Saturday 20 September 2014
 
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Egypt

Egypt must cut red tape to win investors in Suez canal

Egypt must strip back bureaucracy to attract investment in its planned second Suez canal and bring in new laws making it easier for companies to get licences and land, a legal firm linked to the project said. Egypt plans to build

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Russia, Egypt seal arms deal worth $3.5bn

Russia and Egypt have reached a preliminary deal for Cairo to buy arms worth $3.5 billion from Moscow, Interfax news agency quoted the head of a Russian state arms agency as saying on Wednesday. Speaking during an arms trade exhib

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EGPC to buy 65pc of its oil products from UAE

Egypt's state oil company Egyptian General Petroleum Corporation (EGPC) will buy 65 per cent of its oil product import needs from the UAE’s Adnoc for one year after the government approved the deal on Wednesday. The agre

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Power cuts major obstacle to investment in Egypt

Power cuts dogging Egypt have become the biggest obstacle to luring back foreign investment after three years of political upheaval, the country's investment minister has said. Electricity shortages mean the country often has

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Power cuts major obstacle to investment in Egypt

Power cuts dogging Egypt have become the biggest obstacle to luring back foreign investment after three years of political upheaval, the country's investment minister has said. Electricity shortages mean the country often has

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Power cuts ‘biggest hurdle to investment in Egypt’

Power cuts dogging Egypt have become the biggest obstacle to luring back foreign investment after three years of political upheaval, the country's investment minister said on Tuesday. Electricity shortages mean the country oft

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Egypt targets 11pc budget deficit in fiscal 2014/15

Egypt is targeting a budget deficit of around 11 per cent for the fiscal year that began in July and aims to boost economic growth to 5-6 per cent within three years, Finance Minister Hani Dimian told a conference on Tuesday. Poli

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Egypt targets 11pc budget deficit in fiscal 2014/15

Egypt is targeting a budget deficit of around 11 per cent for the fiscal year that began in July and aims to boost economic growth to 5-6 per cent within three years, Finance Minister Hani Dimian told a conference on Tuesday. Poli

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Egypt raises $8.5bn for Suez Canal expansion

Egypt has raised the $8.5 billion it needs to fund a project to expand the Suez Canal in just eight days, the central bank governor said. Hisham Ramez said in a telephone interview with Reuters that EGP61 billion had been raised a

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Egypt expects $425m from IDB for refinery, airport

Egypt said it expected to receive around $425 million in funding from the Islamic Development Bank to develop an oil refinery in Assiut and an airport in the Red Sea resort of Sharm El Sheikh.   The first agreeme

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