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Banque Misr Set for $100 mn China Development Bank Loan
Egypt >> 2/4/2016 - Egypt's second-largest state lender, Banque Misr, expects to receive a $100 million loan from China Development Bank in February to finance small and medium enterprises, its chairman told Reuters in a...
Ashraf el Araby,Estonian Ambassador Discuss Cooperation
Egypt >> 2/6/2016 - Planning Minister Ashraf el Araby discussed with Estonian Ambassador to Egypt Sander Soone possible means to boost cooperation between the two countries.

tatement, Araby said that their meeti...
Sherif Ismail National Debt in Safe Position
Egypt >> 2/6/2016 - Prime Minister Sherif Ismail said his government will fulfill its promises to achieve a breakthrough in the Egyptians’ standard of living in a year and half.

He said the volume of foreign deb...
Sisi Allocates 1L.E bn to Build 100,00 Economic Housing Units
Egypt >> 2/6/2016 - President Abdel Fattah El Sisi has ordered the construction of another 100,000 economic housing units to meet public needs by allocating one billion Egyptian pounds from "Long Live Egypt" fund for the...
Egypt's Central Bank Receives $900 mln from China
Egypt >> 2/8/2016 - Egypt's central bank has received US$900 million from the China Development Bank under a $1 billion financing agreement signed, Central Bank Governor Tarek Amer said.

The $900 million will...
National Bank of Egypt Drops Bid to Buy CI Capital
Egypt >> 2/9/2016 - National Bank of Egypt's investment banking arm said it has dropped its bid to buy CI Capital, the investment arm of Commercial International Bank (CIB) after failing to agree on a timeframe to comple...
Egypt Cancels Temporary Tariff on Sugar Imports
Egypt >> 2/9/2016 - Egypt is cancelling a temporary tariff levied on sugar imports in 2015 after completing an investigation into possible dumping of the commodity, the Trade Ministry said.

Egypt said in Apri...
Egypt's Non-oil Exports Down 16.5 pct in 2015
Egypt >> 2/9/2016 - Egypt’s non-petroleum exports saw a 16.5 percent drop in value during 2015 compared to the previous year, state news agency MENA said.

Last year, the exports generated $18.6 billion in rev...
India, UAE Pledge to Boost Economic, Investment Ties
United Arab Emirates >> 2/10/2016 - India and the UAE pledged to deepen economic and investment ties, especially in the Small and Medium Enterprises (SMEs), innovation and oil and gas.

This was revealed when the visiting UAE M...
Egypt, Greece Discuss Tourism Cooperation
Egypt >> 2/11/2016 - Tourism Minister Hesham Zaazoua met with Greek Ambassador to Egypt Chris Lazaris.

They discussed ways of boosting tourism cooperation between the two countries, and preparations for the visit...
Darwish Reviews Suez Canal Opportunities with US Delegation
Egypt >> 2/11/2016 - Suez Canal Economic Zone Authority Chairman Ahmed Darwish met David Thorne, Senior Advisor to the US Secretary of State, who is leading a delegation on a visit to Egypt.

The meeting tackled o...
CBE Injected $14 bln in Three Months to Ease Dollar Crunch
Egypt >> 2/12/2016 - Egypt's central bank has injected over $14 billion dollars into local banks over the past three months to facilitate import activity and curb inflation on essential goods, a government statement said....
UAE Ambassador Meets Cuban Minister of Trade
United Arab Emirates >> 2/12/2016 - H.E. Badr Abdullah Al Matroushi, UAE Ambassador to Cuba, has met the Cuban Minister of Foreign Trade and Investment, Rodrigo Malmierca Diaz.

They discussed ways of boosting trade relations,...
Khaled Hanafy Purchases 60,000 Tons of Wheat from Romania
Egypt >> 2/13/2016 - The Domestic Trade and Supply Ministry signed a contract to purchase 60,000 tons of wheat from Romania through an international tender at US$190.88 per ton.

Importing will start on 10 March ...
Egypt’s Ambassador meets with Indian Industry Minister
Egypt >> 2/13/2016 - Egypt's Ambassador in New Delhi Hatem Tag Eddin has met with Indian Commerce and Industry Minister Nirmala Sitharaman to discuss India's participation in a forum on the investment in Africa that will ...
Egypt: upgrading Railway Sector needs EGP 90bn
Egypt >> 2/13/2016 - The Transport Ministry needs EGP 90 billion to upgrade the railways sector and improve the deteriorating railway services, the Transport Ministry spokesman said.

In statements on Thursday, Ah...
Red Sea Tourism Slump Brings 80% Drop in Tourism Tax Revenues
Egypt >> 2/14/2016 - The slowdown in tourism in the Red Sea governorate has resulted in an 80 percent drop in tourism-related tax revenues in the governorate, according to a tax official.

The decline in tax reven...
Dubai Chamber Prepare for 5th Dubai-Hamburg Business Forum
United Arab Emirates >> 2/14/2016 - Dubai Chamber of Commerce and Industry has intensified its efforts for the launch of the 5th Dubai-Hamburg Business Forum, which will be held in Dubai on March 22.

The forum, organised in coo...
Kuwait: Despite Economic Trouble, $120 bln Mega Projects Executed
Kuwait >> 2/15/2016 - Regardless of the current economic situation, primarily dwindling oil prices, major development projects valued in the vicinity of USD 120 billion are being carried out, said a Kuwait Chamber of Comme...
Egypt Energy Investment Summit in Cairo
Egypt >> 2/15/2016 - Egypt hosts the Egypt Energy Investment Summit on February 16-18, 2016 under the auspices of government officials and authorities.

The Summit will bring together the world's leading power dev...

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