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Egypt launches Wi-Fi calling service
Wi-Fi calling allows users to make voice calls, send text messages, and access other communication features over a Wi-Fi network.
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New e-system and measures for investor and tax issues to go live in February
Special measures will soon be introduced to address and resolve all outstanding tax issues and disputes up until 2020.
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Egypt's economy expected to grow by 4% on IMF reforms
The median forecast in the Jan. 9-20 poll of 19 economists predicted gross domestic product (GDP) growth would then accelerate to 4.7% in 2025/26.
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Egypt secures largest EBRD investment with €1.5 bln for 7th consecutive year
The European Union pledged a 7.4 billion euro ($8.1 billion) aid and investment package for Egypt in March 2024.
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Chinese tourists expected to drive tourism growth in Egypt
In 2024, about 300,000 Chinese tourists visited the North African country, home to the world-renowned pyramids and temples.
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Egypt launches Int'l Professional Diploma in Entrepreneurship
IBDL Learning Group CEO Khaled Khallaf described the launch as a milestone in Egypt’s push to strengthen its entrepreneurship ecosystem.
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Visa Brings Apple Pay to its Customers in Egypt
To pay in-store, customers simply double-click the side button and hold their iPhone or Apple Watch near a payment terminal to pay contactlessly.
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Egypt gets $231m loan from Japan to back private sector
The minister said Egypt implemented 86 reforms in 2024 to improve economic resilience and safeguard against future shocks.
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Government buildings in Cairo’s downtown to be converted to hotel rooms
The minister explained during the session that tourism is 100 percent based on the private sector, adding that there is a lack of marketing operations
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Egypt Boosts Oil, Gas Production to 1.4 mmboe/d
Production rates have risen to 1.4 million barrels of oil equivalent per day (mmboe/d) through the drilling of 105 new wells.
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Egypt striving to digitize real estate appraisal nationwide
Farid made this announcement during his speech at the Second International Conference of the Egyptian Association of Real Estate Appraisal Experts.
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Egyptian Cabinet Grants Golden License to Lesaffre Egypt
This ambitious project is set to produce 22,600 tons annually of instant active dry yeast in August 2026.
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New decisions on organizing visits to Grand Egyptian Museum
Ghoneim added that the museum doors will be open for an evening period on Saturdays and Wednesdays of each week, from nine am to nine pm.
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Launch of the integrated “The E-Gate” electronic platform for ship supplies
The platform aims to provide comprehensive ship supply services for vessels transiting the Suez Canal and Egyptian ports.
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Egypt to approve simplified tax system for SMEs, entrepreneurs, and professionals soon
Kouchouk emphasized that the VAT refund system will be simplified, and refund amounts will be doubled.
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Egyptian agricultural exports hit 8.6 million tons in 2024
This is an increase by over one million tons compared to 2023.
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Archaeologists uncover Ptolemaic-era statue head in Alexandria’s Taposiris Magna
The statue head, measuring approximately 38 cm in height, is larger than life and appears to have been part of a grander statue.
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Eni to Resume Zohr Gas Field Operations by January 2025
Over the past six months, 105 new oil wells have been drilled, adding 64,000 barrels per day to production, Madbouly added.
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OPEC Fund supports 1.1-GW wind farm project in Egypt with $30mln
This marks Africa’s largest onshore wind power project, which is expected to empower more than 1mln homes and cut carbon emissions by 2.5mln tons.
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KIMA Signs Agreement with Al-Sharq Al-Haqiqi for Silico-Manganese Alloy Production
The agreement grants Al-Sharq Al-Haqiqi the rights to operate the furnace, owned by KIMA, which was rehabilitated at a cost of EGP53 million.
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Cairo airport records highest daily traffic since 1963
The Egyptian Ministry of Civil Aviation announced that the airport handled 97,000 passengers in a single day.
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EZZ Steel sets buyback price for delisted shares at EGP 138.15
In addition, the price is 40 percent higher than the average price over the six months preceding the announcement.
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Elezaby Pharmacy Reaches a Landmark Milestone: 400 Branches Across Egypt
Elezaby Pharmacy, a trusted name in healthcare since 1975, has achieved a significant milestone with the opening of its 400th branch.
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Egypt's Government Says Strategic Wheat Reserves Good for 4 Months
Strategic sugar reserves were sufficient for 13.5 months, while vegetable oil reserves were enough for 6.3 months.
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Chinese automaker Geely begins production of 2 models in Egypt
The plant is expected to achieve an annual production capacity of around 30,000 units within the next three years.
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Egypt's BOP records $991.2 mln deficit in Q1 of FY24/25
Egypt’s Balance of Payments (BOP) recorded an overall deficit of $991.2 million in the first quarter (Q1) of the Fiscal Year (FY) 2024/2025.
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Why Egypt Is an Airline Market Worth Watching
Factors contributing to Egypt's tourism success include its geographical advantages, affordability, and the influx of Russian tourists.
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Egypt Aims to Leverage AI in the Healthcare Sector
The Healthcare Authority has a qualified infrastructure and an advanced digital culture, which enable it to implement artificial intelligence tech.
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Rixos opens new luxury resort in Egypt’s historic Alexandria
Rixos Montaza Alexandria offers heritage stays at Salamlek Palace as well as seafront lodges.
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Accelerating work to transform Egypt into regional hub for pharmaceuticals
The drug industry has received due share of the state drive to become a regional industrial hub.
