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Al-Sisi, Kushner discuss Israeli-Palestinian peace process

Egypt’s President Abdel Fattah Al-Sisi met on Thursday with Jared Kushner, US President Donald Trump’s son-in-law and senior adviser, as part of his Middle East tour that aims to discuss the Israeli-Palestinian peace process. Thursday’s meeting was attended by Egypt’s… More....
Parliament approves factoring, financial leasing law
The Egyptian Parliament approved on Saturday a factoring and financial leasing bill at a general session headed by Parliament Speaker Ali Abdel Aal, in the presence of Sahar Nasr, minister of investment and international cooperation, according to a ministerial press…
Fuel price hikes are credit positive: Moody’s
Last Saturday, Egypt's new government raised fuel prices by 35.0-66.6% with immediate effect. The price hikes are part of the government’s economic reform agenda agreed with the International Monetary Fund (IMF). Moody’s announced in a report that the implemented price…
IDWBE SMEs portfolio registers EGP 2.6bn
The loans of the Industrial Development & Workers Bank of Egypt (IDWBE) directed to small and medium enterprises (SMEs) reached EGP 2.6bn, in addition to outstanding requests of EGP 400m, according to Maged Fahmy, chairperson of the bank. Fahmy explained…
€5.8bn size of trade exchange between Egypt, Germany in 2017
The volume of trade exchange between Egypt and Germany reached €5.814bn last year, compared to €5.568bn in 2016, an increase of 5%, according to newly appointed Trade and Industry Minister Amr Nassar. Nassar pointed out that German investments in Egypt currently amount to €641m in 1,080…
Arab disappointment sealed as Tunisia World Cup dream vanishes
Saturday was another disappointing day for Arabs in the 2018 World Cup as Belgium hammered Tunisia 5-2 in the second round of Group G. The Eagles of Carthage are the last of four participating Arab teams to make their exit…
UAE’s Mubadala buys 10% of Zohr field
The Ministry of Petroleum signed a final agreement to sell 10% of Zohr concession areas to the UAE's Mubadala Oil Company, according to a statement from the ministry on Wednesday. The ministry said it has signed a contract with the…

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