Al-Sisi pledges to construct large church in new capital
Pledge to build a large church alongside a mosque meant as a symbol of respect among Egyptians
IMF deal eases Egypt’s market pressure along with other frontier markets: Fitch Ratings
IMF support has played an important role in reducing external liquidity risks, medium-term default risks in Egypt, and several frontier markets that entered into new programmes in 2016, according to…
Religious Endowments Ministry prepares sermon topics for the next five years
The ministry has identified 54 subjects to be addressed during the coming years’ Friday sermons
293 ships transit the Suez Canal in 6 days carrying 15.3m tonnes
Suez Canal traffic data showed that 293 ships transited the canal, with a total load of 15.3m tonnes, in the last six days of last week. An average of 48.83…
Electricity Ministry to announce winners of smart metres tender by end of January
The Ministry of Electricity is set to announce the companies that have won the tender to supply 250,000 smart metres by the end of January. El-Husseiny El-Far, a member of…
EETC postpones opening envelopes for Egyptian-Saudi electrical interconnection cables and transformers tender to next month
The Egyptian Electricity Transmission (EETC) intends to postpone the opening of the technical and financial envelopes presented by companies for the tender of the Egyptian-Saudi electrical interconnection cables project and…
PetroSilah invests $55m in 2016/2017 for petroleum exploration
The company plans on increasing crude oil production to 12,000 barrels per day, says Abdel Rahim
Government borrows EGP 1.121tn through bills, bonds during 2016
Ministry of Finance intends to borrow EGP 299.019bn from banks in Q1 FY2017
EGX30 targets 13,100 points this week
Technical analysts predicted that the Egyptian Exchange (EGX) will continue to take advantage of the falling price of the pound, and aims to achieve a new record level near 13,050-13,100…