FNGOs to launch initiative for referendum participation

Cairo: The General Federation of Non-Governmental Organizations (FNGOs) will launch the initiative “Participate, Egypt is important”, asking electors to participate in the popular referendum following President Abdel Fattah al-Sisi’s call for it.

During"...

Government allots LE71 bn to develop sea ports: Minister

Cairo: Developing ports becomes top priority to the government.

Dr Hesahm Arafat، Minister of Transportation revealed that there is a plan of developing the sea ports affiliated to his ministry and ones under"...

Government resumes offering 25% of Enppi on EGX

The government committee supervising the state IPO programme gave the green light for resuming offering process of the Engineering for Petroleum and Process Industries (Enppi) on the Egyptian Exchange (EGX).

Officials"...

Germany realises Egypt’s progress toward more economic openness

Germany realises that the Egyptian government achieved progress toward a more open society, Thomas Bareiß, the parliamentary state secretary at the Federal Ministry for Economic Affairs and Energy, told Daily News Egypt.

Earlier"...

Egypt looks forward to more BP investments: PM

Egyptian Prime Minister Mostafa Madbouly on Monday stressed his government’s support for British Petroleum’s (BP) investments in Egypt and expressed the government’s expectations of further investments by the company in Egypt’s energy sector in the coming period.

Gov't, LuLu Group International sign $500M deal

Cairo: The Egyptian government, represented in the Ministries of Supply and Internal Trade, on Thursday signed an agreement with LuLu Group International, which is specialized in retail trade.

Under the agreement,"...

Port Said to become biggest industrial zone in Middle East: Governor

Cairo: Maj. Gen. Adel Al Ghadban، Governor of Port Said، said that 42% of Egypt’s exports of ready wear to the other countries are conveyed via the sea port of the that coastal city.

He added that President"...

PM visits Egyptian Exchange

The government is keen on supporting the Egyptian Stock Exchange with measures designed to boost its activity and achieve its targets, Prime Minister Mostafa Madbouli said.

It also seeks to raise the financial awareness level of the society on the basics of investment through"...

Egypt’s govt plans to reduce indebtedness on medium term: Finance Minister

Cairo: Egypt’s Finance Ministry, participating with the economic ministerial group and the Central Bank of Egypt, has prepared an integrated strategy to reduce and manage the government indebtedness in the medium term, Finance Minister Mohamed Maait announced in a statement on Sunday.

Egypt to consider longer presidential term -lawmaker

Cairo: Egypt will consider extending the presidential term to six years from four, a senior lawmaker said on Sunday, which could allow President Abdel Fattah al-Sisi to stay in power beyond 2022, when his second term is due to end.

The"...