Trade News
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Egypt hosts annual meeting of financial regulators from emerging markets
Forty financial regulators will discuss how to develop derivatives, ETFs and bond markets within their countries.
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Large-scale cooperation between Belarus, Egypt
Belarus and Egypt are connected by multipurpose and large-scale cooperation.
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IDB Seeks Egypt Repayments Before New Islamic Debt Is Issued
Egypt will need to complete projects and start repaying loans if it wants more funds from the Islamic Development Bank.
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Egypt's Eastern Co 9-month net profit up 19 pct
Egypt's top cigarette maker's nine-month net profit rose by 19.4 percent compared with the same period last year.
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Ending Egypt's currency black market brings new challenges
Egypt's currency black market, a thorn in the side of successive governments, has virtually disappeared in the past two months following a central bank crackdown.
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Romania eyes $1bln Trade Exchange with Egypt at end- 2015 - Ambassador
Romania is targeting increasing its volume of trade exchange with Egypt to hit US$1 billion by the end of 2015.
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6 banks request Citibank Egypt retail business acquisition
Applicants include CIB, Abu Dhabi Islamic Bank, Emirates NBD and Mashreq Bank.
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Egypt, Indonesia trade exchange increases by 21%
Meanwhile Egypt’s imports from Indonesia include chemicals and fertilisers, readymade clothes, weaving and textiles, furniture, leather products and others.
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Egypt's Sisi approves $500 mn World Bank loan to expand natural gas grid
Earlier this month, the government signed a $400 million loan with the Bank for a pension welfare project which currently benefits 1.5 million poor Egyptian families.
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Egypt Central Bank Keeps Benchmark Interest Rate Unchanged
Egypt’s annual urban inflation accelerated to 11.5 percent in March from 10.6 percent a month earlier, while core inflation stood at 7.21 percent.
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Egypt receives $6 bln from Saudi Arabia, UAE, Kuwait: cenbanker
Saudi Arabia, Kuwait, the UAE and Oman jointly pledged $12.5 billion in aid, investments and central bank deposits at a March investment conference in Egypt's resort town of Sharm el-Sheikh.
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Egypt to launch new grain storage system next week: Minister
The government signed an agreement with Blumberg Grains in December to replace 93 local wheat barns with food security technology and systems at a cost of $28 million.
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Egypt’s Railway Authority’s 2015/2016 budget may reach EGP 12.8bn
The investment plan will be the authority’s largest and would focus on the much-needed revamping of run down facilities.
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Egypt requests new $ 300m World Bank loan for health sector
Egypt will receive loan in May and loan repayment period will be between 25-30 years, says Kouchouk.
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Egypt's foodmaker Edita signs $12 mln contracts with Hostess Brands
CEO: Edita is targeting sales of more than 2.5 billion Egyptian pounds in 2015.
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Egypt to issue Eurobond by end of May: minister
Aiming to raise $2bn to help reduce the state budget deficit, Egypt's government will issue international bonds starting at the end of next month
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Egypt central bank to hold rates after inflation pick-up -survey
Critically low foreign currency reserves and a fluctuating exchange rate have also dogged the Egyptian economy since a 2011 uprising.
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Egypt's GASC buys 300,000 tonnes of wheat
Minister of Supplies had said stock of wheat is enough till the end of May.
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Egypt to impose 8 pct import tariff on steel rebar
Egypt's major steelmakers had petitioned the government to impose anti-dumping measures on rebar and wire rod imports.
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EU supports post-Sharm El-Sheikh investments in Egypt
The plan includes promotion rounds in Milan, Greece and Barcelona.