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GDP grows 5.6% in 1Q2019-2020 mainly fueled by five sectors
What’s driving Egypt’s 5.6% GDP growth in 1Q2019-2020? The retail, agriculture, industrial, real estate, and telecoms sectors contributed the most…
Suez Canal revenues under threat as Russia looks to step up Arctic shipping route
Suez Canal revenues could come under threat as Russia looks to expand Arctic shipping route: Russia plans to make cargo…
Egypt to deliver 4 mn sqm at the Suez Canal Zone to investors soon
It was a mixed bag on the airwaves last night: Egypt is nearly ready to deliver 4 mn sqm to…
Most Suez Canal certificate holders reinvest returns, Egyptian banks say
Most holders of Suez Canal certificates of deposit (CDs) reinvested their returns into other savings products after the CDs matured…
What’s going on with Egypt’s repayment of the Suez Canal certificates?
What’s going on with the Suez Canal certificate payments? Reports emerged in the local press yesterday claiming that the Finance…
Egypt’s Suez Canal revenues fall 1.4% y-o-y to EGP 49.1 bn in 1H2019
Suez Canal revenues fell to EGP 49.1 bn (c. USD 2.98 bn) in 1H2019, down 1.4% y-o-y from EGP 49.8…
Industrial Complex to be built near Port Said
The Chemical and Fertilizers Exports Council is building a 250k sqm industrial complex in the Suez Canal Economic Zone, according…
Egypt in the News on 22 August 2019
This morning in the foreign press: Egypt will be faced with multiple economic and environment challenges — some obvious, others…
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