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26 Feb 2017

Britain agrees $150 million loan guarantee to Egypt on visit

Britain on Saturday finalized a $150 million loan guarantee to Egypt, where Boris Johnson was on his first visit to the country as Foreign Secretary and as a human rights organization urged him to speak about what they described as 'appalling' abuses.

In"...

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26 Feb 2017

EGTAK renews insurance cover deal for United Bank of Egypt’s assets

Egyptian Takaful Property and Liability Insurance (EGTAK) has renewed an insurance coverage agreement with the state-run United Bank of Egypt for the third consecutive year.

According to the agreement, the United"...

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26 Feb 2017

Egypt’s budget coming under control: Top banker

Egypt will receive in March the second $1 billion tranche of a $3 billion World Bank (WB) loan aimed at supporting a government economic reform program, central bank Gov. Tarek Amer said late on Friday.
The country has been negotiating billions of dollars in aid from various lenders to revive an economy hit by political upheaval since a 2011 revolt and to...

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26 Feb 2017

Egypt to receive second tranche of World Bank loan in March

Egypt will receive in March the second $1 billion tranche of a $3 billion World Bank (WB) loan aimed at supporting a government economic reform programme, Central Bank Governor Tarek Amer said late on Friday.

The country has been negotiating billions of dollars in aid from various lenders to revive economy and to ease a dollar shortage.

Facing...

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26 Feb 2017

Egypt's Suez Canal generates $395.2 mln in January revenue

January’s receipts declined slightly compared to the month before when it increased to $414.4 million

Egypt's revenues from Suez Canal trade declined in January to register $395.2 million compared to $434.8 million in the same month last year, according to data from the Suez Canal"...

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26 Feb 2017

Afreximbank considers new loans to Egypt

The African Export-Import Bank (Afreximbank) is studying a number of loans for Egyptian investors as well as banks and financial institutions in the country worth $1.2 billion and $500 million, respectively.

Heba"...

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26 Feb 2017

ITIDA launches seventh “Export IT”

The Information Technology Industry Development Agency (ITIDA) has launched the seventh session of the Egyptian exports support programme, “Export IT,” which includes several information technology (IT) products and services.

The agency has called upon Egyptian companies that"...

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26 Feb 2017

Travelers to Egypt Face a Doubling of Its Visa Fee

Egyptian airport officials say that authorities are more than doubling the cost of entry visas for foreign visitors starting next week.

The officials said Friday that foreigners will have to pay ...

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26 Feb 2017

The resurrection of the U.S.-Egyptian partnership

The Trump White House is steering U.S. Mideast policy into a new direction. For example, there are serious contemplations to designate the Muslim Brotherhood as a terrorist organization, a clear shift away from President ...

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26 Feb 2017

First 2017 death from bird flu in Fayoum: Health Ministry

A 48-year-old Egyptian man has died from the H5N1 strain of bird flu, the Health Ministry said on Saturday, the first victim of the virus this year.

The head of Fayoum Heath Directorate Hisham al-Shennawy said Saturday"...

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