-
Saudi Public Investment Fund to initially invest $5 bln in Egypt
Madbouly commended Saudi Arabia's progress under Vision 2030, noting the significant advancements in urban development and economic diversification.
-
Restoration of Edfu Temple reveals rare colored inscriptions
The temple restoration project comes as part of a broader strategy to preserve Egypt’s cultural heritage.
-
EGPC acquires 20 shipments of LNG for $907M to meet domestic needs
The procurement deal involves a unique six-month deferred payment structure.
-
Poultry prices in Egypt have jumped by almost 15%
Poultry prices marked a 14.9 percent increase since the start of September with the pasture chickens’ prices going up from EGP 67-68 to EGP 77-78.
-
Egyptian Min. sends 8 messages on developing spining and weaving industry
Egyptian Minister of the Public Business Sector Eng. Mohamed Shimi revealed plans to develop the spinning and weaving industry.
-
Egypt government to set long-term investment & trade plan
Egypt’s investment ministry is drafting a plan for its futuristic vision for investment and trade in the country from 2024 to 2030.
-
FRA's Progress in Enhancing Egypt's Non-Banking Financial Sector
Farid delivered a comprehensive overview of FRA's endeavors spanning from August 2023 to the present.
-
Egyptians invest EGP 925 mln in gold investment funds
A total of 131,000 Egyptians have invested in state gold investment funds, totalling EGP 925 million since their launch.
-
Egypt releases $48 bln worth of commodities from customs in 1st 8 months of 2024
The former minister of finance Mohamed Maait reported in March that a total of 25,000 cars imported by expats were released.
-
Egypt signs MoU with Hungary to collaborate on nuclear reactor technology
Located in the Matrouh governorate in northwestern Egypt, the Dabaa plant stands as the country's inaugural nuclear power facility.
-
Egypt’s richest man, Nassef Sawiris gains $912 million this year
Under Sawiris’ leadership, OCI has undergone significant transformation, making the company more agile and focused on strategic growth.
-
Abu Simbel and Alexandria among top 3 destinations for Japanese travelers
Abu Simbel came in first, White Desert National Park came in second and Alexandria third,
-
Cairo, Riyadh discuss expansion of Saudi investments in Egypt
The discussions took place in Riyadh at the start of Madbouly’s official visit to the kingdom, according to a statement from the Egyptian Cabinet.
-
Egypt, China mull cooperation in air freight domain
This meeting comes within the framework of presenting the vision of Chinese company on the possibility of cooperation with the Egyptian side.
-
Etisalat Misr invests LE10 billion to develop its telecommunications networks
Etisalat had an increase in revenue growth during the first half of 2024 by nearly 36 percent and a slight increase in profits.
-
Saint Catherine gets a makeover as Egypt unveils the ‘Great Transfiguration’ Project
The ‘Great Transfiguration’ project aims to develop the South Sinai region and open new horizons for Egyptian tourism.
-
Egypt seeks more EU investments
Kouchouk stressed to Berger that the country’s monetary policies will be more effective in managing risks and boosting the competitiveness.
-
Consortium Expands Wind Farm Capacity in Egypt to 650 Megawatts
The plant’s first phase, with a capacity of 250 megawatts, is scheduled to be online in December 2024.
-
Egypt keen on increasing farmlands
Egypt is witnessing an increase in the number of agricultural lands, agro-processing facilities and fertilizers production.
-
CIB appoints Hisham Ezz Al-Arab in new term as CEO
Ezz Al-Arab has served as the CIB's Non-Executive Chair since March 2023.
-
Egypt, Saudi Arabia have strong investment partnership
This partnership will be strengthened after signing the agreement to encourage and protect investment between the two countries.
-
Egypt Ranks Among Elite Cybersecurity Nations in 2023-2024
The implementation of the National Cybersecurity Strategy (2023-2027) has further fortified Egypt's cybersecurity defenses.
-
Know your InstaPay limits: CBE announces new rules
The Central Bank of Egypt (CBE) has increased the daily and monthly spending limits for digital payments made using apps like InstaPay.
-
Egypt, US mull ways to boost oil cooperation
The two sides discussed the ways to cement oil-linked cooperation between Cairo and Washington.
-
Egyptian imports of passenger cars decline by $22.9M in June 2024
Overall imports dropped by 3.3 percent in June 2024 to $6.0 billion, down from $6.21 billion in the same month the previous year.
-
Saudi Arabia-Egypt Electricity Interconnection Project
A substantial proportion of electricity is expected to be sourced from renewable resources, in line with both countries’ sustainability goals.
-
Egypt considers investment plan for Ras Banas on the Red Sea
Egypt started promoting the “Ras Banas” area on the Red Sea to investors to develop it similar to the “Ras El-Hekma” project.
-
AMEA Power to develop largest solar photovoltaic (PV) project in Egypt
AMEA Power will invest an additional $800 million in two major renewable energy projects in Egypt.
-
Japan, Egypt Hold 4th Meeting of 'Business, Investment Promotion Committee' on Sep. 12
Amb. Oka emphasized the need to address the challenges Japanese businesses face for Egypt to fully develop its business potential.
-
Report expects iron consumption in Egypt to grow to 6.8 million tons by 2024
Flat steel consumption is also expected to remain stable at 1.5 million tons in 2024, and begin to increase thereafter.
