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Egypt will establish new Polish industrial zone in Ain Sokhna
Poland is choosing Egypt to build its first overseas industrial zone, as it will be in Egyptian canal city of Ain al-Sokhna.
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Egypt eyes decreasing overall deficit to 6.6%, Maait
Egypt seeks to decrease the overall deficit to GDP ratio to 6.6 percent as well as reaching a 1.5 percent initial surplus for FY2021/2022 budget plan, Minister of Finance Mohamed Maait said.
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China’s CSCEC signs contract to design, execute 5 residential towers in Egypt’s New Alamein
China State Construction Engineering Corporation (CSCEC) has signed on Monday a design and execution contract to start construction of five residential towers in New Alamein on the Mediterranean…
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AfCFTA: Member countries agree on nearly 90% of rules of origin
Member countries of the African Continental Free Trade Area (AfCFTA) have agreed on nearly 90% of the rules of origin set to enter into force as part of the initiative. These rules will help determine…
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Startup funding increases 31% in Egypt during 2020
Egypt held the second-biggest share of venture capital investment in MENA last year, falling behind the UAE, which accounted for a whopping 56 percent of the total funding amount last year, according…
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Egypt’s drops 4 positions in global innovation index 2020
Egypt’s has dropped in rank on the global innovation index (GII) from 92nd place in 2019 to 96th for 2020, while the country has maintained its 14th place among Lower-Middle (LM) income countries.
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Morocco exported 2 Million Tonnes of Agri-Food Products to EU in November
Morocco’s Agriculture Ministry has said that the country’s agri-food trade balance with the EU experienced an increase of more than € 1.9 billion last year.
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US Trump orders withdrawal of all troops from Somalia
US President Donald Trump has ordered the withdrawal of nearly all US troops from Somalia helping local forces battle al-Shabab and Islamic State militants, the Pentagon has said.
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