Spare-Parts News
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Egypt seeks prestige, economy boost with 'new Suez Canal'
The official inauguration of the new Suez Canal project will take place on 6 August and will be attended by world leaders.
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Egypt's economy grows 4.7% in first 9 months of FY 2014/2015
The building and construction sector came as the top improving recording growth of 11.8%, followed by the Suez Canal at 7%.
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'Egyptian Industrial Product Preference’ regulation will decrease foreign product imports
The regulation states that the proportion of Egyptian components in industrial products should not be less than 40%.
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Egypt says more than half of conference promises turned into projects
Egypt signed deals worth $36 billion at the conference, Prime Minister Ibrahim Mehleb said at the time.
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French warship arrives in Egypt
Cairo earlier this month received the first three Rafale fighters, ahead of the August opening of an expanded shipping route at the Suez Canal.
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Egypt finishes work on New Suez Canal
The new waterway will be officially unveiled at a lavish event to be attended by Sisi and foreign dignitaries on Aug. 6.
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Al-Ahwani negotiates $ 115m loan with South Korean government
KOICA provided Egypt with a grant worth $ 1m to prepare feasibility studies needed to operate an integrated technological educational complex.
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Ships cross Egypt's New Suez Canal in first test-run
Mameesh said construction of another canal near Port Said port on the Mediterranean Sea would begin as soon as the New Suez Canal had been inaugurated
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Egypt signs update to head of agreement with Eni
Egypt and Eni signed an update to the head of March agreement following the recent discovery of gas reserves of up to 15 billion cubic metres in Delta
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Italy to conduct another mission to Egypt by year's end
Italy's economic development minister announced on Thursday at Expo Milano 2015 that another mission would be conducted to Egypt by the year.
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Egypt's trade deficit grows 52.7% in April
Egypt's inflation accelerated after the government decided to cut subsidies in July 2014, increasing fuel prices by as much as 78 percent.
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Egypt army says it receives first French Rafale warplanes
The spokesman for Egypt's military says it has received the first three French Rafale warplanes ordered as part of a deal last February.
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Egypt to complete new Suez Canal project at end of week
The government will fund the opening ceremony on 6 August through donations from the public and contributions from participating dredging companies.
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Egypt is poorer than other Arab Spring countries
Egypt ranks 109th globally in world’s wealthiest/poorest countries list, with GDP per capita being equivalent to $6,650.
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Egypt, Italy to sign MOUs on energy deals
On a 3 day visit Egyptian Prime Minister will also meet top officials and businessmen on developing new centre for furniture manufacture in Damietta.
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Egypt completes dredging for new waterway in Suez Canal
Egypt planned mega projects to expand the Suez Canal and to build an industrial hub and a supplies and logistics center in the vicinity of the canal.
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Egypt’s economy exceeds expectations in 2014-2015
The Egyptian economy has beaten the most optimistic forecasts during 2014-2015 despite the challenges it faced.
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Concern over European warnings against travel to Egypt
Income from tourism sector, Suez Canal are important for Egypt’s economy to acquire foreign currency.
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Egypt to begin food imports via direct order
No tenders to be issues by the government for certain food, to be directly ordered instead.
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Private free zones’ terms reviewed, new controls to be introduced
Study will be conducted regarding establishing new free zones and attracting investments to current regions, says Salman.