Day: December 6, 2016

CBE signs 18bn yuan bilateral currency swap agreement with Chinese central bank

The agreement will lead to a decline in demand on the dollar…

Hossam Mounir

Egypt, Slovenia sign 3 business cooperation agreements

Trade volume between Egypt and Slovenia amounted to €161m in 2015, says…

Shaimaa Al-Aees

Eni to complete 24% of gas treatment plant in October 2017

Six wells in Shorouk concession will be linked to production at the…

Mohamed Adel

Foreign Ministry in negotiations to release 49 Egyptians detained in Yemen 

Previous media reports alleged the detainees had been kidnapped by Houthi Rebels…

Taha Sakr

KEH considers injecting investment worth $1bn into Egypt

The company plans to establish a multi-service city with a residential complex,…

Mohamed Ayyad

Trade balance deficit down by 27.1% in September: CAPMAS

The trade balance deficit dropped by 27.1% in September 2016 to EGP…

Hossam Mounir

Egypt’s foreign exchange reserves likely to decline by $3bn in mid-December

On 17 December, Egypt must pay $3bn for bonds issued on global…

Hossam Mounir

Army kills 8 militants in large-scale operation inside North Sinai

Four militants were also arrested during the campaign, according to the army…

Daily News Egypt

Egypt to receive $3.5m donation for solar energy projects from UNDP

Minister of International Cooperation Sahar Nasr and Minister of Trade and Industry…

Hisham Salah

Criminal Court acquits 4 defendants accused in Al-Waraq case

The defendants were arrested in January 2015 on accusations of belonging to…

Sarah El-Sheikh