Year: 2016

8.4% increase in manufacturing index during October: CAPMAS

The manufacturing index (without crude oil and petroleum products) increased to 128.7…

Hossam Mounir Hossam Mounir

Political parties demand swift implementation of controversial cybercrime bill

Supporters of the bill claim that it will limit the activities of…

Daily News Egypt Daily News Egypt

Egypt to receive 2nd tranche of African Development Bank loan

On Monday, the Minister of International Cooperation Sahar Nasr signed an agreement…

Hisham Salah Hisham Salah

Muslim Brotherhood’s sympathy with executed militant reflects support for terrorism: Foreign Ministry

Brotherhood previously used charges against Habara to clear the group’s name in…

Amira El-Fekki Amira El-Fekki

Electrolux Egypt raised prices by 20-25% after flotation

Local components in heaters increased from 70% to 90%

Abdel Razek Al-Shuwekhi Abdel Razek Al-Shuwekhi

US dollar surpasses EGP 19 at CBE to hit highest rates since flotation

The US dollar price at the Central Bank of Egypt (CBE) and…

Hossam Mounir Hossam Mounir

Careem becomes MENA’s second unicorn, raises $350m

  Ride-hailing app Careem announced closing an initial investment round of $350m,…

Daily News Egypt Daily News Egypt

EGPC poses tender to replace Aramco fuel shipments in January

The Egyptian General Petroleum Corporation is set to pose a tender to…

Mohamed Adel Mohamed Adel

Siemens to test 4 units of Beni Suef power plant next week

The German company Siemens will conduct test runs on four electricity production…

Mohamed Farag Mohamed Farag