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Are companies including AI in their budgets?
After the triumph of ChatGPT, companies understand that if you are not investing in AI, you are missing out.
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Here are 18 suggestions for planning new products
In today's world of rapid change, it is more important than ever to respond to customer needs at an early stage and offer innovative solutions.
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Exploring Egypt's export burden rebate program: 5 key insights
With over 1,100 companies embracing this initiative, we explore the key insights driving Egypt's export revolution.
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Are you a foreigner who wants to buy land in Egypt? here's what you should know
Egypt has embarked on a groundbreaking initiative to open up designated plots of land to foreign businesses, allowing transactions in US dollars.
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A new chapter in Egyptian fashion: Sustainability leads the way
In Monofeya, one of Egypt's poorest provinces, a single business successfully upcycled around 940 tons of fabric in five years, combating waste.
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10,000 feast at Cairo’s Matariya mega-iftar on 10th anniversary
Starting as tiny community gathering, event grows to become a rallying point for thousands.
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Egypt approves FY2024/25 budget
Egypt’s cabinet has approved in its meeting on Wednesday the draft budget for the upcoming FY 2024/2025 to send to the House of Representatives.
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Raising the prices of Egypt’s hospital services is necessary: Health Minister
The minister explained that moving the prices of medical services, which had been fixed for 27 years, was inevitable to keep pace with the prices.
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Egypt inks agreement to establish LE 1.6B silo factory in East Port Said
According to the agreement, Feerum Egypt will establish a factory in the industrial zone in East Port Said, covering an area of 51,950 square meters.
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Egypt, Saint-Gobain sign deal to establish €160 mln flat glass factory in Ain Sokhna
Saint-Gobain- Egypt alliance will build a 200,000-square-metre flat glass factory in the industrial zone of Ain Sokhna.
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AMEA Power progresses with 500-MW solar project in Egypt
The Abydos Solar Power Company (ASPC), which is wholly owned by AMEA Power, is managing the construction and will own and run the solar power plant.
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Egypt’s non-oil trade deficit decreases 10.6 percent, exports rise 1.2 percent
The report also noted an increase in the value of Egypt’s non-oil exports by about 1.2 percent in Q4 of 2023.
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Egypt To Benefit From More Intra-Africa Trade
With implementation of a new trade deal taking hold, two new reports see a leadership role for Egypt.
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Saudi ADES Holding signs long-term agreement to invest $66M in Egyptian oil fields
This is part of a consortium leading local Exploration and Production (E&P) player to operate and enhance production in key oil brownfields in Egypt.
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Egypt to receive 2nd installment of financial dues for Ras El Hikma project within weeks
The government expects the project to attract investments of up to $150 billion during its development, helping to provide millions of jobs.
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National Bank of Egypt intends to invest five billion LE this year
These new investments will be in the sectors of financial technology, real estate development, chemical industries, and engineering industries.
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Water & food security projects top economic & social development plan in Egypt FY2024/25 budget
The government intends to construct 471 drinking water stations and 248 sewage treatment stations and increase housing units to 337,000 residentials.
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Egypt has largest hotel pipeline in Africa with 109 hotels in development
New report said there was 9% YoY growth in hotel pipelines in both North and sub-Saharan Africa.
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France, EU sign €61.5 mln financing agreements to develop Egypt’s Yellow River Water Treatment Plant
France and the European Union (EU) have signed 61.5 mln euro financing agreements to support the development of the Yellow River Water Treatment Plant
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GAFI grants 6 golden licenses to companies for projects worth EGP 5.6 bln
The golden licences, also known as "single approval licences," were introduced as part of the 2017 investment law and activated in 2022.
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Egypt to complete building 1st factory for bird flu vaccines in 90 days
This move will make Egypt an African and logistical center for providing the region’s needs of bird flu vaccine.
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Egypt Air returns to Zurich after a long break
The Egyptian national airline had stopped flying the route to Zurich for the long period of twenty years.
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Egypt starts repaying up to $1.5 bln in oil company arrears, sources say
Egypt began accumulating arrears to companies and contractors during a long-running foreign currency shortage.
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Egyptian PM aims to bring down prices of essential goods by 15-20 percent
Egyptian Prime Minister (PM) Mostafa Madbouly launched a new measure aimed at tackling the escalating inflation and alleviating the burden on citizens
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Allocations for health and education will increase by 30 percent in FY2024/25
The state’s general budget for the fiscal year (FY) 2024/25, which begins in July, will increase allocations for health and education by 30 percent.
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Egypt seeks to boost telecom R&D, manufacturing with new India deal
Under the MoU, TEJAS will manufacture its communication products in Egypt using fiber optic technology.
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Onshore wind power: Amea launches work on a 500 MW field in Ras Ghareb, Egypt
UAE-based IPP Amea Power is completing the installation of the first wind turbine in its Amunet wind farm in Egypt's Gulf of Suez.
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Egypt to establish Supreme Council of Taxes
A presidential decree establishing the Supreme Council of Taxes was issued on Monday, Minister of Finance Mohamed Maait announced.
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Egypt ranks 2nd in CCPI index thanks to investment in renewables
The index data attributed this advanced ranking to the fact that Egypt has taken measures to invest in large-scale renewable energy projects.
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Red sea attacks decrease Suez Canal's revenues by 50%
The purpose of this meeting is to review the recent economic developments and enhance Egypt's partnership with the United States.