Latest Economy News
Egypt at risk of further credit rate downgrading
Fitch Ratings: Egypt is not expected to receive the IMF loan unless…
Second container terminal in Ain Sokhna Port ready by end of month
EGP 5bn worth of investments will be used to construct the terminal
IMF loan will not be included in next year’s budget
Budget will not take into account the loan or other international aid…
Government to switch to open source
Decision motivated by need to reduce government technological expenses and software imports
Sinai Development Agency proposes land sales to Egyptians expats
The Sinai Development Agency is considering a plan to sell land in…
Mokhtar Ibrahim not awarded rights to a Cairo sewage maintenance programme
The Qatari government has refused to grant Egyptian Contracting the rights to…
Second stage of ‘Nation House’ programme for Egyptian expats launched
The programme will sell and distribute some 5,000 plots of land to…
