Latest news
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UAE-based Freezoner, IFZA team up to showcase investment opportunities in Egypt, UAE, Saudi Arabia
Scheduled for 30 April, in Cairo, the event aims to delve into investment prospects and feasibility of establishing companies in Egypt, UAE and KSA.
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Madbouly government slashes 2024 privatization program targets to USD 1 bn
Finance Minister Mohamed Maait said that the government was looking to raise some USD 6.5 bn as recently as February.
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Cooking oil prices witness additional 14% reduction, reaching LE 65
The minister confirmed that a 1-liter bottle of mixed oil can now be purchased in the markets for LE 65.
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Egypt to halt load shedding in churches during holidays
Egypt announced suspending the load shedding plan in churches during holidays, such Easter and Holy Week.
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Egypt sets EGP 100M as minimum capital for real estate financing companies
This increase can be fulfilled through cash or its equivalent in foreign currencies at the exchange rate announced by the Central Bank of Egypt (CBE).
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Beltone, Citadel to launch $30 mln fund for early-stage startups
The partnership aims to establish and manage a $30 million fund dedicated to supporting the growth of fast-growing startups.
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Egypt establishes special free zone for modern boats
This zone aims to engage in manufacturing and maintenance of yachts and maritime units, subject to obtaining all necessary licenses and approvals.
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Egypt signs 14 cooperation agreements with China
The General Authority for Suez Canal Economic Zone (SCZone) has signed 14 agreements with industrial developers from China.
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Saudi: Red Sea awards Egypt firm Amaala Triple Bay hotel additional contract
These include the Four Seasons Hotel, Rosewood Residence and Hotel, Six Senses Residence and Hotel, and a medical wellness resort also in Triple Bay.
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Egypt considers offers for large investments in Sharm El-Sheikh’s Ras Gemila: Spokesperson for Egyptian Cabinet
The Egyptian government revealed on Thursday the truth about the investment offers in the “Ras Gemila” area located in the tourist city of Sharm.
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Egypt exports potatoes to Morocco and fresh strawberries to Canada
Industry specialists from EastFruit posit that these nascent markets pose considerable challenges due to their unique market dynamics.
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Egypt’s PM inspects ‘Pyramids’ factory for tires, rubber products
Egyptian Prime Minister Mostafa Madbouly made an inspection tour of various development projects in Port Said and Damietta governorates.
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Egypt successfully produces Unmanned Surface Vehicle with combat capabilities: Report
Established in 2018 as a private Egyptian joint stock company, Amstone is owned by Egyptian investors and shareholders.
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Egypt’s Marsa Matrouh project: A gateway to economic growth and african integration
The recent MOU for the creation of a Turkish logistic industrial zone in Marsa Matrouh is a significant leap in economic development.
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Egypt’s debt to GDP ratio projected to decelerate to 82.6% in 2025: IMF
Egypt’s overall debt to GDP is expected to decline to 82.6 percent of GDP in 2025, from over 90 percent in 2024, and will continue to shrink.
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Tourism Minister mandates green certification for Red Sea hospitality, diving establishments
A similar mandate was successfully implemented in Sharm El-Sheikh in 2022, as the city was prepping for COP27.
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How to incorporate AI into retail operations
AI can help retailers in Egypt revolutionize their operations, better serve their customers, and ultimately thrive in the competitive marketplace.
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Who are your target audience online?
72.2% of Egyptians are on the internet. Media are being replaced by influencers. What counts, however, is contact with specific target groups.
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Egypt to construct tourist walkway between Grand Museum and Pyramids
Egypt has approved a plan to construct a tourist walkway connecting the Grand Egyptian Museum (GEM) and the Pyramids of Giza.
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12 Key facts about the status of Egypt's debt
As Egypt navigates the complexities of debt management and fiscal discipline, understanding key facts surrounding its debt becomes paramount.