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CBE increases capital by EGP 7.6bn

Monday 18/02/2019 13:25

By Mohamed Salem and Sayed Badr: In agreement with Finance Ministry, the Central Bank of Egypt (CBE) pumped the largest increase, amounting to EGP 7.6...
Eni wins rights for two onshore exploration blocks in Egypt

Monday 18/02/2019 12:49

Al-Mal: Italian oil and gas major Eni has bagged rights for two onshore exploration blocks - South East Siwa and West Sherbean in Egypt through two se...
Saudi Arabia, Pakistan sign $20bn investment deals

Monday 18/02/2019 11:26

TradeArabia: Saudi Arabia and Pakistan have signed a number of investment deals worth $20 billion at the start of a two-day visit to the South Asian c...
Cairo is shaping up to become a large energy hub, report

Monday 18/02/2019 10:18

Al-Mal: Egypt’s oil and gas future looks very bright. The large scale concessions awarded during the EGYPS2019 conference in Cairo, 11-13 Februa...
SODIC plans to hand over 1151 units and invest EGP 5.2bn in 2019

Sunday 17/02/2019 21:48

By Mostafa Talaat Six October Development and Investment Company (SODIC) plans to hand over 1151 units and invest 5.1 billion pounds in its subsidia...
Isis Claims Responsibility for Attack That Killed 15 Egyptian Military Personnel

Sunday 17/02/2019 21:44

Reuters The Egyptian army launched a campaign a year ago against Islamist militants focused on Egypt's Sinai peninsula Fifteen Egyptian military pe...
Egypt plans to make new administrative capital its first cashless city

Sunday 17/02/2019 21:41

 (Xinhua) -- Egypt plans to make its new administrative capital the first cashless city in the country as part of the country's plans to support...
Tourism ministry to boost cooperation with China's Sichuan Province

Sunday 17/02/2019 16:58

Xinhua: Egyptian Tourism Minister Adviser for Training Soha Baghat discussed on Friday with a senior official of southwest China's Sichuan Province to...
Volkswagen Raises EV Sales Target 50%

Sunday 17/02/2019 15:44

Agencies: The first ID-branded electric car from Volkswagen is due to roll off the assembly line in Zwickau, Germany, later this year. In an effort to...
Chinese textile city a test for Egypt’s industry

Sunday 17/02/2019 14:02

AW: Producers and experts in the textile industry said the establishment of a Chinese textile city in Egypt will severely harm the debt-ridden local c...