Latest news
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Eid al-Adha holiday to be from June 15-20 in Egypt
The decision stipulated that examinations would continue according to the dates set by the competent authority.
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Egypt important to the global economy: BRICS' Dev. Bank
Egypt, with its geographical location, acts as a gateway between Asia and Africa and is a crucial corridor for global trade.
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Egypt seeks to replace Tuk-tuk with ‘Bajaj Qute’ taxi
The Helwan Machinery and Equipment Company signed with the ITAMCO Company to manufacture a light auto-taxi to replace the Tuk-tuk.
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Egypt’s Sahl closes dual rounds at $6 million
Sahl's strategic vision is to become the dominant player in facilitating digital payment transactions within Egypt's booming EGP 2.5 trillion sector.
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Egypt to receive rehabilitated Tahrir Complex building in 2024
The repurposing project of the iconic Tahrir Complex building (or Mogamma El-Tahrir) in Down Town is anticipated to conclude in 2024 after 31 months.
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EGP 5 bln disbursed for 360 exporters
360 export companies have received their overdue receivables under the seventh phase of the Immediate Cash Payment initiative.
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Egypt seeks soft loan worth $1B from NDB by end of 2024
The funds obtained will be used to support mutually agreed-upon projects, and disbursement may occur in either dollars or alternative currencies.
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Cairo University signs agreement with University of East London
The number of new joint study programs with the University of East London is currently at seven.
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Arab Cotton Ginning’s standalone profit grows 142% YoY in 9M-23/24
Operating revenues increased to EGP 83.09 million in 9M-23/24 from EGP 71.51 million in the equivalent period a year earlier.
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Search CAPMAS: Egypt-Jordan trade exchange volume reached $864M in 2023
The value of Egyptian imports from Jordan reached $206 million in 2023, compared to $259 million in 2022.
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Annual inflation rate falls below 30% for 1st time in 15 months
Egypt's annual headline inflation rate has maintained its downturn trend for the third consecutive month, dropping to 27.4 percent in May.
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Egypt's Sovereign Fund secures 20% ownership in Care Pharmacies
As part of this deal, the Sovereign Fund has gained ownership of 45 pharmacies, which make up a significant portion of the total 220 branches.
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Advancing AI Regulations and Protection of Intellectual Property in Egypt
The country has invested over 10 billion Egyptian pounds into projects encompassing six core sectors.
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Egyptian Nuclear Plant Prepares for ‘Promising Start’
Russian state-owned Rosatom is working to inaugurate the first nuclear power plant in Egypt, in the city of El-Dabaa (130 km northwest of Cairo).
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Suez Canal revenues drop by 64.3 % in May 2024
In comparison, the previous year's May witnessed the passage of 142.9 million tons, representing a decline of 98 million tons.
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Egypt, EU probe private sector guarantees
Mashat and Koopman held a virtual meeting to follow up on the preparations for the investment conference between Egypt and the European Union in June.
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EgyptAir operates flights to el-Alamein Airport in July
EgyptAir announced Saturday that it will operate its first flights to the city of el-Alamein, on the North Coast starting on Tuesday.
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NDB’s first int’l seminar in Egypt: Facts and expectations
The seminar represents an opportunity to familiarize with the bank's operations and explore ways to assist the government and private sector.
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Egypt finances acquisition of local wheat by LE 44B
This action reflects Egypt's commitment to bolstering the agricultural sector and alleviating the burdens faced by farmers.
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Egypt supports decarbonization of the steel industry
Investments in green capacity modernization will support the competitive advantage of local manufacturers in export markets.