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German Amb. in Cairo Inaugurates Bosch Factory in Egypt
Germany has always been investing in energy and infrastructure, which lays a solid ground for industrial development.
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‘Entrepreneurship’ subject to be added to preparatory school curricula
The Egyptian Minister of Education, Reda Hegazy, announced that the subject entrepreneurship will be added to the curricula of the preparatory school.
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UAE-Egypt firm Infinity Power strikes Africa's 'biggest renewable energy deal'
It has completed a full acquisition of African wind power platform Lekela Power, in what it’s calling Africa’s biggest renewable energy deal.
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Egypt Begins Experimental Production of Gold in ‘Iqat’, Says El-Molla
El-Molla made these remarks during his visit to the Iqat site, where he inspected the progress of the works and the progress of the gold production.
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Egypt’s SEDICO Pharmaceutical starts operations at new cancer drugs factory
The company self-funded 70 percent of the investment in the new factory with bank loans accounting for the remaining 30 percent.
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Egypt calls on African countries to support its ‘Sustainable Debt Coalition’ initiative
The ‘Sustainable Debt Coalition’ initiative was launched by Egypt during the 27th edition of the UN Climate Change Conference (COP27).
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Paymob Teams With IKEA Egypt to Offer More Ways to Pay
Consumers will get the convenience of paying for purchases over time and gain more control over their spending.
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Ministry of Electricity details measures to stop LE 2B in losses to theft
The ministry outsources the recording of prepaid electricity meters to a company called Shuaa to ensure that the meter is not tampered with.
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Unprecedented increase in prices of food items in Egypt
Shops across Egypt have witnessed an increase in the prices of pasta and rice, in conjunction with production costs and inflation.
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Egypt amends its rules on VAT for non-resident suppliers in e-commerce transactions
The electronic distribution platform is conditionally not responsible for collecting taxes and remitting them to the Egyptian Tax Authority (ETA).
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Egypt suspends sale of Telecom Egypt stake -sources
Telecom Egypt said on March 7 that the government had started to consider a sale of an additional stake in the company.
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Suez Canal Revenues Jump 40% to $2.079 Billion in Q1 of 2023
The transit movement in the Suez Canal achieved revenues amounting to $2.079 billion during the first quarter of 2023.
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PM: State gives top priority to supporting micro projects sector
He also drew attention to the numerous initiatives which support the micro projects sector.
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Egypt exerts great efforts to encourage green economy: IDSC
The program was implemented from 2013 to 2017 in partnership with the Ministry of Trade and Industry.
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SCZONE discusses cooperation with American-Hellenic Chamber of Commerce
The meeting also aims to exchange visions on maximizing the benefits from common economic interests and reviewing the potential of SCZONE.
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President El-Sisi Follows-up on Civil Aviation, Tourism Projects
Efforts to develop the civil aviation sector and promote Egypt’s tourism attraction were presented so as to increase revenues from tourism.
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The ASH-8 well in Abu Sennan licence has now been tied into the existing facilities and brought on stream.
The production from the well will continue to be monitored so that the long-term production potential can be assessed, United said.
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Egypt’s Fashion and Design Council announces the country’s first ever fashion week
Egypt’s Fashion and Design Council on Tuesday announced the country’s first ever fashion week at a press conference in the capital, Cairo.
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Russia's invasion of Ukraine has had wide-reaching effects, including trade and partnerships in Egypt
Tourism in Egypt has also been hard hit by the war, and the government says more investment is required.
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Egypt defends trade with other countries in local currencies
The General Federation of Chambers of Commerce of Egypt defended the exchange of goods and services with other countries in national currencies.
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New working hours for banks during Ramadan
The Central Bank of Egypt (CBE) has announced the banks’ working hours during the holy month of Ramadan, which is expected to start on Thursday.
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High-speed train will be ‘land (version of) Suez Canal’
Wazir said that work is underway to turn Egypt into a global trade and logistical center, through the development of ports and means of transportation
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Egypt is seen as resource-rich country for private energy sector: German officials
1st high level steering committee meeting was held on energy and hydrogen cooperation between Egypt and Germany.
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Zoomcar encourages car owners to host vehicles, generate revenue stream
Zoomcar will refund the actual market value of the car, in case of any damages, which highlights its full commitment to its customers.
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Egypt Targets 5% Growth in FY2023/24 Budget- Finance Minister
Mohamed Maait, the Egyptian Minister of Finance presented the most important final indicators for the draft budget for the next fiscal year 2023/24.
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Egypt, Georgia sign MoU on green business, logistics
The signing took place on the sidelines of the Egyptian-Georgian Business Forum's meeting.
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Egypt's economic crisis in focus at RiseUp's 10th summit
This year’s summit, held under the banner of “Stay Real”, emphasised caution.
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Plastic paving: Egypt start-up turns millions of bags into tiles
The resulting tiles are sold to real estate developers and contracting companies for use in outdoor paving.
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Egypt to be Africa's top wind generator by 2030
South Africa, currently Africa's top ranked wind producer (25th), will drop to 28th by 2030, and be replaced by Egypt as the continent's top.
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Egypt's parliament approves LE 65B additional allocation in 2022/23 general budget
According to the draft law, the new allocation will be covered by borrowing, issuing securities, stocks and other sources of local and foreign.
