Business
Expected interest rate cuts to positively reflect on direct investment indicators end-2020: Pharos
CBE likely to decrease interest rates by 2-3% over next months in 2019, says Radwa El-Swaify
CBE to resume its monetary easing cycle in 4Q2019: Fitch Solutions
Future interest rate cuts to ease government's debt service burden, say economic experts
Banking
CBE issues import, export standards on foreign banknotes surplus
Egypt’s net foreign reserves rose by $565m to $44.916bn end-July
Mashreq Bank – Egypt launches mortgage finance initiative to support low-income groups
CONIA interest rate benchmark comes into force
Banks operating in Egypt celebrate International Youth Day
CBE reveals Egypt’s economy external position
Real Estate
Housing Ministry’s investments in New Aswan reach EGP 1.2bn over 6 years
The ministry has built 3,120 social housing units in the city, besides other 3,600 units under...
SODIC reports EGP 2bn revenues in 1H19, a 92% growth
MNHD revenues record EGP 1.089bn in 1H 2019
El Shams Housing to start construction of Solana project in NAC end-August
Energy
Mineral sales increase to $740m in FY 2019/20
State revenues from mining activities increase to $60m, says source
14.5% increase in electricity selling tariff from NREA projects
Zohr’s gas production hits 11.3bn cm mark in 1H19: Rosneft
Russian nuclear-powered missile blast will not affect Dabaa project’s timetable
Industry
Online industrial investment map to be launched within 2 months: IDA Chairperson
Map to show land prices, required documents, allow purchase requests online, says Ghazi
Kuwaiti ambassador aims to establish new industrial partnership with Egypt
Belarus proposes roadmap to cooperate with military production ministry in industrialisation
Egypt’s industrial production value increases by 27.6% in Q3 of 2018
Trade
Egypt allocates EGP 6bn to stimulate exports in FY 2019/20
Country's non-oil exports record $13.037bn in 1H19, says GOEIC
24.6% decline in Egypt’s trade deficit in May
Egyptian business delegation to visit Ghana in September to promote exports
Egypt’s exports to France hike by 49% in 2018: EDA
Egypt’s auto market witnesses new wave of price cuts as automakers introduce 2020 models
Up to EGP 200,000 price cuts on 2019 car models, cashback rewards rolled out by many companies
Tourism
Sharm El-Sheikh, Hurghada to witness RevPAR growth of 39% & 29%, respectively in 2019: Colliers
Cairo, Alexandria to achieve occupancy rates of 79%, 84%, respectively in 2019
Egypt releases new promo video showcasing ‘hidden gems’ in new tourism drive
Visiting Egypt as a tourist in 2019
Marina, Ministry of Youth to sign water sports cooperation protocol
Technology
Match Group acquires matchmacking Harmonica app
Match Group announced that it acquired Cairo-based Harmonica, a matchmaking application.
