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Egypt consumes over 3 million tonnes of sugar yearly
Egyptians consume between 3.2 and 3.3 million tonnes of sugar per year while the country produces nearly 2.2 million tonnes from beets and cane.
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Egypt named Africa’s “Hottest Tech Scene”
With almost 100 million citizens, Egypt has one of the highest populations in the Middle East and Africa with 61 percent of its population under 30.
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Egypt Ambassador to UK partakes in symposium on investment opportunities
The symposium was attended by British officials and representatives of several British companies interested in investing in Egypt.
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Egypt, Nissan agree to produce 100,000 cars a year
There have been reports of government plans to revive Nasr Automotive, which specialised in making local versions of Fiat cars before it ceased.
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Travel, tourism contribute to Egypt’s GDP by 11.9%
The sector provided 2.48 million jobs, representing 9.5 percent of total employment, with expectations to jump to 3.222 million in 2029.
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Egypt Automotive Industry report 2019
NGage consulting offers us insight in this report about the automotive industry in Egypt and the future prospects for car sales market.
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Egypt hotels report RevPAR growth
The major Egyptian markets are forecasted to see an average RevPAR growth of 13 per cent in 2019 in comparison to last year.
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Egypt’s non-oil exports hit $2.043 bln in January
Non-oil manufacturing exports amounted to $1.611 billion during the same month, whereas food exports registered $432 million.
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Wealthy millennials boosting the art market
The global art market experienced another uptick in 2018, helped by an increase in the spending power of millennials.
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Vodafone dials in to 100% solar power in Egypt
The firm plans to build between 20MW and 25MW of new solar infrastructure by the year 2025.
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Trade exchange bet. Egypt, Japan hits $1.26B in 2018
Egypt’s imports from Japan included cars, tractors, machinery, electrical appliances, iron, steel, plastics and articles thereof.
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Egypt’s Canal Sugar inks financing deal worth $169 million
Egypt's Canal Sugar said it had signed a financing agreement worth a total of $169 million with a consortium of six banks.
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Egypt's finance minister says ministry's new strategic plan has been finalised
Egypt's Finance Minister Mohamed Maait inspected the new premises of the ministry in the New Administrative Capital.
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Greek investors seek to do business in Egypt
A delegation of major energy investors in Greece is interested in doing business in Egypt.
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Egypt is poised to turn into Africa's hottest tech scene
Approximately 60% of Egypt's population is under the age of 30 and internet penetration is skyrocketing past 40%.
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Trade exchange bet. Egypt, Japan hits $1.26B in 2018
The office added that Egypt’s most significant exports to Japan included Petrol, ready-made clothes, carpets, medicinal plants, cotton and vegetables
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Bosch eyes establishing factory in Egypt to serve as regional hub
Germany’s Bosch engineering and electronics company is eyeing establishing a major factory as part of its investment plan in Egypt.
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Egypt's petroleum ministry, Germany's DEA sign $20 mln energy exploration deal
The deal is in regards to oil and natural gas exploration in Ras Badran and Khaleeg El-Zeit in the Gulf of Suez.
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Egypt aims to harvest 3.6 mln tonnes of wheat this season
The state will pay farmers between 655-685 Egyptian pounds($38-$39) per ardeb (150 kilograms) of wheat depending on quality.
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World Bank urges Egypt to prioritize women's participation in the economy
At a labor participation rate of 23.1%, females remain an “untapped resource” in Egypt’s reemerging economy.
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Mobile World Congress 2019: Wrap up infographic
The event was a great success as it managed to gather 109,000 visitors from 198 countries.
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Egypt is rationalising food subsidies
The second phase of rationalising Egypt’s database of ration-card beneficiaries will take place in March, Minister of Supplies and Internal Trade said
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Egypt’s tobacco monopoly climbs
The government on Feb. 28 launched the private placement of 4.5 percent in Eastern Tobacco - a sale that was covered 1.8 times.
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BT100: Egypt's biggest business ceremony
The events is set to witness more than 800 guests from prominent business persons, to key influential individuals in the field of economics.
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North Africa Health launches early April
The 2019 edition introduces the re-branding of the show’s name from Mediconex to North Africa Health to better represent the regional market.
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Egypt govt mulls new support mechanism for exports
The government is looking for alternatives to its present dysfunctional export-subsidies programme.
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Mineral Wealth Law, terms of gold exploring do not attract investors
4.4bn were transferred to bank account of Al Sokari gold mines to boost Egyptian economy.
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EU chief, British PM May to hold Brexit talks in Egypt
An EU official warned "there will be no deal in the desert".
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1st Arab European summit launches in Sharm El-Sheikh
The trade exchange between Egypt and the European Union is at 28 billion euros in 2017 up from 17.4 billion euros 10 years before.
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Bank Audi considering buying NBG’s Egypt unit
The website of National Bank of Greece’s Egyptian unit lists 18 branches in Cairo and elsewhere in the country.
