Category: North Africa

EgyptAir said that it will buy 9 Boeing aircrafts of model (800-737) for $ 864 million. Dubai Aerospace Enterprise (DAE) Ltd UAE-based will finance this deal, according to Boeing’s web site. The announcement was revealed during the activities of Farnborough Airshow currently held in the UK. “Over the years, Boeing has played an important role…

The cabinet under Prime Minister Sherif Ismail took a number of pro-investment decisions on Wednesday 13/7/2016. During its weekly meeting, the cabinet also approved a number of recommendations pertaining to dispute settlements. The measure aims at overcoming the obstacles faced by investors dealing with a number of government entities. The cabinet also assigned the duties…

Egypt’s industrial production value dropped by 2.9 per cent to reach EGP 144.1 billion in the 2014/15 fiscal year, compared to EGP 148.4 billion in the previous year, the official statistics agency said. The drop is due to a decline in the value of industrial production of some economic activities as food production industry and…

Egypt’s trade ministry said on Monday that the country has signed a cooperation agreement with China to study and implement 18 projects with Chinese financial support. The agreement was made during a joint meeting of the Chinese-Egypt Ministerial Committee, held in Beijing. Egypt’s President Abdel Fattah al-Sisi is set to participate in the G20 summit…

The milk import bill (including the raw materials) decreased down to $399.71 million during the first five months of 2016, against $519.04 million during the same period of 2015, down by 23%, the Customs told APS. The imported quantities (milk powder, milk cream and milk fat used as inputs) also fell but of lesser rate…

Petroleum Minister Tareq al-Molla asserted that the national project on supplying natural gas to houses is one of the main strategic projects currently being carried out in Egypt and a main pillar of the government’s program for improving services offered to citizens and easing burdens on them. A report, the minister received from deputy head…

Petroleum Minister Tareq al-Molla asserted that the national project on supplying natural gas to houses is one of the main strategic projects currently being carried out in Egypt and a main pillar of the government’s program for improving services offered to citizens and easing burdens on them. A report, the minister received from deputy head…

President Abdel Fattah El Sisi underlined on Saturday 9/7/2016 the importance of taking all necessary measures to continue reducing public debt and increasing foreign reserve. The remark was made at a meeting with Prime Minister Sherif Ismail, Governor of the Central Bank of Egypt Tarek Amer and Finance Minister Amr El Garhy. The president stressed…