Russia, Egypt to sign agreement to establish Russian Industrial Zone on Wednesday
Russia and Egypt will sign an agreement to establish a Russian Industrial Zone in Egypt next Wednesday, during the joint governmental meeting that will be held in Moscow, according to…
Beltone downplays Moody’s short-term debt concerns
Beltone, expects that Egypt to continue the current trend depending on the external debt market to benefit from restoring investor’s confidence, according to a research note released by the firm.…
Benefits of economic reform in Egypt are outstanding: HSBC’s chief economist for CEEMEA
We remain fundamentally optimistic regarding our economic expectations for Egypt in near future: Williams
ABE aims to become largest small projects bank in Egypt: chairperson
We are racing against time to completebank’s restructuring process, prepare it to take on a bigger role in serving national economy across various fields: Elkosayer
China lands nuclear strike capable bombers on disputed South China Sea island
The Chinese air force has for the first time landed several bombers on a South China Sea island. The move could fuel tension in the region amid concern that Beijing…
South Sudan: More than 200 child soldiers released, UN says
The UN says armed groups in South Sudan have released more than 200 children who have been serving as fighters. The children’s agency UNICEF estimates that there are some 19,000…
IMF completes Egypt’s third review mission, agrees to disbursement of $2bn instalment
The International Monetary Fund (IMF) delegation has reached a staff-level agreement—subject to approval by the IMF’s Executive Board—on the second $2b tranche disbursement of the $12bn loan, bringing total disbursements…
CBE maintains interest rates in the wake of rising oil prices
The Central Bank of Egypt’s (CBE) Monetary Policy Committee (MPC) decided to maintain interest rates at their current levels, according to a statement issued by the CBE on Thursday. On…
Lantern handicraft fights to survive
For hundreds of years, Ramadan has been connected to lanterns in Egypt. Weeks ahead of the start of the holy month, streets become filled with vendors selling lanterns of…
Happy Ramadan for Zamalek!
Only 24 hours before the month of Ramadan, Zamalek SC and fans celebrated on Tuesday the winning of its 26th Egypt Cup title after beating Smouha SC 5-4 on penalties.…