Most Recent News

Egypt pumps 100 bln pounds into social housing projects

Egypt had injected around 100 billion Egyptian pounds ($5.6 billion) to date on the low-income citizens’ residential units within the framework of the social housing project. Egypt provides residential units.

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US Apache firm plans to invest $1 bln annually in Egypt

Minister of Petroleum Tarek el-Molla has discussed with John J. Christmann, the Chief Executive Officer and President of US Apache Corporation, means to expand the company’s exploration activities in Egypt..

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Egypt’s Finance Ministry considers issuing LE2 coin category

The Finance Ministry announced in a press statement on Tuesday that it is considering a new coin currency equal to two pounds to ease change issues, which would better facilitate.

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Egypt introduces improved financial reporting system for agencies

The finance ministry of Egypt has started the implementation of a new system to monitor state agencies’ financial transactions. The Government Financial Management Information System, which is part of the.

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Egypt Aims For Natural Gas Dominance In The Mediterranean

The natural market gas in the Eastern Mediterranean is in full ebullition – with Egypt determined to be the center of this regional marketplace. The country faces challenges, including maintaining.

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Egypt Ministry of International Cooperation licenses single-shareholder companies

The Minister of Investment and International Cooperation Sahar Nasr signed the regulatory framework for licensing single-shareholder companies, according to a ministry statement on Wednesday. Nasr stated that the sole proprietorship.

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Egypt’s central bank expected to hold rates as it eyes inflation

  Egypt’s central bank is expected to keep interest rates unchanged at its next policy meeting and hold back on more rate cuts this year until inflation steadies, a Reuters.

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Tunisia, Egypt to promote mutual trade relations

Egypt and Tunisia have agreed to promote joint trade relations and remove all of the challenges facing the flow of trade exchange and joint investments between the two sides. Both.

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Egypt to reduce public debt to 92% of GDP in FY 2018-19

Egyptian Finance Minister Mohamed Ma’it said the country will reduce its public debt to 92 percent of the GDP in the budget of the current fiscal year 2018-2019, state-run Ahram.

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Consumer durable goods imports to Egypt increase 57% in 5 months

Egyptian imports of consumer durable goods increased by 57 percent in January-May 2018 to record $ 2.122 billion compared to 1.35 in 2017. According to state’s foreign trade statistics, imports.

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