The Egyptian government should end duty-free access for imported vehicles so as to stimulate domestic car…
Egypt
Business news and investment opportunities in Egypt
STATS
Source: World Bank
Currency: Egyptian poundGDP: 250.9 billion USD (2018)
GDP per capita: 2,549.13 USD (2018)
Gross national income: 1.191 trillion PPP dollars (2018)
GNI per capita: 12,100 PPP dollars (2018)
GDP growth rate: 5.3% annual change (2018)
Internet users: 44.95% of the population (2017)
Grand Renaissance Dam in doubt as Ethiopia edges towards civil war
Ministers from Egypt, Sudan and Ethiopia launched a new round of talks on the Grand Ethiopian…
Egypt fast tracks desalination as GRED fills up
Egypt is pumping neqrly $3bn into desalination project amid worries about the impact of Ethiopia's Renaissance…
Ethiopia begins filling GERD dam
Water levels behind the Grand Ethiopian Renaissance Dam (GERD ) have begun to rise and the…
Tension mounts over Renaissance dam
Ethiopia has alarmed Egypt and Sudan by deciding to start filling the Renaissance dam before signing…
Rosneft buys stake in giant Zohr field
Russian energy major Rosneft is to pay Italy’s Eni $1.125bn for a 30% stake in Egypt’s…
Eni sells Zohr stake to Rosneft and gives Qatar a foothold in the Med
Just weeks after snapping up the Russian government’s stake in Bashneft for around $5bn and days…
Egyptian economy larger than South Africa’s, says IMF report
The depreciation in the rand has seen Egypt overtake South Africa as the second largest economy…
Saudi Arabia and Egypt revive $4bn Red Sea causeway project
Saudi Arabia and Egypt are planning to build a giant causeway across the Red Sea connecting the Sinai…
Russia grounds Boeing 737s
Russia grounds Boeing 737s : Russia’s airline regulator, the Interstate Aviation Committee (IAC), said it was suspending…
Egypt eyes up Russia’s Mistral helicopter carriers
Egypt may end up buying the two Mistral helicopter carriers that were originally destined for Russia,…
Eni discovers ‘supergiant’ gas field off Egypt
The Italian energy company Eni has discovered a “super giant” natural gas field off the Mediterranean coast of…
Rosneft to supply EGAS with LNG
The Russian oil company Rosneft has agreed to source and export 3.5m tons of LNG to the Egyptian…
Putin in Cairo to discuss nuclear power, manufacturing and aerospace
Putin in Cairo: Bilateral trade , as well as geopolitics, is on the agenda for President Putin and…
Egypt and Gazprom close to signing LNG deal
Egypt and Gazprom: Egyptian officials are close to finalising a deal with Russia’s Gazprom for the…
Egypt and EEU close to free trade agreement
Egypt and the EEU could conclude a free trade agreement in the near future, according to Georgy Petrov, Vice…
Egypt approaches Avotvaz over joint projects
Egypt approaches Avotvaz: The Government of Egypt has asked AvtoVAZ if it would be interested in participating…
VimpelCom sells Djezzy Algerian subsidiary stake
VimpelCom sells Djezzy: Mobile operator VimpelCom has sold 51% of its stake in its Algerian counterpart…
$2b Russian Egyptian defence deal signed
A Russian Egyptian defence deal covering the sale of up to $2bn worth of military equipment…