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Egypt Telecom sees 5% rise in Q1 net profits

Telecom Egypt posted a five percent year-on year increase in net profits in the first quarter of 2017, with profits of EGP 1.4 billion, to achieve a profit margin of 32 percent from January to March. This is according to ahramonline.. In …

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China hosts summit on new Silk Road

President Xi Jinping will host leaders from 29 nations in Beijing for a two-day forum on his signature foreign policy programme, a revival of the Silk Road dubbed the One Belt, One Road Initiative dailymail,13 May 2017  China opens on …

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IMF agrees to deliver second tranche of loan to Egypt

Nur M Hisham According to a Fund statement on Friday, the International Monetary Fund staff team and the Egyptian authorities have reached a staff-level agreement on the first review of Egypt’s economic reform programme supported by the IMF’s $12 billion …

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Like a phoenix, Egypt economy is rising from ashes

CAIRO — At first glance, software engineer Ahmed Elhaz, psychiatrist Mohammed El Shami and furniture maker Mahmoud Shaaban have little in common: One writes computer code, another provides counseling and the third uses carving tools to ply his trade. usatoda,April 2017 Yet …

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Lagarde to Sisi: IMF supports Egypt’s economic reform

Following a Washington meeting with Egyptian President Abdel-Fattah El-Sisi on Wednesday, the International Monetary Fund’s (IMF) managing director Christine Lagarde reiterated the IMF’s support fort Egypt’s economic reform programme.  Lagarde described Egypt’s economic reforms as a strong programme “to help the …

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