Latest news
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ITFC anticipated to disburse $200mln tranche to EGPC
EGPC will use the tranche to fund the purchase of petroleum derivatives and petrochemicals.
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5 Visa-Free Destinations You Can Visit With Your Egyptian Passport
The Egyptian passport allows holders 17 visa-free destinations, and 32 others with visa acquisition upon arrival.
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UAE's AD Ports Group invests in Egyptian cruise terminals
UAE’s AD Ports Group is set to invest $4.7 million in developing and managing cruise terminals in Safaga, Hurghada, and Sharm El Sheikh.
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Egypt's logistics sector in 2024: 10 essential facts
Egypt is rapidly emerging as a global logistics powerhouse, thanks to its strategic location, comprehensive infrastructure development, and reforms.
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Egyptian manuscript sold at Christie’s auction for £1.25 Million
This Egyptian manuscript contains the oldest surviving evidence of the Gospel in the Aramaic dialect, the closest language spoken by Christ.
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What do consumers expect from AI?
Here we tackle AI recommendations desired by consumers, based on insights from Adobe Digital Trends report to help Egyptian marketers stay ahead.
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What is a debt-for-development swap? and why Egypt wants it?
This innovative strategy can help nations tackle debt burdens while simultaneously funding essential development initiatives.
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Tender: Construction project in Sharm El-Sheikh
Development and operation of an investment zone project on the premises of Sharm El-Sheikh International Airport.
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Thousands of tourists face unprecedented crisis in Egypt
The German travel and tourism group FTI’s bankruptcy has thrown the itineraries and payments of 11,000 tourists in Egypt into disarray.
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Egypt’s economy to grow to 4.2 percent in 2024
The World Bank attributes Egypt’s economic expansion in 2024 to several factors including the rise in investments, particularly in the Ras El Hekma.
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Egypt secures $10.04B foreign direct investments in FY2023/2024
This represents a growth rate of 12.3 percent compared to the FY 2022/2023.
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Egypt turns to space agency to help tackle water scarcity
National authorities are hoping to put advanced technology to work to help avert a crisis.
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Egyptian Women’s Museum being established inside NMEC
This comes in implementation of directives of President Abdel Fattah al-Sisi during the celebration honoring Egyptian women in March.
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Egypt Forms Corporation To Manufacture One Million Tons of Phosphate Annually
The initiative aligns with the government’s objective of maximizing local benefits from the mining sector.
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Egypt reports $17.23 billion primary budget surplus
This represents a significant increase compared to the previous fiscal year, when the surplus was only $2.43 billion.
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Sisi highlights South-South partnerships to New Development Bank president
The meeting in Cairo reviewed the path of relations between Egypt and NDB, which is the economic arm of the BRICS group.
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Trade exchange between Egypt, Arab states hit $26B in 2023
The top importers are Saudi Arabia with $2.7 billion; the UAE with $2.2 billion; Libya with $1.8 billion; Sudan with $984.4 million; and, Algeria.
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EGX’s long-awaited shariah-compliant index to go live today -report
EGX head Ahmed El Sheikh said last month that the bourse has put together a committee to launch the index this quarter with 30 to 50 listed companies.
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Xpeng makes debut in Egypt marking another milestone in global expansion
Raya Auto, a subsidiary of Raya Holding, has been appointed as Xpeng’s exclusive distributor and partner in Egypt.
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Egypt’s Top 50 Listed Companies 2024
The top 50 listed companies in the annual list saw their sales in USD shrink by almost 20% to $26.4 billion in 2023 compared to 2022.