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Egypt in talks with UGS to drop USD 2 bn arbitration claim over Damietta liquefaction plant
Egypt is in talks with Spanish-Italian JV Union Fenosa Gas (UGS) in a bid to have the European outfit drop…
Apicorp to invest USD 1 bn in five countries, including Egypt, in 2019
INVESTMENT WATCH- Apicorp to invest USD 1 bn in five countries, including Egypt, in 2019: Egypt is one of five…
Mercedes to resume Egypt assembly “soon”, senior exec says
Mercedes-Benz could soon resume the assembly of passenger cars in Egypt after a years-long hiatus, production chain boss Markus Schaefer…
Egypt’s current account deficit narrows marginally, BoP nets USD 248.1 mn in 1QFY18-19
Egypt’s current account deficit narrowed marginally to USD 1.751 bn in 1QFY18-19, down from USD 1.754 bn during the same…
Non-oil business activity in Egypt contracts for fourth consecutive month, but at a slower pace
Purchasing managers’ index rises in December to four-month high, remains in contraction range: Non-oil business activity in Egypt contracted for…
Egypt inflation drops in December, falling within CBE’s year-end targets
Inflation drops in December, falling within CBE’s year-end targets: Annual headline inflation dropped to 12.0% in December, down from 15.7%…
Egypt ranks 127 out of 170 on Democracy Index, score remains stable
Egypt ranked 127 out of 170 on the Economist Intelligence Unit’s 2018 Democracy Index, which saw the average global score…
Banque Misr begins issuing Meeza debit cards
Banque Misr has begun issuing “Meeza” debit cards as of the beginning of this month, an unnamed source from the…
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