Egypt’s NBE bank targets $2.5 bln external loans in FY2019
27/08/2018National Bank of Egypt (NBE) is looking to raise its foreign debt by $1 billion to reach $2.5 billion in financial year 2018/2019, vice chairman Yehia Abu Al Fotouh said..
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Business & Economy
Egypt pumps 100 bln pounds into social housing projects
26/08/2018Egypt had injected around 100 billion Egyptian pounds ($5.6 billion) to date on the low-income citizens’ residential units within the framework of the social housing project. Egypt provides residential units.
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Business & Economy
US Apache firm plans to invest $1 bln annually in Egypt
25/08/2018Minister of Petroleum Tarek el-Molla has discussed with John J. Christmann, the Chief Executive Officer and President of US Apache Corporation, means to expand the company’s exploration activities in Egypt..
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Business & Economy
Egypt’s Finance Ministry considers issuing LE2 coin category
21/08/2018The Finance Ministry announced in a press statement on Tuesday that it is considering a new coin currency equal to two pounds to ease change issues, which would better facilitate.
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Business & Economy
Egypt introduces improved financial reporting system for agencies
21/08/2018The finance ministry of Egypt has started the implementation of a new system to monitor state agencies’ financial transactions. The Government Financial Management Information System, which is part of the.
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Business & Economy
Egypt Aims For Natural Gas Dominance In The Mediterranean
19/08/2018The natural market gas in the Eastern Mediterranean is in full ebullition – with Egypt determined to be the center of this regional marketplace. The country faces challenges, including maintaining.
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Business & Economy
Egypt Ministry of International Cooperation licenses single-shareholder companies
16/08/2018The Minister of Investment and International Cooperation Sahar Nasr signed the regulatory framework for licensing single-shareholder companies, according to a ministry statement on Wednesday. Nasr stated that the sole proprietorship.
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Africa
Business & Economy
Egypt’s central bank expected to hold rates as it eyes inflation
14/08/2018Egypt’s central bank is expected to keep interest rates unchanged at its next policy meeting and hold back on more rate cuts this year until inflation steadies, a Reuters.
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Tunisia, Egypt to promote mutual trade relations
12/08/2018Egypt and Tunisia have agreed to promote joint trade relations and remove all of the challenges facing the flow of trade exchange and joint investments between the two sides. Both.
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Egypt to reduce public debt to 92% of GDP in FY 2018-19
12/08/2018Egyptian Finance Minister Mohamed Ma’it said the country will reduce its public debt to 92 percent of the GDP in the budget of the current fiscal year 2018-2019, state-run Ahram.
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