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Egypt receives 950 applications for second phase of export support programme
950 companies have applied for the second phase of the immediate disbursement of export subsidies programme since 7 February, according to the Egyptian Minister of Finance, Mohamed Maait.
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Saudi Al Sharif signs EGP 1 bln loan with NBE for Shepheard Hotel renovation project
Saudi engineering, procurement, and construction company Al Sharif Group Holding (ASG) has signed a long-term financing agreement of up to around 978.2 million Egyptian pounds ($62.6 million) with the…
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Lower natgas costs on parliamentary committee agenda to prop up local industry
The House Industry Committee pushing forward with its agenda to press the Oil Minister Tarek El Molla to cut prices of natural gas to factories in order to help prop up local industry, according to…
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Nigeria’s Okonjo-Iweala named first female, African WTO boss
Nigeria's Ngozi Okonjo-Iweala was appointed Monday as the first female and first African head of the beleaguered World Trade Organization, saying a stronger WTO would be vital for the global…
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New capital should reflect image of the ‘new Egyptian state’, Egypt’s President
Egyptian President Abdel-Fattah al-Sisi has said that the country’s New Administrative Capital (NAC) should reflect the new Egyptian state' image, and called for construction at the capital to…
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Egypt’s summit for trade to launch 1st interactive retail investment map
The second round of Egypt’s Summit for Trade and Investment will kick off on 23 March under the patronage of the ministries of planning, supply and internal trade with the support of the Egyptian…
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Elsewedy Electric’s subsidiary signs EGP 711m deal in south valley development project
Elsewedy Electric Co announced that its subsidiary Elsewedy Electric for Trading and Distribution signed a new contract to implement the completion of the first stage of infrastructure works in the…
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Al Futtaim plans $2.2bn investments in Egypt’s CFC over two years
Group Director of Al-Futtaim Malls Timothy Earnest said that the group aims to invest EGP 2.2 billion in Cairo Festival City Mall in eastern Cairo during 2021 and 2022.
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Egypt offers eight investment opportunities worth EGP 5bn in 5 governorates
Egypt’s Internal Trade Development Authority (ITDA) launches eight new investment opportunities in five governorates with investments of more than 5 billion Egyptian pounds.
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Egypt kicks off 2nd stage of e-invoice system
Egypt’s Ministry of Finance launched on Monday the second stage of the e-invoice system that will be applied on 347 companies. Other companies will join the system in succession through the end of Jun
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