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Egypt's tourism revenues hit record high in Q1 of FY 2022/23
Egypt's fiscal year begins at the beginning of July and ends at the end of June the following year.
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Supporting Egypt’s transition to a greener economy
The programme also offers a technical assistance package and financial incentives from the European Union.
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3 factors led CBE to fix interest rates: analyst
The Central Bank took advantage of the tools of the monetary policy, and the financial policy to implement and enhance market stability.
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Egypt unveils new support for new cities’ real estate developers
Projects that have been or are being granted a grace period in exchange for fees, they will be also granted the 20% deadline extension.
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Abdel Wahab’s villa hit $7 million in market value
The villa of the father of modern Arab music, late singer, "Mohamed Abdel-Wahhab" hit the market for $7 million.
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Bank lends Etisalat Egypt $132m to expand broadband services
The funding is expected to help the operator improve its footprint and offer, said Etisalat Egypt.
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Egypt purchases 535K tons of Russian wheat; shipments set to arrive in Feb., March
The wheat shipments are set to arrive in the second half of February and the first half of March, a brief statement by the ministry said.
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Egypt's White Eagle Developments launches Darvell Business Complex in the NAC
$26mln commercial project is scheduled to be completed in two years.
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Italy’s Eni announces 500th successful cargo from Damietta LNG plant in Egypt
The Damietta plant has exported 7.2mln tons of LNG since its restart in 2021.
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Suez Canal Authority denies granting 99-year concession contract to company
It stressed that the Suez Canal will remain fully owned by the Egyptian state, and subject to its absolute sovereignty.
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How Egypt’s Pylon is “saving the planet” one smart meter at a time
Egyptian smart infrastructure management startup Pylon says it helps utilities seek improvements in revenue collection, reduce losses.
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CPaT strengthens presence in Africa with Egypt’s leading private airline, Nile Air
CPaT is excited to work with Nile Air as they provide the very best training to their flight crews.
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2.24% increase in manufacturing, extractive index during November 2022
Manufacturing and extractive industries index (excluding crude oil and petroleum products) reached 112.43 during November 2022.
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Egypt raises order of Hungarian rolling stock to EUR 1.1 bln
The two countries' bilateral trade in farm products rose 80% close to USD 30 million last year.
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Against all odds CBE maintains interest rates unchanged
In its first meeting in 2023, the Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) decided to maintain unchanged the current rates.
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Egypt government approves 13 oil, gas exploration deals
The areas affiliated with the Egyptian General Petroleum Corporation were within the Western Desert.
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Air Arabia Egypt launches flights to Gizan in Saudi Arabia
The latest route to Gizan marks the eleventh destination that Air Arabia Egypt flies to.
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Customs exemption limit on new items raised for travelers
The Egyptian Minister of Finance, Mohamed Maait, amended the executive regulations of the Customs Law.
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Egypt’s balance of payments hits $523.5M surplus by end of September
The CBE attributed the surplus to the growing revenues of tourism, Suez Canal as well as petroleum and non-petroleum exports.
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HoR ratify document of Egypt's accession to Development Bank of "BRICS" Bloc
The BRICS group comprises the major emerging economies, namely Brazil, Russia, India, China, and South Africa. It is headquartered in Shanghai, China.
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Beko Egypt inks deal with Hassan Allam Construction to build plant in Egypt
The plant will strengthen Beko Egypt’s presence in the local market, offering it a variety of high-quality and innovative home appliances.
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Egypt, UAE probe means to cement healthcare cooperation
El-Sobky stressed that the GAH is keen to exchange expertise, develop healthcare systems and boost cooperation with different health institutions.
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Immigration Min. denies preventing Egyptians abroad from withdrawing foreign currency in local banks
Rumors of imposing customs on jewelry, personal jewelry, and personal electronic devices is unfounded: minister.
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4 Egyptian Restaurants Make it to MENA’s Top 50
The World’s 50 Best has released a 2023 list of the Middle East and North Africa’s most appreciated restaurants, with four Egyptian restaurants.
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Saudi Arabia’s Ma’aden to invest in Egyptian mining sector
Minister of Petroleum and Mineral Resources announced plans by Saudi Arabia’s state-owned mining firm, to invest in the mining sector.
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Egypt's current account deficit narrows by 20.2 percent in 1Q FY2022/2023
Egypt's balance of payments improved in the first quarter of the fiscal year.
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Egypt spends EGP 3.1bn in outdoor advertising
AdMazad conducts over 35,000 billboard audits across Greater Cairo, Alexandria
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Fake Nescafe production unit shut down in Egypt
A factory that was producing counterfeit copies of food giant Nestlé's Nescafe coffee products has been shuttered in Egypt by law enforcement.
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Italy’s Eni announces 500th successful cargo from Damietta LNG plant in Egypt
Damietta LNG facility has produced and loaded its 500th shipment of liquefied natural gas since it began operations in 2005.
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Egypt moves east
Al Ahram Weekly reports on the significance of President Al-Sisi’s recent visits to three Asian countries.
