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Trade exchange between Egypt, Greece records €1.8bn in 2018
The trade exchange between Egypt and Greece increased in 2018 by 37.5%, reaching €1.8bn, compared to €1.3bn in 2017, the Minister of Trade and Industry of Egypt, Amr Nassar, stated on Wednesday. He continued that Egypt’s exports to Greece increased by 15.3% over the past year, reaching €640m, up from €555m in 2017. His remarks …
Bank Audi plans to open nine new branches in Egypt
Bank Audi plans to expand its footprint in Egypt in 2019. As part of Audi’s nationwide branch expansion plan, nine new branches will be inaugurated in strategic locations mostly outside Greater Cairo to cover more governorates and to reach more diversified segments of customers. Driven by uncompromising mission to offer the best banking services and …
UN, Egypt discuss activation of $1.2bn funding deal till 2022
Egypt plays an international, regional strategic role, says UN deputy secretary general
Russia, Egypt sign agreement on uranium supply to 2nd research reactor in Inshas
Russian state nuclear corporation Rosatom’s subsidiary TVEL has signed with the Egyptian Atomic Energy Authority (EAEA) a contract to supply the ETRR-2 research reactor in Egypt with uranium components for low-enriched nuclear fuel produced by the Novosibirsk Chemical Concentrates Plant. The ETRR-2 is used at the National Center for Atomic Research in Inshas city in …
Netherlands to launch its water, food security programme in Egypt
Programme aims to build upon longstanding relation with Egypt in water field
Settlement of Egypt-Israel natural gas arbitration getting closer: Israeli Energy Minister
The international arbitration case between Egypt and Israel over natural gas trading could be resolved in the upcoming months, Israel’s Energy Minister Yuval Steinitz said on Sunday. Steinitz told Reuters that a final understanding is already established, and what’s left is the approval of the Israeli electric authority and maybe also of someone on the …
World Bank shows interest in cooperation with Egypt to boost growth
Egypt is head of African Union, pioneers way Africa can work together, says Malpass
Egypt supports will of Sudanese people after overthrow of Al-Bashir
Egypt supports the Sudanese people’s choices in building the future of their country, the foreign ministry said in a statement on Thursday. This came after President Omar Al-Bashir, who has been in power for 30 years, was overthrown by the armed forces following months of protests. “Egypt is following closely and with great concern the …
Egypt, US ties have never been better: Trump
Al-Sisi discusses regional issues, Palestinian cause with Pompeo, Kushner
Egypt’s economic growth to record 5.5% in 2019: IMF
Washington, DC – Egyptian economy will grow by 5.5% this year, the International Monetary Fund (IMF) said in its World Economic Outlook (WEO) April 2019, unchanged from its expectations in October 2018. Further, the IMF expected that the country’s economic growth will reach 5.9% in 2020. However, Egypt’s economic growth forecast was estimated at 6% in …
Egypt’s last days of mandarin season
As winter bids farewell to Egypt, leaving the space to spring, the Egyptians let go of one of their most favourite winter fruits, which is mandarin. The orange-lookalike fruit is considered one of the closest fruits to Egyptians’ hearts which almost all people anticipate its arrival. Cultivated locally, mandarin is considered one of the top …
On sidelines of Al Sisi’s visit to US: Egyptian success, American resentment
Egypt will not accept pressure regarding diversifying its weapons’ sources, says Major General Mahmoud Diaa
Will Middle East crises affect Egypt-US relations?
Egypt will not accept relocating Palestinians in Sinai
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Egypt-US trade exchange, economic cooperation prospects versus challenges
Possibility of free trade agreement between Egypt, US was one of the most prominent files receiving support from Egyptian business community, says Mohanna Egypt’s trade exchange with the United States rose to $7.54bn in 2018, according to latest US Census Bureau data, marking 34.16% increase compared to 2017. In 2018, Egypt’s exports increased by 26.93%, …
Al-Sisi meets Lavrov in Cairo over boosting trade exchange
Forthcoming Egyptian-Russian summit to be held this year in Sochi
AmCham presents Egyptian economy’s success story: Egypt chooses to go for comprehensive reforms, targeting 7.5% in GDP growth
Entrepreneurship development encouraged many Egyptians to establish their own projects, says Wehbe
Al-Sisi’s wisdom managed to re-adjust track, face tensions: US Congressman
President’s upcoming visit to US is vital to clarify many concepts, bring closer points of view over ample issues
Egypt to implement several reforms in June including eliminating fuel subsidies: IMF
Authorities planning to hedge oil prices, but IMF advised caution, says report
Shoukry addresses Red Sea security, regional issues with Eritrean counterpart
FM stressed Egypt’s interest in developing its relations with Eritrea in all fields
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On third day of Door-Knock Mission: Establishing US advisory council to strengthen Egypt-US relations
Council will include number of most important experienced US figures working in diverse fields
Moody’s views Egypt’s FY 2019/20 draft budget as credit positive, forecasts 7.5% deficit
Minimum wage adjustments in private sector to follow, increase likely to support private consumption, erode competitiveness
US-Egyptian relationship remains strong despite Congress, American media criticism: Paul Salem
Egypt’s constitutional amendments are state policy, will not affect bilateral relations, says Middle East Institute’s president
“No entrance without tickets”: Egypt’s railways set new fines on commuters
ENR imposes new fines on train surfing, carrying heavy luggage
IFC invests close to $200m in Egypt, eyes opportunities in infrastructure, manufacturing sectors
The International Finance Corporation (IFC), a World Bank Group member, invested close to $200m in the Egyptian market over the last eight months, the IFC Country Manager for Egypt, Libya, and Yemen, Walid Labadi, told Daily News Egypt (DNE). The IFC chose Egypt earlier as a model for its investments in Middle East and Africa. …
‘Cleopatra-Japian 2019’ drills kicked off in France
It is one of biggest joint exercises between Egypt, France
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Egypt, UAE ink cooperation agreements in housing, irrigation, trade, industry sectors
Al-Sisi received Al-Nahyan at Borg El Arab Airport in Alexandria early on Wednesday
Egypt halts trial online exams after severe problems
The Ministry of Education announced on Monday that online trial exams for the first secondary stage have been halted after students from all over the country complained about the lagging server. Students were supposed to take a biology exam via an online server where they would use their electronic tablets to answer the questions. However, …
China, Egypt negotiate new projects: Ambassador
China and Egypt are discussing new cooperation projects, Song Aiguo, the Chinese ambassador to Egypt, told Daily News Egypt, adding that the recent economic reforms taken by the Egyptian government are encouraging and still improving. Egypt is one of the most important countries in the region, he added, noting that Egypt has already started its …
Egypt tops list of billionaires’ most visited countries in 2019
Amid tremendous efforts from the government to revive local tourism, Egypt was announced as the number one destination among a list of 15 countries, which international billionaires plan to visit in 2019, according to a study held by Business Insider. The number one business website held a study with Original Travel agency, which plans months-long-trips …
Egyptian, Britsh armies continue ‘Ahmose-1′ in Alexandria
Exercises include lectures to exchange expertise, practical training