Trade News
-
Germany to allocate Є100m development cooperation to Egypt: Ambassador
German companies need additional information about the investment climate from the Egyptian government to determine their position in participating in the economic summit: Hansjörg Haber
-
Egypt's Qalaa sells 80 pct stake in investment bank Pharos
Qalaa narrowing its focus on energy, transport, agrifoods, mining and cement and has been gradually divesting holdings outside of that core
-
Output and new orders of private companies decline: HSBC
Lower demand contributed to output, the bank stated.
-
Study: Egyptians lowest on life satisfaction and hope for the future
Pew survey: Egyptians tend to be among the least satisfied with every aspect of life asked about.
-
Egypt's central bank governor sees currency black market ending "soon"
The bank's moves to narrow the gap between the official and black market rates begin to bear fruit.
-
IDB unit extends Islamic reinsurance for Apache's Egypt projects
$80 million worth of sharia-compliant reinsurance to cover political risk for oil and gas projects in Egypt.
-
Egypt to present 30 investment projects worth $20bn at Economic Summit: Investment minister
Egypt will continue to develop despite the insistence of certain parties to cause devastation, says PM.
-
Egypt: Central Bank to auction $856.3m in treasury bills
The Treasury bills are scheduled to be offered in two installments.
-
'Future of Energy in Egypt' conference to be held 17 February
The day-long conference will address Egypt's growing energy crisis and attempt to find solutions appropriate to Egypt's developmental needs.
-
Conference supporting Egyptian economy to be held in Kuwait
Preliminary conference to be held in last week of February for two days in Kuwait to discuss and present investment opportunities in Egypt.
-
Wheat for Egypt stuck at Russian ports
The Russian government was forced to curb exports with informal limits and announced an export tax effective February 1.
-
Dollar’s unofficial market still precedes official by EGP 0.16
$1 is EGP 7.59 on official market, EGP 7.75 on black market.
-
Cypriot firms invited to bid for large projects in Egypt
The cooperation includes the use of Cyprus as a link between Egypt and the EU.
-
Egypt boosts BLOM’s profits in 2014: Azhari
Azhari said that the lender’s conservative policy was one of the reasons that allowed BLOM Bank to maintain the same profits or increase them.
-
US dollar rise to stop at EGP 8 before Economic Summit: FEI head
Reducing the gap between the official price and black market price will bring more dollars to Egypt, El Sewedy says.
-
Egypt, Jordan sign contract for electric power exchange in 2015
The two countries are hoping to repair their national electricity grids.
-
Egypt central bank widens band in which banks can trade dollars
The band moved to 10 piasters above or below the official rate, up from 3 piasters.
-
Partnership deal in Egypt for UAE law firm Al Tamimi
The UAE has delivered several billion dollars’ worth of aid to Egypt in the past 18 months.
-
Ties with Egypt to strengthen in coming months: Indian diplomat
A high profile delegation from India will come to Egypt to take part in the economic conference.
-
Emaar Properties Targets Q2 For $270m Egypt Unit Float
Emaar Misr has a portfolio of investments in Egypt worth around 53 billion pounds.