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Egypt buys 480,000 tons of wheat from four countries including Russia
The General Authority for Supply Commodities (GASC) said on Tuesday that it has signed contracts to import 480,000 tons of wheat from four countries after an international bid round.
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Trade, Military Production Ministers sign agreement to manufacture electric buses
Egypt’s Minister of Trade and Industry Nevine Gamea and Minister of Military Production Mohamed Ahmed Morsi have witnessed the signing ceremony of a joint manufacturing agreement to produce electric…
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European Bank for Reconstruction and Development sets aside EUR 1 bn for Egypt in 2021
The European Bank for Reconstruction and Development (EBRD) has earmarked a combined €1 billion in financing and investment for Egypt this year, Deputy Regional Director Khaled Hamza told the local…
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Orascom Construction adds new deals worth $920m during Q4-20
Orascom Construction Plc has added new contracts worth around $920 million during the fourth quarter (Q4) of 2020.
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Egypt’s current account deficit widens to $2.8 billion in July-Sept, CBE
Egypt’s current account deficit widened to $2.8 billion in the July-September quarter from $1.4 billion in the same quarter of 2019 as the coronavirus pandemic caused tourism revenues to collapse and…
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French finance minister to finalise SDGs projects plans, finance details in his February visit
The French Minister of Finance will visit Egypt to finalise details of the bilateral projects that will be established under Egypt’s sustainable development 2030 agenda and their financing conditions,…
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Egypt to raise ICT sector contribution to GDP to 8% in 3yrs – minister
Egypt aims to increase the contribution of the information communication technology (ICT) sector to 8 percent of its gross domestic product (GDP) within three years, its telecoms minister said.
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Egypt’s commodities exchange to start operation by year-end or early 2022 – official
Egypt is expected its long-anticipated commodities exchange to start operation within the end of the current year or early next year, the country’s stock exchange chairman said.
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Egypt excludes dry, green beans from export ban
The Food Industry Export Council announced excluding dry beans and canned green fava beans from Ministerial Resolution No. 13 of 2021 regarding the continuation of stopping the export of beans of all…
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Banque Misr is looking to expand into Somalia, Djibouti and Kenya
Banque Misr is looking to expand its offerings in Somalia, Djibouti and Kenya as part of the bank’s expansion into East Africa, Deputy Chairman Akef El Maghraby told Al Shorouk.
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