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Egypt's economy is good despite all global challenges
The Minister stressed that the Egyptian economy is diversified, and the business climate is attractive to increase domestic and foreign investments.
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Saudi Arabia extends term for $5 bln deposit in Egypt's c.bank
Gulf states have deposited at least $13 billion with Egypt's central bank to support its economy so far this year.
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BMW Group appoints Global Auto as importer in Egypt
Global Auto Group has also acquired Bavarian Auto Group in a deal that includes existing network of service centers, showrooms, and assembly plant.
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Market rebounds to health
The Egyptian stock market has been doing healthy business since October’s devaluation, reports Sherine Abdel-Razek.
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2nd round of Ezdehar programme kicks off
The programme is being implemented in partnership with the German Agency for International Cooperation (GIZ).
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bp awarded new exploration blocks in Egypt’s Offshore Nile Delta
The Northwest Abu Qir Offshore area covers approximately 1038 square kilometres with water depths ranging between 600 metres and 1600 metres.
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Submarine cable damage brings internet pain to Asia, Africa
The cable is 20,000km in length and can carry 12.2Tb per fibre pair – of which there are four from Egypt to France and three for the rest of the span.
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Honeywell and Environ intend to advance plastics circularity in Egypt through MOU
The two organizations will explore the development of the first chemical recycling facility in Egypt.
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500 Global COO Courtney Powell views Egypt as strong market for new start-ups
The global investor has joined up with Egyptian government to start programmes that will support about 200 start-ups and 60 accelerators.
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Over 140 Chinese companies operate in Egypt
Egypt and China focused on cooperation in strategic industries, including artificial intelligence, space technology, and e-commerce.
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Ryanair in talks to expand into Egypt and Libya, CEO says
Ryanair's only flights outside of Europe currently are to and from Morocco, Israel and Jordan.
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OutSystems introduces AI Mentor System
This enhanced solution gives a comprehensive set of AI-based development, security, and quality analysis tools that provide expert-level assistance.
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IDP sets up Egypt's first Potain MCR 295 tower cranes for Maspero Triangle project
The crane is as high as the restaurant of Cairo Tower.
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Bioventure, Minapharm and MiGenTra sign an exclusive agreement
The agreement is for the commercialization of multiple biosimilar candidates developed and manufactured by Alvotech.
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Egypt receives US$10.3 billion in green funding during COP27
Al-Sisi followed up on mobilizing concessional development funds for the benefit of the national platform for green projects “Novi”.
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Egypt's Ontario Developments starts construction of Maple Business Complex
Hafez Consultants is the project’s lead consultant, and delivery is planned to begin by 2026.
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Egypt’s economy expected to achieve 5% growth in FY2022/23
El-Sisi instructed to continue conducting deep studies of the global economic situation and how it reflects on the Egyptian economy and development.
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Kuwait extends maturity of $2 bln deposits to one year
The deposits were due to mature in April 2022.
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Egypt-China trade volume amounts to $15 billion
Egyptian-Chinese relations have exceeded 64 years. Its exports are agricultural crops, semi-finished industrial goods and engineering industries
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New exchange offers Egypt another way to import wheat
With grain markets disrupted this year by fluctuating prices and the war in Ukraine, Egypt's GASC has been diversifying its purchasing methods.
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Start: Egypt initiative supporting local industry
Egypt has taken great steps that qualify it to localize local industries and even attract foreign investments for manufacturing directly within it.
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Egypt Oil & Gas, Ministry of Petroleum welcome new NOC members to EOG committee
The meeting was attended by many industry leaders from the Ministry, international oil companies (IOCs), and NOCs.
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Egypt’s CBE launches financial inclusion strategy for 2022-25
CBE launched its financial inclusion strategy for 2022-2025 that sets key objectives and priorities for creating financial inclusion in the country.
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It’s time to deepen Arab economic cooperation: Finance Minister
It has become very difficult for emerging countries to obtain financing from international markets: Maait.
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Trade exchange between Egypt, COMESA countries grew by 33,9% in 2021
The highest values were concentrated in five African countries with a rate of 83% of the total of this bloc.
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HD Bank’s consolidated profits jump 26% in 9M-22
The consolidated financial statements of the Housing and Development Bank (HD Bank) indicated a 26.40% growth in the bank’s net profits.
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Trade minister: We seek to increase Egypt's exports to Africa
Egypt was among the first countries that signed the African Continental Free Trade Area (AfCFTA) and has already implemented a trade deal with Ghana.
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Mercantile exchange in Egypt to start operations with Russian wheat trading
Ibrahim Ashmaoui: "The emergence of a commodity exchange in Egypt will be a great addition to the country's trading system"
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Egypt sells more than 800 million KWH of electricity
The sales were done internationally, in the period of 5 months. Network with Saudi, Europe under preparation.
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What you need to know about Egypt’s NWFE programme
NWFE aims to achieve sustainable, low-emission development, and enhance scientific research and technology transfers in the climate change field.
