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Egypt has top market value amid Arab teams in World Cup

The 2018 FIFA World Cup in Russia will witness historic Arab participation, as four Arab football teams have qualified for the World Cup. Egypt topped the list of the Arab teams qualified to the World Cup in terms of market value, surpassing its traditional rival Morocco, thanks to Liverpool’s star Mohamed Salah. Salah would be …

Daily News Egypt

Rare book that describes Egypt to be auctioned at Christie’s

A rare authentic book, Description of Egypt, is to be auctioned at British auction house Christie’s on 29 May with an estimated price range of €300,000–500,000. The original version of the rare book describes Egypt’s landscapes, culture, and traditions through the eyes of the French army during its expedition. The book is the first descriptive …

Daily News Egypt

$4.9bn in trade exchange between Egypt, UAE in 2017

The value of trade exchange between Egypt and the UAE in 2017 amounted to $4.9bn, versus $2.8bn in 2012. This came according to a report prepared by the department of trade policies and international organisations at the UAE’s Ministry of Economy, which was reported by the Emirates News Agency on Sunday. The report stated that …

Nihal Samir

IMF First Deputy Managing Director David Lipton

Egypt needs to utilise macroeconomic stability to create jobs, raise living standards through sustainable growth: IMF first deputy managing director

The time has come to take advantage of the Egyptian reform programme’s success and push to create jobs and raise living standards through sustainable growth, said IMF First Deputy Managing Director David Lipton on Saturday during his visit to Cairo, ahead of the Inclusive Growth and Job Creation in Egypt conference. Lipton explained that, by …

Daily News Egypt

Commodity trade between Egypt, Saudi Arabia at EGP 3bn in 2017

The total volume of commodity trade between Egypt and Saudi Arabia during 2017 amounted to about EGP 3bn, according to Egyptian Minister of Trade and Industry Tarek Kabil. Kabil noted that Saudi Arabia was among the largest Arab countries investing in the Egyptian market in 2017 with a total of $6.3bn invested in 4,274 projects where …

Shaimaa Al-Aees

Tripartite summit between Egypt, Cyprus, Greece expected in fall 2018

A tripartite summit is expected to be held in Athens between the leaders of Egypt, Greece, and Cyprus in the fall of 2018, according to media statements by presidency spokesperson Bassam Rady on Tuesday. During the summit, the leaders are expected to discuss additional efforts to strengthen their relations in various fields, including energy, and …

Sarah El-Sheikh

ILO, Egypt sign protocol of for job creation project

The International Labour Organisation (ILO) signed a protocol worth $3.7m with Egypt’s Ministry of Investment and International Cooperation for a new project aimed at creating job opportunities and developing the private sector in Egypt, according to a Monday press release from the ministry. Peter Van Rooij, director of the ILO’s country office in Egypt, and Minister of …

Hagar Omran

Sudan asserts political will to complete electric interconnection with Egypt

Egypt and Sudan have the political well and readiness to complete the necessary steps to complete the implementation of electric interconnection between them, Sudanese Minister of Water Resources, Irrigation, and Electricity Moataz Mousa said in a press statement on Sunday. In February, Minister of Electricity and Renewable Energy Mohamed Shaker said that negotiations are underway …

Donya Salem