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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. usatoday,May 2017 Yet …

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CAPMAS: 9.4 million licensed vehicles in Egypt

Egypt’s Central Agency for Public Mobilization and Statistics (CAPMAS) announced on Wednesday that the number of vehicles licensed in Egypt through the end of 2016 reached 9.4 million, state news agency MENA reported. According to the report issued by CAPMAS, …

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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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