75% increase in Chinese direct investments in Egypt in H1 2017
China has raised its direct investments in Egypt by $106m, an increase of 75% over the same period last year, according to Han Bing, minister counselor for economic affairs at…
EGP 51.9bn increase in deposits, EGP12.7bn increase in bank credit facilities during September 2017: CBE
Private sector received 61.95% of total non-governmental credit facilities in banks, industry sector at top of beneficiaries
Egypt to stop importing gas by end-2018: EGAS
According to Vice President of the Egyptian Natural Gas Holding Company (EGAS) Magdy Galal, the company aims to stop importing liquefied natural gas from abroad by the end of next…
Eagle Capital acquires Abou Hashima’s stake in Egyptian Media Group
Value of transaction was not disclosed
Palestine condemns US veto against international community’s will over Jerusalem status
Pence’s Middle East visit delayed as Russia offers role of peace mediator
Nasr inaugurates Egyptian-Japanese business forum in Tokyo
We have put a plan to establish investment zones in all governorates of Egypt, says Minister of Investment and International Cooperation
Bayern Munich host Borussia Dortmund in German Cup Klassiker
It's usually a semifinal or a final but, this year, either Bayern Munich or Borussia Dortmund will be out of the German Cup before the last eight. Both clubs are…
Authority will become ‘Sustainable Energy Authority’, will be holding company for asset management: NREA chairperson
Mohamed El-Khayat, chairperson of the New and Renewable Energy Authority (NREA), said that the authority is seeking to adjust its structure in order to cope with the requirements of the…
AfDB studies financing solar energy projects west of Nile
Two companies requested funding from bank, loans under $30m: El-Askari
Afreximbank provides $150m for Egyptian factoring companies within 5 years
The African Export-Import Bank (Afreximbank) is providing $150m for Egyptian factoring companies within 5 years, according to the Managing Director of Intra-African Trade Initiative of Afreximbank Kanayo Awani. Awani told…