The announcement defied analyst expectations, as in July the Egyptian authorities decided to go ahead with slashing fuel subsidies, lifting petrol and diesel prices by about 17-30%.
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New price for octane 80 petrol, diesel set at EGP 6.75, octane 92 petrol EGP 8, LPG cylinder to EGP 65
Online sales in Egypt on Black Friday are 940% more than any other Friday, average purchase amount $87
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EGP 326.8bn for health and education, EGP 301bn for wages, EGP 149bn for food and commodities subsidies
“If applied, will end all previous Arab Peace Initiatives, will also end ‘right of return,’ other related causes,” says Cairo University professor
Deal of the Century to distribute the $50bn between Palestinian Territories with$27.81bn , Egypt $9.16bn , Jordan $7.36bn, and Lebanon $6.32bn
To be launched in 2020, backed by low-volatility assets including bank deposits, short-term government securities
FinTech forefront of financial inclusion in Egypt, we aim to process 2m transaction daily end 2019, says Nagy
Bernhard Schulte Shipmanagement (BSM) said on Friday that its chemical tanker Kokuka Courageous, which was attacked in the Gulf of Oman on Thursday, is being towed toward Khor Fakkan, in the UAE, with its crew back onboard. In a statement, the BSM said that the Kokuka Courageous “was now undertow and headed toward Khor …
“The opportunities in the field of natural gas in Egypt are the most attractive in the world, and they reflect the increasing investor confidence in the Egyptian economy,” Boyan added.
Pundits expect CBE to cut interest rates by year-end
Bank foresees inflation averaging 11.1% in FY 2019/20, further interest rate cuts by CBE
Egypt has been battling several armed groups, concentrated mainly in the Sinai Peninsula
Misr Hytech is a leading breeder and producer of proprietary agricultural seeds in Egypt, and one of the Middle East and Africa’s largest independent seed companies.
GIC winner to receive $60,000 scholarship to enroll in distinctive international program of Singularity University, says Ghaleb
Haftar’s Tripoli offensive could spiral out of control, yet fiscal deficit expected to narrow
The Memorandum of Understanding (MoU) focuses on cooperation in providing safe, convenient, and reliable transport solutions for passengers travelling between major Egyptian cities.
EGP 17bn proceeds of Electricity sector from price increases
Egypt offers promising investments opportunities in energy sector, says Noble Energy chairperson
The Future of Autonomous and Urban Mobility project seeks to advance leading-edge thinking and drive adoption of innovative solutions based on autonomous vehicles and their impact on urban mobility.
IQOS to be launched in Egypt following regulatory approvals, PMM targets all segments of Egyptian smokers, says Abdelnoor