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Egypt gears up for launch of massive ‘500500’ oncology hospital
The Prime Minister stressed the need to safeguard the substantial investments made in this landmark facility and guarantee the delivery of top service
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Prices of electrical appliances drop by 30%
The downward trend in prices is anticipated to persist. Many electrical appliance firms have started to roll out promotional offers on select products
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Banks, companies contribute EGP 68.85bn to mortgage finance initiative for low-income individuals in Q1 2024
Amlak Mortgage Finance disbursed EGP 252.133m to 2,320 clients, while Tamweel Mortgage Finance allocated EGP 68.666m to 602 clients.
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Turkish exports to Egypt reaches $872M in Q1 of 2024
Among the leading destinations for Egyptian exports in Q1 2024, Turkey emerged as a key player with trade valued at $874 million.
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Egypt calls on foreign residents to quickly legalize their status by June 30
The cabinet issued a decision last year that foreigners applying for the right of residence for tourism or non-tourism purposes must show fee receipt.
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South Africa’s Standard Bank Group to set up Egypt office in 2024
The South African bank’s presence in Egypt will allow it “to capitalize on the significant emergence of the Gulf-sub Sahara Africa-Egypt corridor.
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Central Bank of Egypt to launch six tenders for T-bills, bonds totalling $2.51bln
The funds are earmarked for settling past debts and addressing the national budget shortfall.
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Egypt’s merchandize exports up 5.3% YoY in Q1 2024
Türkiye topped the list of importers of Egyptian merchandize exports during Q1 of 2024, with $874 million, followed by Saudi Arabia and the UAE.
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Minister of International Cooperation highlights World Bank's role in development financing
Al-Mashat also discussed regional and international challenges and their impact on developing countries and emerging economies.
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Faisal Islamic Bank’s standalone profits surge 179% YoY in Q1
Revenues grew 82.4% to EGP 10.175 billion in Q1 2024 from EGP 5.580 billion in the same quarter last year.
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Egypt, Japan discuss deepening strategic partnership
Japan is a key Asian development partner for Egypt, with a cooperation portfolio exceeding $3bn since 2010.
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Egypt to build 2 solar power stations with $20.6 million in EU funding
Projects signal Egypt's commitment to renewable energy expansion and economic development.
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World Bank raises its growth forecast for Egyptian economy to 4.2% in 2024/25
The bank has lowered its expectations for Egypt's economic growth during the current year to 2.8 percent from its previous estimates of 3.5 percent.
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Minister: We have state-of-the-art labs for testing food at AU or ME level
These laboratories have become reference points at both the African Union and the Middle East region, equipped with the latest advanced devices.
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Central Bank of Egypt Raises ATM Withdrawal Limits to EGP 30,000
Previously, the limit for ATM withdrawals was EGP 20,000, and for withdrawals from bank branches was EGP 150,000.
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13 Egyptian universities listed in QS World University Rankings 2024
Cairo University also ranked 38th globally for the first time in the field of library and information management to be followed by Alexandria Uni.
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EUROCONTROL Praises Egypt's Efficiency in Managing Air Traffic during Exceptional Circumstances
Eurocontrol explained that the air traffic management in Egyptian airspace immediately handled things smoothly and safely.
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Mobile Internet Use in Egypt Rose by 74% During Ramadan 2024
More people watched videos and use navigation apps this year, while online shopping dropped compared to last year.
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Egypt to increase funds for health sector by 25% in upcoming budget
This is in line with the nation’s goal to improve medical services for citizens, which is also an objective of Egypt’s Vision 2030.
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Egyptian potatoes gain access to the Moroccan market
The agricultural sector has shown significant growth, with exports in the first quarter reaching over 2.2 million tons, valued at around $1.5bn.
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Egypt’s inflation eases to 33.3% in March following float of the EGP
Now that the EGP is trading in banks for considerably less than on the parallel market before the float, inflationary pressures have begun to ease.
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Middle East 'leading world travel industry boom in 2024'
Egypt has reached new heights in its tourism sector, with a record $15 billion in tourism revenues in 2023 and 40% increase already in 2024.
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EgyptAir suspends flights to and from Jordan, Iraq and Lebanon
EgyptAir stated that in the event of any inquiries, customers can communicate by calling the EgyptAir Etisalat Service Center at 1717 from mobile.
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Egyptian solar set to expand beyond the massive 1.8 GW Benban PV project
In this edition of the Weekend Read, we turn to Egypt. The gigawatt-scale Benban project showcases the North African country’s solar potential.
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Egypt's garment industry exports up 25 per cent in first two months of 2024 Text copied from https://tvbrics.com/en/new
Profits from overseas shipments of goods produced by the industry reaching US$464 million compared to US$371 million in the same period of 2023.
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Egypt aims to procure 3.5 million tons of local wheat
The minister emphasized that farmers and suppliers will receive their dues within 24 hours of supplying the wheat quantities.
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Egypt's Fawry private offering 15.9 times oversubscribed on stock exchange - statement
Investment bank EFG Hermes said the share price was 6.46 Egyptian pounds ($0.3874) per share.
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Egypt’s cigarette prices see increase starting Sunday
The Cleopatra box with 10 now costs 24.5LE, while the King Size is at 34.5LE.
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Tanker stranded in Gulf of Aqaba moved to Egyptian port, sources say
A gas tanker that was stranded in the Gulf of Aqaba has been successfully moved away to a port in Egypt's Sinai Peninsula.
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Egypt’s strawberry boom in Kazakhstan: exports up 100 times since 2018/19
Egypt made a remarkable entry into the ranks of major suppliers of fresh strawberries to Kazakhstan, securing the third spot.