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20 Jun 2019

Sisi to inaugurate KIMA2 on June 30 offering 3.7K jobs

CAIRO – 19 June 2019: President Abdel Fatah al-Sisi will inaugurate KIMA 2 plant on June 30, 2019, Chairman of Chemical Industries Holding Company Emad el-Din Mostafa said.

Mostafanotedthat KIMA 2 is the largest chemical project in the Middle East with an area of 60 feddans;"...

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20 Jun 2019

Cabinet denies forcing textile workers to retire early

CAIRO, June 19 (MENA) – The cabinet’s media center denied reports on spinning and textile company workers being forced into an early retirement as part of an EGP 21 billion plan to develop the textile sector.

In a statement released Wednesday, the cabinet said it"...

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20 Jun 2019

EGX ends Wednesday in red for 2nd session in row

CAIRO – 19 June 2019: The Egyptian Exchange (EGX) recorded a collective regression during Wednesday for the second session in row, losing about LE 3.59 billion of market capitalization, amid Egyptian and Arab selling.

The benchmark EGX 30 declined 0.50 percent, or 70.68"...

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20 Jun 2019

Cabinet denies reports on raising metro ticket prices to EGP 17

CAIRO, June 19 (MENA) - The cabinet media center denied reports about raising the metro ticket prices to EGP 17 following the inauguration of the three new stations; Haroun el Rashid, Alf Maskan and Shams Club, as part of building the third line of the Cairo metro.

In a statement"...

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20 Jun 2019

Egypt’s exports to Tanzania rise 75% during 2018

CAIRO – 19 June 2019: Egypt’s exports to Tanzania jumped 75 percent during 2018, recording $42 million, compared to $24 million in 2017, according to the Commercial Representative Office in Tanzania.

This percentage is the highest increase in the volume of Egyptian"...

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20 Jun 2019

Renault, Nissan join Waymo in exploring driverless services in France, Japan

French automaker Renault SA, its Japanese partner Nissan Motor Co and tech giant Alphabet Inc’s Waymo are exploring a partnership to develop and use self-driving vehicles to transport people and goods in France and Japan, the companies said on Thursday.

The"...

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20 Jun 2019

Trade exchange between Egypt, Romania expected to double by end of 2019: SIS

CAIRO - 19 June 2019: Egypt comes on the top of the list of countries receiving Romanian experts, and it is expected that the trade exchange between the two countries increases by 100 percent by the end of 2019 compared to last year, Egypt's State Information Service (SIS) said.
"...

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20 Jun 2019

Finance Ministry finishes amendments to law of private sector’s participation

CAIRO – 19 June 2019: Ministry of Finance announced Wednesday the completion of a draft law to amend some provisions of Law No. 67 of 2010 concerning regulating the participation of the private sector in infrastructure projects, utilities and public services.

The ministry"...

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20 Jun 2019

Egypt’s economy witnesses notable improvement: S. Korea amb.

CAIRO – 19 June 2019: South Korean Ambassador to Egypt Yoon Yeocheol affirmed that the Egyptian economy has been witnessing notable improvements which are expected to expand during the coming period.

In his speech at the Cabinet's Information and Decision Support Center"...

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20 Jun 2019

MARAKEZ to Open Mall of Tanta, the Largest Mall in the Delta Region, in Fall 2019

ArabFinance: MARAKEZ for Real Estate Investment, one of the largest mall developers and operators in the Middle East is expecting Mall of Tanta to welcome 10,000-12,000 daily visitors following its launch Fall 2019. Mall of Tanta is El Gharbia governorate’s first internationally-modeled"...

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