Category Archives: Business & Finance

GEM receives 155 artifacts

The Grand Egyptian Museum (GEM) on Friday 21/06/2019 received 155 artifacts, including the chariot belonging to King Tutankhamun.In a statement on Friday 21/06/2019, Tayeb Abbas, the director of the archaeological affairs at the GEM, said the chariot o...

Egypt, Hungary discuss boosting coop. in manufacturing LED light bulbs

Chairman of the Arab Organization for Industrialization (AOI) Abdel Moneim el-Tarass on Friday discussed in a meeting with Hungarian Ambassador to Egypt Peter Kveck and CEO of Tungsram Group Joerg Bauer means of boosting bilateral cooperation in the fi...

Sisi discusses boosting military, security ties with Romanian chief of staff

President Abdel Fattah El Sisi received on Thursday Chief of the Romanian General Staff Nicolae-Ionel Ciuca on the second day of his current visit to Romania.In statements, Presidential Spokesman Bassam Radi said that President Sisi's talks with Ciuca ...

CBE: EGP 140 bn allotted to support small, medium-sized enterprises

The banking sector has allocated some EGP 140 billion to support micro, small and medium-sized enterprises as part of an initiative launched by the Central Bank of Egypt (CBE) in 2016, CBE deputy governor Lobna Helal said on Thursday.The CBE-funded

Finance Ministry auctions EGP 18 bln T-bonds

The Ministry of Finance auctioned on Thursday treasury bonds at a total value of EGP 18 billion.In an online statement, the ministry said it auctioned 182-day T-bonds worth EGP 8.750 billion, with an average yield of 17.669%.The yield ranged from

Egypt exports to Tanzania hit 75% increase in 2018: Ambassador

Egypt's exports to Tanzania witnessed a remarkable growth in 2018, Egyptian Ambassador to Tanzania Mohamed Gaber Abul Wafa said Wednesday.The ambassador made his remark as an Egyptian delegation, including representatives of Egyptian companies register...

Assistant FM mulls promotion of coop. with S.Korea

Assistant Foreign Minister for Asian Affairs Ambassador Hani Selim probed with South Korea's Deputy Foreign Minister for Economic Affairs Yun Kang-hyeon means to promote bilateral ties in all fields.Selim said on Wednesday June 19, 2019 that both sides...

S. Sinai governor meets delegation of Greek businessmen

South Sinai Governor Khaled Fouda received on Wednesday June 19, 2019 night a delegation of Greek patent and businessmen.The meeting tackled the strong and profound relations between the leaderships and people of Egypt Greece throughout history.Also, t...