Egypt is keen to activate the European Free Trade Association (EFTA) agreement signed between Egypt and EFTA states: Minister Nevine Gamea
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Egyptian Food Bank won Middle East Institute Visionary Award for work in combating effects of COVID-19 in Middle East
Total of 48 public enterprise sector companies lost EGP 60bn in past few years, says Minister Hisham Tawfik
Residential sales grew by 19% driving y-o-y sales growth despite challenging year
They discuss removing obstacles that hinder flow of goods between two countries such as customs, taxes
Company partnered with Egypt Learning Group to introduce HaileyBury School in iCity October with investments worth EGP 500m
Egypt’s Minister of Social Solidarity Nevine El-Kabbaj witnessed the signing of an agreement relating to the ‘Support to COVID-19 Response’ project, which will provide Egypt with €6m over three years.
Talks covered developments in establishing Egyptian industrial zone in Sudan, re-operating Egyptian Commercial Center in Khartoum
The African Development Bank (AfDB) and the European Investment Bank (EIB) signed, on Wednesday, a joint partnership action plan highlighting their strengthened cooperation and mutual development priorities. The partnership also aims to showcase a strong shared emphasis on boosting public and private sector investment in Africa. The Joint Action Plan enables both institutions to grow …
Group increases financing to €77bn to combat COVID-19, climate crisis in 2020
Country starts domestic manufacturing of some production requirements instead of importing them
Afreximbank will facilitate payments through advance procurement commitment guarantees of up to $2bn to manufacturers
Local component in electric cars projected to be 58%, says El Nasr Automotive CEO
Egypt is pivotal player in African trade system, says AfCFTA’s Secretary General
1,069 companies benefit from lump-sum payment initiative to settle export subsidy dues before 2021, says Minister Maait
Price increases will appear in conjunction with market rebound, return of real demand for property during coming period: Pundit
Project is targeting total of EGP 600m in sales
Egypt’s engineering exports increased by 8% to $1.340bn in the first half (H1) of fiscal year (FY) 2020/21, compared to $1.240bn during the same period of FY 2019/20.
Rolling mills in Egypt are currently suffering from low availability of iron billets production locally. The hiccup in supply has forced factory closures due to their commitment to workers, as well as their bank obligations that require them to fulfil a guarantee of factory operations. Tarek El-Gioushy, member of the Chamber of Metallurgical Industries at …
Bank’s presence in Africa could enhance Egypt’s trade, industrial, and investment cooperation with other countries in continent
Egyptian businesspeople give Addis Ababa six months to end crisis before resorting to international bodies
China provides medical aid to 53 African countries as they battle COVID-19
Imminent increase in prices of imported goods driven by concern over increasing export rates with upsurge in costs
Egypt prepares for its largest contribution at Khartoum International Fair on 21-28 January
Egyptian economy has been heavily disrupted by coronavirus pandemic. However, it avoided contraction thanks to previous government reforms, says World Bank
A total of 1,336 communications sector companies, worth a combined EGP 1.34bn, were established in fiscal year (FY) 2019/20, according to Sherif Makhlouf, head of the Egyptian Junior Business Association’s (EJB) communication committee. According to the committee’s annual report for 2020, the number of mobile phone subscribers increased by 0.8% to 96 million in October …
Programme saves 50% of money spent on traditional fuels, provides better income for taxi and microbus drivers, and decreases air pollution: Nevine Gamea
Egypt’s first “Go Green Exhibition”, highlighting the conversion of vehicles to clean energy and replacement technologies, will kick off on Monday at the Egypt International Exhibition Center (EIEC).
Eastern Developments intends to launch its new Genova residential project, located in Sheikh Zayed, with investments worth EGP 3bn this month. Eastern Developments Chairperson Mohamed Talaat Abu El-Nasr said that the project is spread over an area of 20 feddan, and that the project masterplan has had all approvals issued. At a press conference on …
Although 2020 was a difficult year for all economic sectors, Egypt’s real estate market has managed to absorb the repercussions of the novel coronavirus (COVID-19) pandemic.