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Egypt hosts 8th EMGF ministerial meeting
El Molla stated that the current events and the global energy situation demonstrated the importance of the step taken by establishing the EMGF.
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Egypt launches site for investors to apply for ‘golden license’
Two types of businesses are eligible, those who contribute to sustainable development and those who establish partner up public and private sectors.
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Cabinet approves draft resolution to establish the New Development Bank
The bank also works in digitization, due to the negative economic effects resulting from the COVID-19 pandemic crisis on the global economy.
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Urbnlanes plans to raise investments in Egypt to $974.61mln
Urbnlanes’ investments in Egypt amount to EGP 11 billion distributed on 3 projects, Urbnlanes CEO, Fadi Emeel said.
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IFE discusses its regional call for proposals for economic growth in Africa
IFE launched a Call for Proposals in 8 countries including Egypt, Ethiopia, Cote D’Ivoire, Ghana, Rwanda, Senegal, Tunisia, and Morocco.
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Dentacarts dental platform aims to close a $10m funding round in 2023
DentaCarts is considered the first Egyptian platform specialised in e-commerce for the sale of medical devices and tools in the field of dentistry.
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Vodafone Egypt becomes first telecom company to achieve the LEED gold green certification
This comes as a perpetuation of Vodafone's effective role in applying environmental sustainability standards.
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Warnings in Red Sea hotels against violating the minimum stay fare
This is in order to address the phenomenon of low prices for selling tourist trips in foreign markets for areas of the Red Sea and Sharm el-Sheikh.
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Madbouly witnesses signing of 7 Green Hydrogen MoUs
Following the signing, Madbouly referred to the state’s efforts to attract more direct foreign and domestic investments in renewable energy.
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Egyptian researchers developed new breed of chicken that gives eggs abundantly
experiments began in 2007, and the research team tried to search for a better breed than the one in the Egyptian market.
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New flotation of Egyptian pound not possible
IMF experts did not arrive in Cairo until after filling the financing gap through recent Arab investments, Al-Fiki added.
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Jade Textile aims to increase investments in Egypt's spinning sector by $70M
Jade Textile Egypt is an Ready-made garment manufacturer. It is affiliated to Yeşim Textile Turkey.
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Egypt sees a return of the 18% interest rates on long term Bank deposits
The United Bank offers 18% CDs, as the best certificate in Egypt to attract more customers towards its services.
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ExxonMobil Egypt, Misr El Kheir celebrate 4 teams graduating from the energy, environment social challenge
The challenge aims to transform viable and socially impactful ideas into tangible prototypes ready to be made available in the market.
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Egypt has plan to provide hard currency, aware of price increase crisis
Commenting on the dollar and gold prices, the PM said that the government has a plan to deal with the challenges resulting from the global crisis.
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AUC school of business holds business forward event on Egypt’s economy in 2023
The event took stock of the past year’s economic happenings and generated advice on public policies and directions.
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Morni invests $10 million in Egypt to acquire mobility startups
Egypt-based fintech investment platform Exits.me finalised a new buy-side mandate with KSA-based Morni Holding earlier this month in Dubai.
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Fortescue Future Industries plans to start producing green hydrogen in Egypt in early 2027
The company is discussing with the General Authority for the Suez Canal Economic Zone (SCZone) allocating exclusive lands for the project.
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Egypt's net foreign reserves rise to $33.532 billion in November
Egypt's net foreign reserves rose to $33.532 billion in November from $33.411 billion in October.
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IMF schedules Egypt’s $3 bln loan meeting on 16 December
By securing this loan, Egypt will have obtained a total of over $23 billion in loans from the IMF over the past seven years.
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Project: Electricity Network
Red Sea: Extension and strengthening of the electricity network within Shalateen City
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Project: Construction and Renovation
Alexandria: Development and renovation of the sixth floor of the hospital
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Project: Automotive Spare Parts
Cairo: Supply of spare parts for tractors
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Restaurant management platform OneOrder secures $3 million seed round
Today’s announcement brings the company’s total investment to $10.5M, following an initial $1M pre-Seed investment.
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Honeywell develops first chemical recycling facility in Egypt
The MoU enables Environ to conduct a project feasibility study to explore trends, feedstock availability and potential markets.
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Russians to pay pyramids tickets in ruble soon
A ticket that allows entry to the pyramid of Khufu is for LE600 ($25).
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Hassan Allam inaugurates seawater desalination plant
The desalination plant is part of Egypt’s national strategy to increase the accessibility of drinking water throughout the country.
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Cloud4C sets up new in-country cloud data center in Egypt
The new in-country cloud data center in the Arab Republic of Egypt in collaboration with Telecom Egypt, the country's primary telecom provider.
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Russian market harder to access for Egyptian citrus exporters
The world's largest citrus exporter, Egypt, has seen a large increase in volumes this season.
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Ration cards for rice in Egypt sufficient for 6.6 months
Moselhy added that the strategic stock of ration wheat is enough for five months and the ration sugar is enough for 3.8 months.
