Trade News
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Egypt drops to 47th in brand ranking in 2014/2015: Bloom Consulting
Significant decline noted in country’s online performance.
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Developments around Egypt's ports and Suez Canal
The paper highlights and analyses the importance of the most significant mega projects currently underway around Egypt's ports and Suez Canal.
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Egypt's draft budget slows fiscal reform, a credit negative: Moody's
The government also targets a debt-to-GDP ratio of 80-85 percent by FY 2018/19 after soaring to 97 percent in FY 2013/14 on the back of Gulf aid.
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Egypt to host 3rd session of Arab European business summit in November
He added that the summit aims to integrate Arab and European investors with international companies, technology exporters and modern management ways.
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National Bank of Egypt picks banks for potential benchmark bond
The Egyptian government returned to the international debt market this month after a five-year hiatus due to political and economic instability.
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Egypt to double export subsidies: MENA
The current fiscal year has seen the implementation of the first stage of a five-year plan to lower electricity subsidies by 67 percent to LE9bn.
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Egypt receives fast missile navy vessels from US
Egypt receives aid worth $1.5 billion from the U.S. since 1979. This included $1.3 billion in military aid.
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Egypt: Sisi, CBE Governor Review Efforts to Provide Foreign Exchange
They discussed measures adopted to eliminate currency dealing on the black market.
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Motivational industrial strategy to advance public business sector: Investment Minister
The strategy includes professional ideas that achieve economic gains for the state by utilizing the company's potentials.
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Egypt draft 2015/2016 budget projects 9.9 pct deficit, 5 pct growth
The draft budget projects 49% of total public expenditure on social programs and a 12% increase on the current fiscal year.
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UK invites Egypt's Sisi, state media say, day after Mursi ruling
Cairo is seeking foreign investment to rebuild its economy after years of political turmoil.
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French companies interested in Egypt, undeterred by attacks: Business delegation
The head of the French delegation expressed faith in President Abdel-Fattah El-Sisi for having a his 'leadership and clear direction'.
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Egypt, France 2014 trade exchange valued at $2.6m
Volume of France’s investments in Egypt stands at approximately €7bn.
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Tripartite meeting to be held in Cairo to discuss findings on Ethiopia's Renaissance Dam impact
The consultancy firms started their studies on the impact of the dam in April 2015.
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Egypt says New Suez Canal to open August 6, eyes economic boost
The government plans to build an international industrial and logistics hub near the Canal; it's expected to make up 1/3 of the economy.
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Egypt's GASC buys 180,000 tonnes Russian, Romanian wheat
Egypt's state grain buyer said on Friday it had bought 180,000 tonnes of Russian and Romanian wheat in a tender for July 11-20 shipment.
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BRIEF-Theraclion announces first Echopulse sale in Egypt with AB Care
Theraclion SA announces first sale in Egypt and over 100 leads from German and Italian congresses.
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Egypt's annual core inflation accelerates to 8.14% in May: CBE
Annual headline inflation rose to 13.11 percent in May from 10.96 in April, the highest since 2010.
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Egypt’s Status as Emerging Market Safe, For Now
Egyptian stocks are down more than 3% this year, after rallying some 30% in 2014.
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Egypt signs African FTA agreement, ratification awaits parliament
The agreement for the FTA accounts for $1.2 trillion, more than half of Africa's GDP.