MNHD records EGP 634.2m in consolidated revenues in Q1
Madinet Nasr Housing and Development (MNHD), an urban developer in Egypt, recorded consolidated revenues of EGP 634.2m in the first quarter (Q1) of 2019, up 3.8% year-over-year (y-o-y) from the…
Al-Sisi discusses supporting African continent with Mushikiwabo
President Abdel Fattah Al-sisi met on Wednesday with the head International Organisation of La Francophonie (IOF), Louise Mushikiwabo, where they discussed mutual cooperation. Sisi said Egypt looks forward to boosting…
Turkey’s illegal drilling in Cyprus’ EEZ revives geopolitical rivalries in Eastern Mediterranean
The countries of the eastern Mediterranean are on course for some choppy waters. Following Turkey’s announcement on May 6, that its ships would continue to explore for oil and gas…
WDR 2019: changing nature of work, best government response?
The World Bank (WB) issued the World Development Report (WDR) 2019 on Wednesday called "The Changing Nature of Work," which studies how the nature of work is changing as a…
Egypt’s external debt rises to $96.6bn by end of December: CBE
Egypt's external debt rose to $96.6bn by the end of December 2018, compared to $82.88bn by the end of December 2017, an increase of $13.7bn, according to Central Bank of…
Video: In a surprise move Hisham Talaat Moustafa reveals Madinaty song by Assala
Hisham Talaat Moustafa Group has launched a new song for the Madinaty city.
Egypt’s external debt to increase by 12% to reach 103.7 $bn in FY 2019: Focus Economics
Focus Economics forecasts overnight deposit rate to end CY 2019 at 14.47%, CY 2020 at 12.93%
Real Estate Council submits proposal to provide social housing in partnership with state
Chairperson of the Egyptian Real Estate Council, Adel Lotfy, said that the council has completed a draft of the proposal for developing social housing for youth in partnership with the…
Thales appoints new Country Director in Egypt
Thales, a global leader in aerospace, defence, security, space, and transportation sectors, announced on Wednesday the appointment of Sherif Barakat as the new country director of Egypt. As the new…
Manufacturing, extractive index decrease by 2.6% during February 2019
The manufacturing and extractive industries index (excluding crude oil and petroleum products) is 122.30 during February 2019 compared to 125.58 during January 2019, a decrease of 2.6%. The Central Agency…