Egypt’s Suez Canal revenues jump to $470.6m. in August

Egypt’s Suez Canal revenues climbed to $470.6 million in August, 5.1 per cent higher than the $447.6 million registered in the same month last...

EIB to loan Egypt’s Banque Misr $500m. to fund SMEs

The European Investment Bank (EIB) has agreed to loan Egypt’s Banque Misr a $500 million package to fund small and medium enterprises (SMEs), deputy...

Mercedes-Benz in initial talks to return to Egyptian markets following 2-year hiatus

“has succeeded in initial talks” with Mercedes-Benz officials to bring the international automobile manufacturer back to Egypt following a two-year halt, the head of...

Reducing US aid to Egypt has no negative impact on investment

Ambassador Gamal Bayoumi, secretary general of the Arab Investors Union, and former Assistant to the Minister of Foreign Affairs said that Egypt would not...

“Boosting Investments in the Mediterranean” Conference yields signing 3 future projects

On 13 September 2017, on the sidelines of the inauguration of the “Boosting Investments in the Mediterranean” Conference organised by EIB in collabouration with...

Suez Canal Bank is soon to finalise its strategy

The new board of directors of the Suez Canal Bank, headed by Hussein El-Refaie, will complete preparing the bank’s strategy and work plan for...

US companies to increase investments in Egypt

Minister of Investment and International Cooperation Sahar Nasr met on Friday with representatives of General Electric, AbbVie pharmaceuticals, Johnson, Cargill, Merck & Co. pharmaceutical...

Egypt’s non-petroleum exports up to USD 13.8 billion in 8 months

Egypt’s non-petroleum exports increased by about 9.3 percent in the period between January and August 2017 to record 13.889 billion dollars, compared to 12.698...

Egypt targets being a regional energy production hub

It is worth noting that the investment atmosphere in Egypt is flourishing after signing several agreements with several international institutions and investors. Regarding foreign investments, the Ministry...

Egyptian President Abdel Fattah El-Sisi visits China and Vietnam

The BRICS group of five emerging economies (Brazil, Russia, India, China and South Africa) held their 9th summit in the Chinese city of Xiamen...

Egypt faces terrorism with economic and social development

A newly released report by the Arab African International Bank that has been released in cooperation with Bloomberg channel has announced that the decision to...
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El Molla Witnesses Signing of Two Agreements for Brownfields in Gulf of Suez

Minister of Petroleum and Mineral Resources Eng. Tarek El Molla and ADES Drilling Company CEO Mohamed Farouk have witnessed the signing of...

ETHDCO achieves 109% of its production plan

Eng.  Tarek El Molla, Minister of Petroleum and Mineral Resources, witnessed via video conference the General Assembly meeting of the Egyptian Company...

Eng. El-mulla witnessed ENNPI’s General Assembly and approved business result of FY 2023

Eng. Tarek El Molla, Minister of Petroleum and Mineral Resources, stressed that the vision of development and modernization launched by the Ministry...