Latest news
-
Egypt's planning minister: Suez Canal revenues down 50%
Suez Canal revenues are down by 50% due to tensions in the Red Sea.
-
IMF: We support Egypt in all measures aimed at introducing economic structural reforms
The IMF supports Egypt in its structural reform measures aimed at improving the Egyptian economy, praising the positive impact of the steps taken.
-
IFC’s banking finance network upgrades Egypt’s performance to ‘Advancing’
The matrix provides a measure of progress made at the country level by member institutions to develop a sustainable finance framework.
-
Egypt’s FRA & World Gold Council Launch Gold Fund Initiatives
Dr. Farid added that these funds also provide a hedge against price volatility through participation in a structured and secure investment.
-
China proposes to build a major textile manufacturing city in Egypt worth $300 mln
The delegation included presidents and representatives of 20 largest Chinese companies and alliances operating in various fields of the industry.
-
Egypt’s major commitments under the IMF’s $8 bln expanded loan deal
The fourth through eighth and final reviews are scheduled to be completed every six months, allowing the country to receive around $1.3 bn each time.
-
Egypt's Engineering exports record unprecedented high levels
The figures showed that the after Egyptian engineering exports recorded levels that are the highest in the history of Egyptian engineering exports.
-
Egypt to cut interest rates by 2 percent in May; inflation to decrease to 20 percent by end of 2024
The CBE's Monetary Policy Committee is scheduled to meet on May 23 to review the key interest rates.
-
Egypt wants to increase oil production by 9 percent
The aim is to reach 637 thousand barrels per day, compared to the current 580 thousand barrels.
-
Tunisia's COFICAB Company to boost Egypt’s exports, targeting $200M in exports by 2027
This came during the meeting on Tuesday 23/4/2024 with Prime Minister, Mostafa Madbouly to follow up on the company’s recent developments.
-
Egypt and African Development Bank finilise programme to strengthen country's entrepreneurial ecosystem
More than 100 businesses and entrepreneurs have benefited from the financial, tax, administrative, and technological advice offered by top consulting.
-
Globeleq Completes Acquisition of Stake in Winnergy Solar PV Plant in Egypt
Globeleq, a leading independent power and energy transition company, has finalized the acquisition of a 48.3% equity share in the 25 MWp solar plant.
-
TAG Oil commences flow back of BED4-T100 horizontal well
At least 50 tonnes of sand were used per stage in the mechanically propped fracture stages with over 1,000,000 pounds successfully pumped.
-
Prices of 18 car brands in Egypt drop by up to 23% since currency floatation
This comes after two years of consecutive price increases due to a suspension of imports and a decrease in supply due to foreign currency shortage.
-
Waja Company to set-up e-car factory in Egypt
Saudi Arabia’s Waja Company in JV to build manufacturing plant, leading new energy transition.
-
AI - The next game changer in email marketing for 2024
AI and automation are revolutionizing email marketing, increasing efficiency and personalization.
-
The top 5 banks in Egypt in terms of safety
The safety and reliability of banks are of paramount importance to both consumers and investors, especially in a climate of shifting dynamics.
-
Learn from Amazon, YouTube and TikTok how to boost your digital presence
It went from print to digital, then from text to image and now from image to video. If you want to have presence as a company, you have to use all.
-
4 Local Egyptian Sportswear Brands to Wear
The Egyptian fashion industry has witnessed a renaissance, where a wave of homegrown talent and creativity produced a wide array of brands.
-
Al Ahly Sabbour signs a cooperation protocol with Baheya Foundation to support and empower breast cancer fighters
The move is coinciding with the opening of the second phase of Baheya Hospital in Sheikh Zayed.