Friday 29 March 2024
 
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Egypt growth rate highest since 2008: IMF official

Egypt’s reforms have started to reap results, especially with regard to its macroeconomic stabilization, with growth at the highest rate since 2008, said a top IMF official.   “Inflation has rapidly declined, forei

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DP World, Suez Canal Zone set up JV for new projects

Dubai-based DP World, a leading enabler of global trade, has announced the establishment of a joint development company with the General Authority for the Suez Canal Economic Zone in Egypt. The new venture will develop projects in

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DP World, Suez Canal Zone set up JV for new projects

Dubai-based DP World, a leading enabler of global trade, has announced the establishment of a joint development company with the General Authority for the Suez Canal Economic Zone in Egypt. The new venture will develop projects in

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Egypt emergency after deadly church attacks

Egypt's President Abdul Fattah Al-Sisi has declared a three-month state of emergency after attacks on two Coptic churches that left at least 44 dead, a report said. The declaration allows authorities to make arrests without wa

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Sisi vows tough reforms to improve economy

Egyptian President Abdel Fattah Al-Sisi said on Saturday he was committed to pushing through the reforms necessary to turn the economy around and cut public debt, days after Egypt negotiated a $12 billion loan programme with the International Mo

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Sisi warns of harsh and tough measures to fix economy

Egyptian President Abdel Fattah al-Sisi warned citizens on Monday that tough measures would be needed to turn the country's ailing economy around as the government negotiates a $12 billion loan programme with the International Monetary Fund.

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Egypt building new homes to replace crumbling slums

The Egyptian government has started building new flats for slum dwellers under an ambitious housing plan which is expected to cost about E£14 billion ($1.58 billion). A few of them like Bayada Mohamed have already moved into

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Egyptian group starts work on key residential project

Egypt's leading construction company Mokhtar Ibrahim is developing a new residential city on a 2.1 million sq m area in the coastal Al Alamein region of Egypt at an investment of E£400 million ($45 million), said a report.

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Egypt sends submarine to hunt for crashed jet

Egypt deployed a submarine on Sunday to hunt for the EgyptAir plane that crashed in deep Mediterranean waters, President Abdel-Fattah al-Sisi said, warning investigations into the disaster would take time. In his first public rema

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Sisi names 10 new ministers in cabinet shake-up

Egyptian President Abdel Fattah al-Sisi reshuffled his cabinet on Wednesday, appointing 10 new ministers including ones for the key finance and investment portfolios, Egyptian state TV reported. Banking veteran Amr Al Garhy was ap

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