Latest news
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Egypt allocates land to construct Ras al-Hikma Airport
The project includes establishing hotels, entertainment projects, tourist resorts, a financial and business district, and an international airport.
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Egypt to set up a smartphone recycling centre of €100m
Egypt is looking to set up a €100 million smartphone refurbishment and recycling plant for the Suez Canal Economic Zone.
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US dollar depreciation sparked 20% drop in car prices in Egypt
The local automotive sector increasingly needs to strengthen its market presence through localization efforts and expanded production.
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The devaluation of the Egyptian pound further increases the competitiveness of Egyptian oranges in Europe
Government investments have transformed large tracts of desert land into citrus plantations and lowered production costs.
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New strategy to increase Egypt's food exports to $100 bln annually
The union aims to bring the exports to new record levels, after the food industries sector succeeded last year in achieving $5.1 billion in 2023.
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Egyptian universities make progress in int'l educational classifications
The goal is for Egypt to become a regional center and an attractive educational platform for students wishing to study at the level of MENA.
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Egyptian imports of mobile phones decline by $242K last January
CAPMAS monitored a decline in Egyptian imports of mobile devices for individuals to reach only 20 thousand dollars last January.
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Marsa Alam Airport to receive 155 flights from 13 countries until Friday
Marsa Alam is witnessing an influx of tourist flights arriving from European airports.
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Valu Empowers ESLSCA Students with Flexible Payments Solutions
As part of this partnership, Valu will fully fund two full scholarships for exemplary students based on a mix of criteria.
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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.