Latest news
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Five days of paid holiday for employees following end of Eid from May 2-6
Sham al-Nessim falls on Monday, May 6, and comes the day after the Coptic celebration of Easter.
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New Administrative Capital prepares for President’s Inauguration Ceremony
The House of Representatives will hold the swearing-in session at its new headquarters in the New Administrative Capital.
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Egypt to cut poultry, eggs prices by up to 15% with private sector involvement
Egyptian markets are preparing for a considerable decrease in prices of poultry and eggs starting Tuesday.
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Edita has expressed interest in acquiring Egypt’s Bisco Misr
Edita is yet to submit an official offer or take any tangible steps towards acquiring the company.
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Egypt’s state gas firm to invest $2.6bln in 2024-2025
State-owned Egyptian Natural Gas Holding Company (EGAS) is planning to invest nearly $2.26 billion in the 2024-2025 fiscal year.
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New York City vs. Cairo—How the Big Apple Could Learn From Cairo's Metro System
New York City's subway system served 3.2 million passengers in 2022, less than Cairo's which served 3.5 million passengers.
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€61.5m to boost the capacity of the Gabal El Asfar wastewater treatment
Already considered to be one of the largest wastewater treatment plants in Africa, and the capacity is set to increase in the next few years.
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Tax revenues surge by over 38% since beginning of FY24/25
Tax revenues have recorded a growth rate exceeding 38 percent since the beginning of the current fiscal year (FY24/25).
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EgyptAir to sell 12 Airbus A220-300 aircraft to Russia
EgyptAir Holding Company has contracted to sell 12 Airbus A220-300 aircraft to Russia’s Azur Air.
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IMF ties Egypt loan disbursements to currency flexibility
Egypt will have immediate access to $820 million this week and another $820 million after a review to be completed by the end of June.
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Hisham Talaat Mostafa named most influential real estate developer in Middle East by Forbes
Forbes attributes this distinction to Talaat Mostafa’s remarkable success over four decades in leading the Talaat Mostafa Holding Group.
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Egypt’s M&A activity decline by 60% during 2023: PwC
The decline is due to the devaluation of the Egyptian pound against the US dollar, interest rate hikes, and broader economic challenges.
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TSFE aims to complete Misr Pharmacies deal by Q3
The fund plans to execute the deal through its specialized healthcare fund and is currently evaluating the company.
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Russian Company Aims to Invest $1 Billion in Egypt's Mining Sector
The Russian company "Infinity" intends to pump investments into Egypt in the mining sector of about $1 billion.
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Egypt expects IMF agreement to stimulate more foreign financing
Maait added that the rest will come from the World Bank, the European Union, Japan and the United Kingdom.
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PM visits Fresh Electric Factory & announces $8M investments in automatic washing machines production
The prime Minister emphasized that any new investments or expansions from the private sector are a strong addition to the Egyptian economy.
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Egypt aims to procure 3.5 million tonnes of local wheat in 2024
Egypt imported about 12 million metric tonnes of wheat every year from 2017 to 2021: a 2022 report by the United States Department of Agriculture.
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Egypt, Italy sign agreements to back MSMEs, vocational training, and much more
Italy’s Deposits and Loans Fund is providing a total of EUR 145 mn to support MSMEs in Egypt.
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Egypt announces LE 120B soft financing for agricultural, industrial production
The allocated funds will be divided into two categories: LE 105 billion for working capital and LE 15 billion for the acquisition of machinery...etc.
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Egyptian concessions on foreign currencies now at LE8 billion
The proceeds of the concessions on Friday alone amounted to LE224 million, with 65 percent of the total proceeds were from concession of US dollar.