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LG Egypt to invest USD 50 mn in manufacturing facilities over the next three years
INVESTMENT WATCH- LG Egypt to invest USD 50 mn in manufacturing over the coming three years: LG Egypt is planning…
SFE wants in on desalination plants
INVESTMENT WATCH- SFE to invest EGP 30 bn in desalination build-up: The Sovereign Wealth Fund of Egypt (SFE) has been…
NBE signs EUR 800 mn agreement with EIB for SME financing
DEBT WATCH- NBE signs EUR 800 mn agreement with EIB for SME financing: The National Bank of Egypt has signed…
Egyptian economy grows at 3.5% clip in FY2019-2020
Egypt’s economy grew 3.5% in FY2019-2020, falling short of the 3.8% preliminary figure announced in July, Planning Minister Hala El…
Private sector recovery stalls in August
The recovery of Egypt’s non-oil private sector stalled in August despite growth in output and demand, according to IHS Markit…
Mahmoud Ismail Etman appointed Senate secretary-general
MOVES- Maglis El Dawla vice president Mahmoud Ismail Etman has been appointed secretary-general of the newly-reconstituted Senate, Youm7 reports.
Salah Diab detained for 15 days pending investigation
Business leader Salah Diab has been ordered detained for 15 days pending investigation of allegations of misuse of public land,…
US suspends aid to Ethiopia for deadlock on GERD with Egypt, Sudan
US suspends some aid to Ethiopia for GERD impasse: The US has suspended about USD 100 mn worth of aid…
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