News
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Egypt’s electric taxi service hits the roads in new capital
The ‘New Capital Cab’ project was initiated by Egypt’s Ministry of Transport and is owned by affiliated company Super Jet.
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30.2% increase in foreign workers licensed in Egypt’s private, investment sectors in 2023
CAPMAS revealed that 7,973 foreigners were issued work permits for the first time in 2023, accounting for 45.9% of the total.
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Egypt imports 750k ton of sugar to cover needs until February 2025
The Minister of Supply confirmed that there is a strategic balance for cooking oil that covers 6.2 months until November 28.
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SCZONE aims to attract more Korean companies in targeted industrial sectors: Chairperson
During the meeting, Gamal El-Din engaged with representatives from various Korean companies, each specialising in different sectors.
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SCZONE, Eroğlu sign $40M land usufruct deal for garments factory in Qantara zone
The President of Eroğlu Egypt revealed that once the factory is fully operational it will create more than 3,000 job opportunities.
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Egypt considers importing wheat from 3 new markets
Talks with the three potential wheat exporters commenced in late 2023, the official said, expecting them to be among the 22 certified exporters.
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GAFI discuss investment opportunities in tourism sector with Turkish companies
During the meeting, opportunities for cooperation and potential partnerships with the hotel sector were discussed to enhance modern hotel equipment.
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Egyptian fashion enthusiasts create urban fashion runways
A group of four Egyptian male models has been holding pop-up photo shoots and catwalks on popular Cairo streets.
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Egypt have to move bread prices but it will still largely be subsidized
Egypt have to move the prices of bread, an essential commodity that is heavily subsidised in one of the world's biggest wheat importers.
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Volume of Rubex International Company's investments in Egypt record $12M
Additionally, Rubex exports approximately 20 percent of its production through 120 customers across 39 countries.
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Egypt Issues Circular Concerning Imports of Tuk-tuks, Motorcycles for Commercial Use
The Ministry of Commerce explained earlier that this decision aims to replace tuk-tuks with a safe means of transportation.
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Petroleum Minister: New expansions in refineries to increase production, link depots digitally
Mulla asserted the importance of Mostorod petroleum region which is one of the most important petroleum regions in Egypt.
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Haier Egypt begins setting up industrial park's 2nd phase in June
The park's second phase encompasses the manufacturing of fridges and freezers, El-Gendi said.
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Asset management firms looking to use AI-powered advisors require min. LE 15M capital
Asset management firms are required to have a minimum capital of LE 15 million to obtain a license to operate using robo-advisors.
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Belgium Expresses Desire to Invest in Egypt's Electricity, Green Hydrogen Sectors
François Connet pointed to the Belgian government's desire to support and enhance cooperation with Egypt to achieve its goals and use hydrogen.
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NERIC, Eastern R&E enter new cooperation to boost railway
The main focus of this collaborative effort includes the provision of components for railway vehicles and the manufacturing of freight cars.
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Egypt to set up $169.7mln strategic pharmaceuticals warehouses
The warehouses’ construction is set for completion within the coming year, the official added.
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CAMPAS: 11.3B M3 Pure Water Produced in 2022/2023
Total number of pure water stations produced from wells water is 40 stations with a production capacity of 0.04 billion m3 in 2022/2023.
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Sisi witnesses inauguration of number of developmental projects in South Valley
The inauguration was attended by Prime Minister Mostafa Madbouly, Defense Minister Mohamed Zaki, alongside a number of ministers and statesmen.
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Egypt, Italy review progress on $100m debt swap programme
The Sunday meeting focused on the progress of the program’s third phase, valued at $100m, and discussed the potential scope of a fourth phase.