Business

IFC’s investment portoflio in Egyptian private sector hits $1.9B

Minister Rania Al-Mashat informed that the International Finance Corporation (IFC) currently invests approximately $1.9 billion in Egypt’s private sector across various industries.

Alongside this, the advisory services segment, focusing on private se…

Egypt to reveal changes to Export Support Fund in coming days

Within the next 7-10 days, Egypt is set to announce significant amendments to the Export Support Fund, explained Hassan El Khatib, Minister of Investment and Foreign Trade on Monday at the inaugural conference of the Export Council for Food Industries…

China investigates anti-dumping into Canadian Canola oil

China announced Monday the launch of an anti-dumping investigation into Canola oil imported from Canada, amid trade tensions between Beijing and Ottawa, after the latter imposed a 100 percent tariff on Chinese electric cars.

According to the Chinese…

Petroleum Min. meets delegation from Weatherford International

Minister of Petroleum and Mineral Resources, Karim Badawi, met with a delegation from Weatherford International, a leading provider of digital services and solutions for the petroleum sector. The meeting discussed ways to enhance cooperation between …

Gov’t keen on contributing to Iraq’s development in all domains

Deputy Prime Minister for Industrial Development and Minister of Industry and Transport Kamel el-Wazir said Monday that Egyptian government is keen on taking part in Iraq’s development plans in various fields, in light of Egypt’s success story in wor…