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Disney selects Egypt among itinerary countries in 2020

The Disney Park Blog, the official platform of the world’s biggest Disney resorts worldwide, announced the addition of Egypt to the list of the visited countries planned to have an itinerary in 2020. The trip, planned to start taking place within a year, is to offer participants “a truly once-in-a-lifetime vacation, filled with the irresistible …

Daily News Egypt

Egypt, CNN sign partnership to promote tourism in Egypt

The Egyptian Ministry of Tourism has partnered with the international CNN network to implement an international tourism campaign aiming to present Egypt in a contemporary and modern perspective through using an innovative mix of television platforms, digital media, and social networking sites. The new partnership between the Egyptian Ministry of Tourism and the CNN which …

Nihal Samir

Egyptian, Japanese priorities currently converging

“The Egyptian and Japanese priorities are now converging. Egypt would like to benefit of its chair of the African Union to promote business relations with other regions, and Japan is interested in encouraging not only the official development assistance, but also trade and investment relations,” Japanese ambassador to Egypt Masaki Noke told Daily News Egypt. …

Nihal Samir

Egypt warns Turkey against drilling in Cyprus’ economic zone

Egypt warned against intentions of Turkey to begin drilling activities in a maritime area west of Cyprus, according to a Saturday statement issued by Egypt’s Ministry of Foreign Affairs. The statement added that Egypt is following the development, warning against the effects of any unilateral actions on security and stability in the Eastern Mediterranean region. …

Mohamed Samir

Moody’s upgrades five Egyptian banks, outlook changed to stable

Moody’s Investors Service (Moody’s) upgraded on Tuesday, the long-term local-currency deposit ratings of the National Bank of Egypt SAE (NBE), Banque Misr SAE (BM), and Banque Du Caire SAE (BdC) and the Commercial International Bank (Egypt) SAE (CIB) to B2 from B3, and their long-term foreign currency deposit ratings to B3 from Caa1. Furthermore, the …

Daily News Egypt

Egypt, Somalia seek bilateral cooperation

Egypt’s Prime Minister, Moustafa Madbouly, met on Sunday Somalia’s Minister of Foreign Affairs and International Cooperation, Ahmed Isse Awad, in order to discuss bilateral cooperation in the fields of development and security. According to a statement from the cabinet, Madbouly stated during the meeting that has Egypt has for a long time supported the Somalian …

Daily News Egypt

Moody’s upgrades Egypt’s ratings to B2

Moody’s, credit rating agency, upgraded Egypt’s rating to B2 from B3 and changed the country’s outlook to stable from positive. Finance Minister Mohamed Moeit said that Moody’s decision to raise the credit rating of Egypt to B2 while maintaining a “stable outlook” is a new certificate from the world’s leading rating agency for the success of …

Shaimaa Al-Aees

Trade exchange between Egypt, Greece records €1.8bn in 2018

The trade exchange between Egypt and Greece increased in 2018 by 37.5%, reaching €1.8bn, compared to €1.3bn in 2017, the Minister of Trade and Industry of Egypt, Amr Nassar, stated on Wednesday. He continued that Egypt’s exports to Greece increased by 15.3% over the past year, reaching €640m, up from €555m in 2017. His remarks …

Daily News Egypt

Bank Audi plans to open nine new branches in Egypt

Bank Audi plans to expand its footprint in Egypt in 2019. As part of Audi’s nationwide branch expansion plan, nine new branches will be inaugurated in strategic locations mostly outside Greater Cairo to cover more governorates and to reach more diversified segments of customers. Driven by uncompromising mission to offer the best banking services and …

Daily News Egypt

Russia, Egypt sign agreement on uranium supply to 2nd research reactor in Inshas

Russian state nuclear corporation Rosatom’s subsidiary TVEL has signed with the Egyptian Atomic Energy Authority (EAEA) a contract to supply the ETRR-2 research reactor in Egypt with uranium components for low-enriched nuclear fuel produced by the Novosibirsk Chemical Concentrates Plant. The ETRR-2 is used at the National Center for Atomic Research in Inshas city in …

Mohamed Farag