South Korea to fine BMW $10 million over engine fires
BMW has recalled millions of cars worldwide with a faulty exhaust gas recirculation cooler. South Korea's Transport Ministry accuses the automaker of dragging its feet on the recall.South Korea said…
Germany, Egypt sign couple of new agreements worth €150.5m
Country’s reforms encourage German firms to boost their investments, says ambassador
There will be no float of shares before mid-January 2019: Minister of Public Enterprise Sector
I have agreed with minister of planning to put some of ministry’s assets in Egypt’s sovereign wealth fund, through two sub-funds dedicated for hotel management, real estate development
Deposits, commercial accounts in banks rose to EGP 3bn: CAPMAS
The Central Agency for Public Mobilisation and Statistics (CAPMAS) data has shown that the financial position of the banks rose to reach EGP 4261.3bn for 2016/17 with a rate of…
EFG Hermes completes oversubscribed 1st close on Egypt Education Fund with total commitments of $119m
Education sector in Egypt in dire need of major investments…we expect to deliver attractive returns to our investors: Moussa
Total governmental investments during Q1 of current FY amounted to EGP 27.4bn: Al-Saeed
Largest share of public investments went for infrastructure development, says minister of planning
Country must reconsider gas consumption system, utilise it on large scale in industry: El-Gabaly
Ministry plans to raise industrial products’ growth rates to 8% by 2020, says Nassar
EGPC pays $4 per million BTUs for gas produced from Zohr field
Agreement to pump entire production of field to local market, but in event of decreased domestic consumption, it is possible to allow exports
JICA dispatches Egyptian delegation to Japan to exchange experience on early childhood development
Project was launched in 2016 by President Sisi in Japan aiming to build capacity of Egyptian youth, promote prosperity, development in country
14 alleged militants killed in Arish: interior ministry
Fighters were planning to target police, army personnel, says ministry