Ahram Online Egypt and Italy have signed nine memoranda of understanding (MoU), including one on the establishment of an “integrated Italian trade and logistics entity” in Cairo; according to a statement by the ministry of supply on Sunday. Minister of Supply Ali Mosselhi witnessed the signing of the MoUs inked …
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Doaa Moneim – Ahram Online Toyota Tsusho will manufacture 240,000 natural gas minibuses in Egypt in cooperation with the Arab Organization for Industrialisation, it said Thursday. The Japanese company’s announcement came fohhowing a Cairo meeting between a delegation from the firm, chaired by the its regional manager for Africa, and …
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Egypt Independent The US dollar exchange rate made a new record decline against the Egyptian pound, falling below £E16 for the first time since February 2017; after it had settled during the last period at £E16.05 for purchase and £E16.15 for sale. The US dollar exchange rate at the National …
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London – Times of Egypt: Small and medium-sized enterprises (SMEs) in Egypt will benefit from a US$150 million financing facility package from the EBRD to the National Bank of Egypt (NBE); the country’s oldest and largest bank. A US$ 100 million loan will be provided to the NBE under the …
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Ahram Online Egyptian Minister of Military Production Mohamed El-Assar received on Tuesday the Belarusian Minister of Industry Pavel Utupin, along with the Belarusian ambassador in Egypt Sergei Tirtentiev and executives of some Belarusian companies. Three memorandums of understanding were signed During the meeting between the Egyptian Ministry of Military Production …
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Ahram Online Egypt’s exports of jewellery and precious stones increased by 12.8% recording $1.605 billion in the first 10 months of 2019, compared to $1.423 billion in the same period in 2018. The Export Council for Building Materials (ECBM) said the UAE topped the list of importing countries by 66.8% …
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Ahram Online Egyptian leather products and footwear exports declined by 21.9% during the period between January and September 2019, registering $62.9 million, compared to $80.6 million for the same period last year. However, the sector’s exports witnessed a 15.2% increase in September reaching $6.02 million, against $5.23 million for the …
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Egypt Today Minister of State for Military Production Dr Mohamed El Assar attended the signing ceremony of a memorandum of understanding between the National Authority for Military Production and GE Digital, a subsidiary of the American multinational conglomerate corporation General Electric, on cooperation in digitisation. The memo, which was signed …
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Egypt Today The European Bank for Reconstruction and Development (EBRD) is committed to supporting the government of Egypt in its development priorities and reform effort,” EBRD President Suma Chakrabarti said in a statement Thursday. Chakrabarti added that the bank’s business in Egypt is growing steadily. “We are promoting sustainability and …
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Egypt Today Digital Transformation was the main topic of discussion at the Tuesday 12 November opening session of Egypt’s Economic Summit; under the auspices of Prime Minister Mostafa Madbouli. The summit tackled Egypt’s vision post the economic reform program, including panels related to sectors of banking and finance, Information and …
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