: :inin Kyiv (EET)

Section: Daily News Egypt (Egypt)

      Third edition of International Media Tournament kicks off today in Hurghada
      Apr03

      Third edition of International Media Tournament kicks off today in Hurghada

      Under the sponsorship of Bibliotheca Alexandrina (Library of Alexandria), the third edition of International Media Tournament for media persons and journalists will be kicking off starting from Wednesday to Saturday, at the Maritime Sports Club in Hurghada, organised by the Federation of Sports’ Journalists in Lithuania. Seven teams will be...

      IMF expects 70% of global economy to experience slowdown
      Apr02

      IMF expects 70% of global economy to experience slowdown

      The International Monetary Fund (IMF) expects 70% of the global economy to experience a slowdown over 2019, Christine Lagarde, the IMF managing director, said on Tuesday over her speech at the American Chamber of Commerce, before the IMF’s Spring Meetings next week. “But, to be clear, we do not see a recession in the near term. In fact, we...

      El Reyada For Rice Milling eyes 25% growth in exports
      Mar02

      El Reyada For Rice Milling eyes 25% growth in exports

      El Reyada For Rice Milling aims to increase its exports by 25% compared to last year by expanding into new markets. Mahmoud Al-Waili, chairperson of El Reyada For Rice Milling, said that exports in the last year reached $40m and aims to increase that to $50m this year. He pointed out that the company has already started opening new markets last...

      Ukraine to launch first flight to Alamain soon: ambassador
      Feb26

      Ukraine to launch first flight to Alamain soon: ambassador

      The Ukrainian ambassador to Egypt, Hennadii Latii, announced launching the first flight from Ukraine to the Al Alamain International Airport soon. During his meeting with the Egyptian Minister of Tourism, Rania Al-Mashat, Latii said that there are 110 flights between the Ukrainian and Egyptian cities. The Al Alamain International Airport is one...

      Wadi El Nile to set up sorting, packaging station with EGP 20m investments in 2019
      Feb25

      Wadi El Nile to set up sorting, packaging station with EGP 20m investments in 2019

      Wadi El Nile for the export of agricultural crops will establish a sorting and a packaging station with investments of EGP 20m during 2019. Ahmed Elabagy, chairperson of the company, said that the station will be specialised in the sorting and packaging of citrus fruits, grapes, and pomegranates. The construction process is scheduled to begin...

      Business community calls on CBE to more cuts in interest rates
      Feb16

      Business community calls on CBE to more cuts in interest rates

      Three investment experts agreed that Egypt’s interest rates are still relatively high, despite the latest decision of the Central Bank of Egypt (CBE) to cut interest rates by 1%. The Monetary Policy Committee of the CBE cut the overnight deposit rate and the overnight lending rate at 15.75% and 16.75%, respectively, during 2019’s...

      Trade Ministry holds first meeting to formulate upgraded version of Export Support Programme
      Feb06

      Trade Ministry holds first meeting to formulate upgraded version of Export Support Programme

      The Ministry of Trade and Industry hosted the first meeting to formulate new version of the Export Support Programme, with the participation of the heads of Export Councils. The minister of trade and industry, the advisor for SMEs, and the general coordinator of the Export Councils, Hossam Farid, said that this meeting comes within a framework of...

      Egypt’s agricultural exports: opportunities, challenges lying ahead
      Feb06

      Egypt’s agricultural exports: opportunities, challenges lying ahead

      Egypt’s agricultural exports have achieved a reasonable growth last year by producing 500,000 tonnes, to reach 5.2m tonnes, compared to 4.75m tonnes in 2017, which diverted the attention toward the ability of the sector to grow during the upcoming years. Daily News Egypt organised a seminar in order to understand the situation of the...

      2019: Getting over challenges and eyeing more opportunities
      Jan28

      2019: Getting over challenges and eyeing more opportunities

      The tourism industry in Egypt has been full of ups and downs since the 2011 Revolution. The sector in Egypt suffered a devastating blow, especially when a Russian passenger plane crashed in Sinai in late October 2015 and all its passengers were killed. Notably, following the plane crash, Russia imposed a travel ban on Egypt, while the UK...

      Every Egyptian household would have at least one direct or indirect worker in tourism: Al-Mashat
      Jan27

      Every Egyptian household would have at least one direct or indirect worker in tourism: Al-Mashat

      The tourism sector in Egypt suffered a downturn since the 2011 Revolution, and the sector in Egypt suffered a devastating blow, especially when a Russian passenger plane crashed in Sinai in late October 2015 and all its passengers were killed. Notably, following the plane crash, Russia imposed a travel ban on Egypt, while the UK suspended all...