2.3% increase in exports, decrease in trade balance deficit by $2.147bn
Imports also witnessed a decline of 3% to record $57.709bn compared to $59.336bn during the same period last year with a decrease of $1.660bn.
Shaimaa Al-Aees
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Latest by Shaimaa Al-Aees
Tamweely to disburse loans, repay instalments to customers in 4,000 post offices
Six branches of Tamweely in the post offices in Sharqia, Beni Suef, Sohag, and Qena will be inaugurated: Ahmed Khorshid
Karma launches INIZIO mall in NAC with EGP 500m investment
Company to build another project in the NAC in 2020, says chairperson
Arkan launches ‘Connection Cairo’ exhibition to explore the beauty of Cairo
Arkan believes in the importance of promoting and sponsoring art and photography projects in Egypt, and the positive impact the art can have on society.
Samo Holding to expand to 10 production lines by 2020
Company targets EGP 450m in sales by year-end, says chairperson
Golden House launches 3rd phase of Roses project in NAC
The project is located in R8 neighbourhood in the NAC, near to the service area in the new capital. Its built-up area is 20% and the rest is allocated for green spaces and artificial lakes.
MBG aims to establish 100-feddan villa project in NAC
Company plans to deliver Pukka project in New Capital in 2022 and 2023, says chairperson
Better Home delivers Midtown project in New Cairo
Project’s investments are worth EGP 1.2bn
Damietta receives English, Danish delegations to exchange experiences on furniture industry
The visit was a part of the Egyptian-Danish Dialogue Initiative, the first edition of which was launched last year with the aim of exchanging expertise in the design and manufacture of furniture between Egypt and Denmark.
EIB invests €9.2bn in more than 100 projects in Egypt
A total of 27 contracts were signed for a total value €4bn from 2015 to 2019, with average amount per year was hence €800m, says Scannapieco
NUCA, Emaar agree to develop EGP 50bn integrated residential projects
The NUCA has handed over a 500-feddan plot of land to Emaar in Sheikh Zayed Extension City for another full-service residential project with investments worth approximately EGP 37.8bn and will create more than 70,000 direct and indirect jobs.
Symrise inaugurates €2m creative centre in Egypt
Egypt’s food additives market reached €100-130m and the company’s market share is 30%
IDA plans to offer 28.5m sqm of industrial lands by end 2020
Will offer New Salhia project for agricultural reclamation through special developer system soon
Indian TCI Sanmar to invest additional $200m in Egypt in 2020
“Recent meeting with president Al-Sisi encourages us to invest more in the market,” says chairperson
Construction and Housing Cooperatives’ investment budget to reach EGP 3.5bn in FY 2020/21: Chairperson
The authority aims to implement co-operative housing projects in New Obour, New Sixth of October, and Upper Egypt cities, says Hossam El Din Rizk
DOJA contracts with JLL to provide advisory services to Aurora project
Project’s investments reached EGP 1.2bn, of which EGP 60m for first phase
Green municipalities, renewable energy, IPOs, PPPs to lead EBRD’s work in Egypt: Chakrabarti
EBRD to have four offices in Egypt by 2020, says bank’s president
Construction of New Suez, West Port Said cities to begin early 2020
Establishment of a training centre for real estate technical employees, says deputy housing minister
EGP 4trn pumped into Egypt’s infrastructure
Annual increase in population is 3 million citizens, expected to reach 150 to 180 million by 2052, says deputy minister of housing
Tharaa in talks with foreign investors over Public Enterprise Sector Ministry’s projects
Available projects are in the sectors of tourism, livestock, real estate, and pharmaceuticals, says Tawfik
Housing Ministry prepares investment opportunities to be presented to Tharaa: Minister
The ministry plans to offer new lands through Beit Al Watan project in New Cairo and New Mansoura
Al-Sisi, EBRD’s president discuss boosting bank’s presence in Africa
Decision depends on the Shareholders’ meeting in May, says Chakrabarti
Africa’s infrastructure needs $200-250bn to be totally developed: Al-Sisi
Securing soft loans is the main pillar of Africa’s development, says the president
PM witnessed signing $3bn investment agreements at 2019 Africa Forum
Sarwa Capital, Banque Misr closed EGP 4bn securitisation bond for NUCA
Egypt is keen on developing collaboration among African countries: Amr Nassar
During a session entitled, “stimulating investments for industrial transformation in Africa”, the minister said, “Boosting collaboration among African countries will positively reflect on developing African economies, and will play an important role in achieving economic and social equality in the continent.”
AOI likely to invest in renewables, desalination projects in Africa with funds from AfDB, Afreximbank: chairperson
The AOI’s investment has doubled in Africa, says Al-Taras
In order to support Egyptian youth, the government must prioritise education, healthcare, and training: Madbouly
“We discuss with international financial institutions offering new financial instruments supporting the regional in cooperation with Africa,” says Nasr
Africa’s 2063 programmes to be integrated with Egyptian ministries
Hashem noted that the Made in Africa workshop represents an important step to support the joint African action and one of the efforts exerted by Egypt in cooperation with other African countries to achieve the objectives of the African agenda and executive steps to achieve comprehensive and sustainable industrial integration in Africa.
Egypt launches joint venture with private sector to manage African intra-trade project “Gosoor”
Africa expected to achieve 4% economic growth, while some European countries likely to grow by only 1.9%, says AfDB’s socio-economist
Cinnabon to launch three more shops by year-end
The company is investing around EGP 40m in its new factory in Tenth of Ramadan