Latest news
-
S&P upgrades Egypt’s credit outlook to positive
S&P Global views Egypt’s exchange rate liberalization as a crucial milestone in bolstering confidence and fostering economic growth.
-
Egypt’s Pharmacy Marts secures bridge round from Acasia Ventures
Pharmacy Marts claims to have covered 20 per cent of Egypt’s total market, and boasts over 200 suppliers on its platform.
-
Egypt to allocate $2.66bln for bread subsidies in FY 2024/2025 budget
A finance ministry statement said on Tuesday citing Finance Minister Mohamed Mait.
-
Egypt to impose strict limits on public investments, debt in FY 2024/25
Minister of Finance Mohamed Maait said the state is placing a stringent ceiling of EGP 1 trillion on public investments in the upcoming fiscal year.
-
Egypt’s Modern Gas to develop $533K subsidiary in Saudi Arabia
The establishment of the new company is part of the petroleum ministry’s strategy and Modern Gas’ plan to expand abroad.
-
EGP 99.6bn allocated for petroleum sector development in 2023/24
El-Said highlighted that Egypt Vision 2030 identifies the petroleum sector as one of seven key areas driving economic growth.
-
Egypt: direct line to China from the seaport in Ain Sukhna at the end of March
For the manager of the shipping company, "the transport line with China aims to increase connections due to the growth of the domestic market".
-
Egypt's new budget to boost exports by LE 23B: Finance Minister
The agreement with the International Monetary Fund (IMF) is expected to bring in foreign exchange inflows surpassing $20 billion.
-
Egypt modernizes its Chinook fleet
Israeli media reports revealed on Monday that Egypt plans to modernize its fleet of heavy Chinook helicopters at a cost of about half a billion dollar
-
Al Tadamun Microfinance boosts women’s funding to EGP 2.34bn in 2023
The foundation saw a 21% increase in disbursed funds, injecting approximately EGP 2.341bn into client projects, up from EGP 1.94bn in 2022.
-
World Bank to provide over $6B in support to Egypt over next 3 years
The bank announced that this support includes $3 billion for financial backing to Government’s programs and $3 billion for the private sector.
-
More Egyptian companies embrace technology amidst 2024 business outlook
The study reflects insights from global trade experts and senior executives, including those from Egypt.
-
Sisi appoints 3 new vice presidents to Suez Canal Economic Zone
Major General Mohamed Ahmed appointed as Vice President of the General Authority of the Suez Canal Economic Zone (SCZone) for the Northern Region.
-
In a first, Bibliotheca Alexandrina launches ‘Hieroglyphs Step by Step’
Available in both Arabic and English, the website is an ongoing project whose first phase was launched in 2015.
-
This Chrome extension blocks food ads during Ramadan
The agency explained that maintaining discipline of both mind and body takes precedence as individuals go through their day while abstaining from food
-
Egypt’s Adtech Startup dKilo Raises $3.2 Million in Seed Funding
The investment, which includes a mix of equity and financing, aims to boost home advertising in the Saudi market.
-
Major Gulf bourses up on strong oil prices; Egypt extends slide
The index encountered a technical glitch earlier in the day displaying inflated gains, before the issue got fixed towards the end of the trading.
-
Egypt, EU trade volume declines by 19% in 2023
Among EU countries, Italy emerged as the leading importer of Egyptian goods, with imports worth $3.1 billion.
-
Egyptian Cabinet Extends Sugar Export Ban for Additional Three Months
The cabinet had previously approved the importation of one million metric tons of sugar this year.
-
Egypt: New incentives for green hydrogen and derivatives projects
The incentives also extend to projects that directly and exclusively manufacture production input and supplies.