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Egypt growth rate highest since 2008: IMF officialEgypt’s reforms have started to reap results, especially with regard to its macroeconomic stabilization, with growth at the highest rate since 2008, said a top IMF official. “Inflation has rapidly declined, forei More… |
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DP World, Suez Canal Zone set up JV for new projectsDubai-based DP World, a leading enabler of global trade, has announced the establishment of a joint development company with the General Authority for the Suez Canal Economic Zone in Egypt. The new venture will develop projects in More… |
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DP World, Suez Canal Zone set up JV for new projectsDubai-based DP World, a leading enabler of global trade, has announced the establishment of a joint development company with the General Authority for the Suez Canal Economic Zone in Egypt. The new venture will develop projects in More… |
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Egypt emergency after deadly church attacksEgypt's President Abdul Fattah Al-Sisi has declared a three-month state of emergency after attacks on two Coptic churches that left at least 44 dead, a report said. The declaration allows authorities to make arrests without wa More… |
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Sisi vows tough reforms to improve economyEgyptian President Abdel Fattah Al-Sisi said on Saturday he was committed to pushing through the reforms necessary to turn the economy around and cut public debt, days after Egypt negotiated a $12 billion loan programme with the International Mo More… |
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Sisi warns of harsh and tough measures to fix economyEgyptian President Abdel Fattah al-Sisi warned citizens on Monday that tough measures would be needed to turn the country's ailing economy around as the government negotiates a $12 billion loan programme with the International Monetary Fund. More… |
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Egypt building new homes to replace crumbling slumsThe Egyptian government has started building new flats for slum dwellers under an ambitious housing plan which is expected to cost about E£14 billion ($1.58 billion). A few of them like Bayada Mohamed have already moved into More… |
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Egyptian group starts work on key residential projectEgypt's leading construction company Mokhtar Ibrahim is developing a new residential city on a 2.1 million sq m area in the coastal Al Alamein region of Egypt at an investment of E£400 million ($45 million), said a report. More… |
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Egypt sends submarine to hunt for crashed jetEgypt deployed a submarine on Sunday to hunt for the EgyptAir plane that crashed in deep Mediterranean waters, President Abdel-Fattah al-Sisi said, warning investigations into the disaster would take time. In his first public rema More… |
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Sisi names 10 new ministers in cabinet shake-upEgyptian President Abdel Fattah al-Sisi reshuffled his cabinet on Wednesday, appointing 10 new ministers including ones for the key finance and investment portfolios, Egyptian state TV reported. Banking veteran Amr Al Garhy was ap More… |
