Egypt’s business digest July 22: Egypt’s exports to EU decline by $130 mln; $2.4 mln grant to boost private sector developmental projects; corn crop cultivation up to 720K feddan
International Cooperation Minister Sahar Nasr

CAIRO: No more browsing from site to site, view the top business news stories on July 22 here:


$2.4 mln grant to boost private sector developmental projects: source

A grant of $2.4 million provided by the MENA Transition Fund will be allocated for boosting private sector projects in developing fundamental public services in Egypt, Youm7 quoted anonymous source at the Ministry of International Cooperation.


Egypt’s exports to EU decline by $130 mln: CBE

Egypt’s total exports to EU member states declined reaching $1.47 billion by the second quarter of the last fiscal year 2015-2016, compared to the first quarter; the decline is estimated at $130 million, according to the latest report by the Central Bank of Egypt (CBE.)


Drilling of new exploration well in Mansoura began in May: official

Mansoura Petroleum Company started drilling a new exploration well in May; Youm7 quoted an official source at the Holding Company for Natural Gas (Egas.)


Area cultivated in corn crop increases to 720K feddan: report

Total area cultivated in corn crop has increased to 720,000 feddan, a report by the Ministry of Agriculture said.


3 international offers to fund Egypt’s 5th, 6th metro lines projects: Transport Minister

The government has received three offers from South Korea, China and the European Union to fund the execution of the fifth and sixth lines of Egypt’s metro, Al-Shorouk news website quoted the Minister of Transport Gala el-Saeed.

El-Saeed said that the government is still studying the offers to choose the suitable one.


Recommend to friends

Leave a comment