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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.
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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,
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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.
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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.
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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.
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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.
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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.
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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.
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Egypt keen on increasing farmlands
Egypt is witnessing an increase in the number of agricultural lands, agro-processing facilities and fertilizers production.
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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.
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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.
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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.
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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.
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Egypt, US mull ways to boost oil cooperation
The two sides discussed the ways to cement oil-linked cooperation between Cairo and Washington.
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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.
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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.
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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.
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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.
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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.
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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.
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Egypt's ITIDA hosts Software Testing Day 2nd edition at CREATIVA Innovation Hub
During the event, the CEO of ITIDA Ahmed Elzaher highlighted the impact of transformative AI and generative AI in the software industry.
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How is the back-to-school season in Egypt?
Egyptian families are grappling - as usual - with high prices of school supplies in the local market as a new academic year nears.
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Egypt’s Red Sea Airlines secures two more B737-800s
Red Sea Airlines (4S, Cairo International) has entered into agreements to add two B737-800s, set to arrive in the first quarter of 2025.
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Oriental Weavers Invests In 2.5 MWp Solar Power Plant In Egypt
This solar initiative is set to reduce Oriental Weavers’ carbon emissions by 4,000 tons annually.
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Egypt joins Fund for Export Development in Africa
President Abdel-Fattah El-Sisi has issued a presidential decree to approve Egypt's membership at the Fund for Export Development in Africa (FEDA).
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Türkiye interested in offshore gas fields in Egypt
Bayraktar highlighted the improved relations between Türkiye and Egypt, noting the recent energy agreements between the two nations.
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Egypt fully awards tender for 20 winter LNG cargoes
The most populous Arab country has returned to being a net importer of natural gas this year, buying more than 50 cargoes so far this year.
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Scatec signs PPA for 1 GW solar and 100 MW/200 MWh battery storage project in Egypt
Scatec will provide Engineering, Procurement & Construction (EPC), Asset Management (AM) and Operations & Maintenance (O&M) services for the project.
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EBRD promotes digital transition in Egypt
The investment is part of the Bank’s Venture Capital Investment Programme, which supports early and growth-stage technology companies.
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Singapore’s EliTe Solar to build 8GW solar manufacturing hub in Egypt
The initiative follows discussions with Egypt’s Prime Minister and the chairman of the Suez Special Economic Zone.
