Latest news
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Egypt’s balance of payments turns into deficit of US$410 million
This compares to a surplus during the same period in the previous fiscal year of $559.1 million.
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Egypt inflation: Pressure persists despite sharp fall, say experts
Monthly inflation rate was 1% in March, down from 11.4% in February. Prices of food and beverage, the largest single component of the CPI basket.
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Egypt's startup deals hit 129 companies securing over $1M
This initiative, aimed at nurturing entrepreneurship and assisting startups in Upper Egypt, has successfully nurtured a total of 116 companies.
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Alexandria embraces green future with Phase 1 of Metro project
Spanning 21.7 kilometers from Abu Qir Railway Station to Misr Station, the project features 20 stations.
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Wednesday is the first day of Eid al-Fitr
Executive and local authorities and supply and internal trade directorates across the country have intensified their procedures to welcome Eid Al-Fitr
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Egypt budget initial surplus jumps over 8.5 folds in 1st 9 months of FY2023/2024
Non-sovereign tax revenues grew by 32 percent and sovereign tax revenues by 83 percent, Maait added.
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Ericsson and Orange Egypt boost digital transformation
Ericsson will support Orange Egypt to build a resilient architecture across its network, boost service experience, and streamline partner ecosystem.
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Turkey’s DNM inks contract to set up denim factory in Egypt
DNM will set up a USD 40 mn denim factory in Qantara West Industrial Zone, some 70% of the denim factory’s production will be exported.
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Egypt, S. Korea talk cooperation in communication, information technology
Both officials talked digital transformation, digital capacity building, artificial intelligence, and electronics design and manufacturing.
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Egypt's urban consumer price inflation slows to 33.3 percent in March
A poll of 12 analysts had expected Egypt's annual urban consumer price inflation rate to climb to a median 36.3 percent.
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Egypt places new ticket devices to prevent crowding in front of Giza Pyramids area
Self-service machines are a new channel for purchasing visit tickets, in addition to purchasing through ticket sales at the gate and on the website.
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Egypt seeks to lease LNG terminal as it starts importing natural gas + issues a warning to importers on abandoned goods
The government has purchased at least two shipments of LNG, an Oil Ministry source told Enterprise.
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Authorities thwart attempt to smuggle white sand in Alexandria
Inspections revealed 24 jumbo plastic drums with white sand hidden and distributed amongst them prepared to be smuggled out of the country.
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Egypt "Most Represented" in Forbes' Middle East’s Fintech 50 List
Egypt is the most represented on the list with 13 companies, followed by the UAE and Saudi Arabia with 11 companies each.
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Alexandria Port receives Russian ship with 100K tons of grains
Alexandria Port on Saturday a giant transport ship from Russia loaded with 100,000 tons of grains.
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Egypt to increase private sector minimum wage to LE 6,000
It's important to note that micro-enterprises with fewer than 10 employees will be exempt from this decision.
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Egyptian government plans to build 1K smart houses in New Alamain
Twenty-five percent of the city's surface area will be an industrial zone located in the southern section in the desert.
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Sinai Manganese resumes production with revitalised furnaces
Following extensive restoration and modernization efforts, the furnaces have resumed activity, overcoming previous production challenges.
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Environment sector witnesses unprecedented achievements during Sisi’s era
The Egyptian efforts would continue to achieve further successes in the environment file and green transition.
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Egypt Aims to Improve Self-Sufficiency in Wheat and Corn Crops by 2025/2026
The goal is to raise wheat production to 53 percent from 45 percent in 2021 and corn production to 56 percent by 2025/2026.