capital expenditures to $14.5m"...

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04 Aug 2016

Egyptian Competition Authority accepts reconciliation with Telecom Egypt

The Egyptian Competition Authority (ECA) board accepted the reconciliation request submitted by Telecom Egypt, regarding its violation of Article 8 of the law on the Protection of Competition and Prohibition of Monopolistic Practices.

The company partly disconnected companies in the"...

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04 Aug 2016

Ethiopia: Government of Egypt, People Donates State of Art X-Ray Machine

The people and government of Egypt yesterday donated a state of art X-ray machine for Ethiopian Cardiac Centre, Tikur Anbessa Specialized Hospital and and St. Paul Hospital.


Ambassador"...

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04 Aug 2016

Myriad challenges face Egypt's theatre practitioners outside Cairo

Minimal budgets, lack of space and censorship are top among a long list of challenges faced by theatre makers outside the capital. Ahram Online talks to directors of troupes from across the country.

The ongoing National Theatre Festival that runs between 19 July and 8 August offers"...

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04 Aug 2016

Egypt donates computers, printers to ECZ

EGYPT has donated information technology equipment to the Electoral Commission of Zambia (ECZ) in readiness for the general elections next week.
Egyptian Ambassador to Zambia Ragai Nasr said the donation was aimed at building resources to be used by the ECZ to handle the elections.

“We are confident that the ECZ is ready to work and guarantee...

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04 Aug 2016

Egypt's cabinet approves a bill to support, regulate one-person companies

The Egyptian Cabinet approved Wednesday a draft law allowing individuals to launch one-person companies without the need for more employees, Tareq Qabil, the Minister of Trade and Industry, said in a press conference.


"...

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04 Aug 2016

Egypt pushing law streamlining church construction amid anti-Christian violence

Egypt's three main Christian denominations have approved a draft bill that could help ease restrictions on building churches, amid a spike in sectarian assaults against Christians.


The"...

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