Trade News
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Egypt to offer projects worth USD 35 billion during conference
Egypt's budget deficit reached 12% since 2013 and it received USD 20bn from Gulf countries.
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Egypt external debt decreases to $41 billion
The bank is committed to paying about $2.4 billion in external debt during 2015.
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Orascom Construction offers 11 pct of shares in $185 mln IPO
Orascom said the stock would be offered in two tranches, with the first closing on Thursday.
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Egypt to promote $10 bn worth of petroleum projects at March conference: Ministry
The government hopes to attract massive investments in oil, LPG lines and petro-chemicals to jolt a faltering economy.
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Egypt’s foreign reserves up by $27m in February
Egypt Foreign reserves were affected by repaying debts.
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Egypt: Oil, gas debt to be settled late
Egypt aimed to fully repay its $3.1 billion (R36.2bn) debt to foreign oil and gas companies by the middle of next year.
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Egypt's Economy Needs USS60 bln to Hit 5% Growth- Sawiris
Sawiris family is planning to invest in solar power.
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Shapoorji Pallonji group plans 50 MW solar project in Egypt
Egypt is expanding the use of renewables to respond to energy crisis.
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Egypt: Cabinet approves new investment law
The draft law is now awaiting the President's approval.
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Egypt to double FDI this fiscal year
The economic conference will play a major role.
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Egypt’s budget deficit increased by 32.9 percent in six months
The main reason is the decrease in grants from Gulf countries.
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Egypt looks forward to 2015
IPO activity to increase; GCC private market transactions seen to gain traction.
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Egypt's Pioneers beats Lactalis in bid to acquire Arab Dairy
Pioneers is set to buy a 60.19 percent share in Arab Dairy to raise its share in the company to 100 percent.
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Egypt GASC negotiates lower prices for tender in Egyptian pounds
Results for the tender, which GASC announced on Feb. 12 are expected Monday.
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Egypt's central bank sells $420 mln in interbank market
The sale was made to meet outstanding demand for staple commodities, raw materials and pharmaceuticals.
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Above The State: Multinational Corporations In Egypt
ECESR released a report about the framework of operation of MNCs in Egypt. Does it leave MNCs above the state?
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Egypt: Investment Minister - Egypt Further Opens Its Market to Investors
Salman also held roundtable meetings with a number of economic entities.
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Egypt to construct dam in South Sudan
Egypt boycotted NBI meetings in 2010 after five NBI members signed the Entebbe Agreement which seeks to re-allocate the Nile water.
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Egypt could raise up to $2 bln in Eurobond issue
Dimian: In three years' time we will be north of 6.5 percent, approaching 7 percent.
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Egypt's Sawiris offers to acquire 53% of Euronews
Exclusive negotiations between the Euronews supervisory board and Sawiris are ongoing.