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Category: Egypt
French Schneider Electric mulls €30-million investment in Egypt until 2025
French Schneider Electric company is planning to inject additional €30 million in Egypt until 2025 to boost the production capacity of its electrical panels factory ... Read More
GYPTO Pharma to manufacture drugs in KSA under $129m deal
Egyptian holding company GYPTO pharma and several other local companies signed Monday $129.44 million worth of contracts with Saudi Arabian Med City Pharma company to ... Read More
China’s Hengtong to manufacture fiber-optic cables in Egypt
Chinese power and fiber optic cable manufacturer Hengtong will set up a plant in Egypt to produce fiber cable as result of a deal between ... Read More
Egypt, Libya to ban trade of non-Egypt-made drugs
Libyan and Egyptian authorities have reached an agreement to ban the trade of pharmaceutical drugs, other than Egyptian-made, in Libya, ‘Libya Observer’ reports. The move ... Read More
Egypt suspends customs duties on essential goods for six months
Egypt’s Premier Mostafa Madbouly announced Monday October 9 the government decision to suspend from next Saturday duties and customs on essential goods as part of ... Read More
Morgan Stanley downgrades Egypt’s sovereign credit rating to “dislike stance”
New York-based investment banking company Morgan Stanley has moved Egypt’s sovereign credit to a “dislike stance” from a “neutral” rating and noted that the cash-strapped ... Read More
Al Sisi, candidate for December presidential polls
Egypt’s incumbent leader Fattah al Sisi announced Monday his plans to seek another term in office in the December presidential elections after assuming power in ... Read More
Egypt: At least 38 injured in fire outbreak in Ismailia security directorate
A huge fire occurred early this Monday October 2 at a police facility in the Egyptian Suez Canal city of Ismailia, injuring at least 38 ... Read More
Central banks of Egypt, UAE ink bilateral currency swap Agreement
The Central bank of Egypt (CBE) and that of the United Arab Emirates (CBUAE) signed Thursday September 28 a Bilateral Currency Swap Agreement between the ... Read More
Mauritania extends for six months MoU with Cairo-based Arab Contractor to build tramway in Nouakchott
Mauritania has extended for six months the Memorandum of understanding (MoU) with the Egyptian Arab Contractor company to build a tramway in capital Nouakchott, local ... Read More