Business News Wrap-up

Saudi Arabia to pump new investments in Egypt: official

Saudi Minister of State Essam Bin Saad Bin Saeed said Saturday that Saudi Arabia is keen to enhance economic relations with Egypt and intents to pump new investments in the country in the coming period.

Custom duties on Cars, buses add LE 772M to state coffers

Total custom duties and the value added tax, among other duties, collected on cars, buses and their spare parts in Alexandria port reached LE 772.5 million last month, a report from Alexandra customs said Saturday.

Central Bank issues LE 15B in T-bills Sunday

The Central Bank of Egypt (CBE), on behalf of the Ministry of Finance, is scheduled to issue LE 15 billion in treasury bills on Sunday.

Kabil, Croatian amb. confer on economic cooperation

Trade and Industry Minister Tareq Kabil met Saturday with Croatia's Ambassador to Egypt Tomislav Bošnjak to discuss means of boosting economic cooperation.

Key facts about Egypt’s largest textile city

Trade Minister Tarek Kabil announced last month the beginning of procedures for the establishment of the largest textile and clothing city in Egypt, located in Sadat City in Monufiya governorate. Egypt Today sums up key facts about the city.

Sisi always keen on boosting economic development process: Amb.

Egypt's Ambassador to the Sultanate of Oman Mohamed Ghoneim said Saturday that President Abdel Fatah al-Sisi is always keen to boost the economy, development and trade exchange.