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ITFC to implement $3b framework agreements to support Egypt

The International Islamic Trade Finance Corporation (ITFC) has announced the signing of two new Agreements between ITFC & the Government of the Arab Republic of Egypt represented by the Egyptian.

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Egypt, China sign 3 contracts at $1 bn investment

On the sidelines of President Abdel Fattah al-Sisi’s visit to China, three contracts were signed on Sunday evening with large Chinese companies for investments around US $1 billion, to be.

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Egypt’s Sisi says ‘Cairo can benefit from China’s economic successes and expertise’

Egyptian President Abdel-Fattah El-Sisi said during a visit to the Chinese Communist Party Academy in Beijing that Cairo highly commends China for its successes in construction and development, and called.

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World Bank’s IFC, Egypt sign deal to support Africa start-ups

The World Bank’s private sector arm has signed on Thursday an agreement with Egyptian government aimed at supporting young entrepreneurs and start-ups in Africa to drive innovation and economic growth..

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Egypt’s president appoints first-ever Christian woman as governor

Egypt’s President Abdel-Fattah el-Sissi has sworn in several new provincial governors, including the first-ever Coptic Christian woman to hold the position. Manal Awad Mikhail was appointed governor of Damietta province.

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Egypt’s Environment Ministry to establish crocodile farm at Lake Nasser

Egypt’s Environment Ministry will begin investing in crocodiles by raising them at a 160 acre farm near Lake Nasser, in cooperation with the National Company for Fishery & Aquaculture and.

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Egypt’s NBE bank targets $2.5 bln external loans in FY2019

National Bank of Egypt (NBE) is looking to raise its foreign debt by $1 billion to reach $2.5 billion in financial year 2018/2019, vice chairman Yehia Abu Al Fotouh said..

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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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