Latest news
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Egypt inaugurates wind farm at Gulf of Suez
The Gulf of Suez wind station is owned by the New and Renewable Energy Authority.
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MSME sector represents more than 80% of Egypt’s economy: MSMEDA CEO
As part of the ongoing efforts, the agency has taken further steps to encourage project owners to transition from the informal to the formal sector.
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20% Milestone Reached in Egypt-Saudi Electrical Link Project
The collaboration between Egypt and Saudi Arabia on this project, initiated in 2012 is worth $1.8 billion, with Egypt contributing $600 million.
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Egypt gets cabinet approval for new private agricultural exports free zone
The first phase of the project is targeting an export volume of $200 million, which is expected to double once the second phase is completed.
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No tax hikes, including on income, commercial & industrial profits: Finance minister
Egypt’s Minister of Finance Mohamed Maait said on Tuesday that there will be no increase in income tax rates or brackets.
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AD Ports finds partners to develop green methanol facility in Egypt
It is also a highly efficient and versatile fuel as it is produced from renewable feedstocks including renewable hydrogen and biomethane.
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Supply of a crane
Suez: Supply of an 80-ton hydraulic telescopic crane
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FRA approves establishment of first tech start-up to fund SMEs
This start-up aims to provide financing solutions for small and medium-sized enterprises (SMEs) using cutting-edge financial technology.
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Africa and Middle East Depositories Association looks to Egypt as HQ for MEA-centered data center
Highlighting Egypt's pivotal role as a central hub for AMEDA, Abdin emphasized the acquisition of essential licenses from the Egyptian Ministry.
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Egypt to increase prices of bread, electricity and petroleum products
He pointed out that the subsidy bill next year will increase to LE 636 billion, an increase of 20 percent over the current year.
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Volume of trade exchange bet. Egypt, Malaysia reaches $777M in 2023
The main commodities exchanged between the two countries included fresh oranges, natural calcium phosphate, and strawberries.
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Egypt sees 30.8% YoY jump in newly established firms in Q1: IDSC
The report also showed that 82.32% of these new companies were set up in Cairo, Giza, Alexandria, Sharqiya, and Qalubiya.
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Egypt denies payment delays on Zohr gas field
Egypt's oil ministry has denied reports that the Samsung Santorini drillship has left the gas field.
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Egypt’s electric taxi service hits the roads in new capital
The ‘New Capital Cab’ project was initiated by Egypt’s Ministry of Transport and is owned by affiliated company Super Jet.
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30.2% increase in foreign workers licensed in Egypt’s private, investment sectors in 2023
CAPMAS revealed that 7,973 foreigners were issued work permits for the first time in 2023, accounting for 45.9% of the total.
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Egypt imports 750k ton of sugar to cover needs until February 2025
The Minister of Supply confirmed that there is a strategic balance for cooking oil that covers 6.2 months until November 28.
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SCZONE aims to attract more Korean companies in targeted industrial sectors: Chairperson
During the meeting, Gamal El-Din engaged with representatives from various Korean companies, each specialising in different sectors.
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SCZONE, Eroğlu sign $40M land usufruct deal for garments factory in Qantara zone
The President of Eroğlu Egypt revealed that once the factory is fully operational it will create more than 3,000 job opportunities.
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Egypt considers importing wheat from 3 new markets
Talks with the three potential wheat exporters commenced in late 2023, the official said, expecting them to be among the 22 certified exporters.
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GAFI discuss investment opportunities in tourism sector with Turkish companies
During the meeting, opportunities for cooperation and potential partnerships with the hotel sector were discussed to enhance modern hotel equipment.